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In the webcast, Lily Chilton discusses IRS alerts regarding virtual currency owners and the consequences of not filing taxes. The IRS sent out letters last month regarding non-filing consequences for crypto traders, confirming that trading cryptocurrencies is a taxable event under Section 1031 of the IRS code. Before the new tax law in 2018, some interpreted this to allow for tax-deferred exchanges of digital currencies. There is ongoing debate among accountants and tax attorneys about this issue. Subscribe to their YouTube channel for the full webcast and visit their website for more information.