CryptoTaxAudit founder: fines may be imposed on filing tax returns in the U.S. without filing AML forms

In a recent blog, CryptoTaxAudit founder Clinton Donnelly said that tax services such as TurboTax, TaxAct and others did not provide sufficient support to ensure that crypto traders and users fully report their crypto activities on tax forms. According to Donnelly, many people using cryptocurrencies are unable to submit mandatory anti-money laundering (AML) forms and could be fined $ 10,000.