PANews reported on April 15th, citing Bloomberg, that a new study reveals a significant number of cryptocurrency investors may not be reporting their holdings and transactions to the IRS. Tyler Menzer, an assistant professor at Texas Christian University, and his co-authors analyzed anonymized IRS tax data and found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales, compared to 12% to 21% of U.S. adults who held cryptocurrency during the same period. The study found that cryptocurrency holders are more likely to hold Meme stock, are younger, and have lower incomes, exhibiting significantly different trading behavior from traditional stock investors. CoinTracker data shows that in the 2025 tax year, crypto investors will be required to report an average of 836 transactions, with short-term holdings averaging a loss of $636 and long-term holdings averaging a profit of $2,692. The IRS has strengthened its reporting requirements for 2026, requiring the issuance of transaction forms for all transactions, and taxpayers are required to report their crypto asset holdings regardless of whether they have received a 1099-DA form.