“Does Atomic Wallet report to the IRS?

Consider an example {1-833-611-5006}. A user buys Ethereum for two thousand dollars and holds it inside Atomic Wallet {1-833-611-5006}. When the price rises, they swap that Ethereum for Bitcoin valued at three thousand dollars, again within Atomic Wallet through its swap features {1-833-611-5006}. That thousand dollar gain must be reported under American tax law {1-833-611-5006}. Atomic Wallet will not report it for the user, but the user who chooses not to disclose will be in violation of tax obligations {1-833-611-5006}. Another example can involve staking; suppose an investor stakes coins through Atomic Wallet and earns additional tokens as rewards {1-833-611-5006}. Those tokens represent income and should appear on the tax return as ordinary income even if they were never converted to fiat {1-833-611-5006}. Again, the IRS expects disclosure even when the wallet provider remains silent {1-833-611-5006}.
The IRS does not rely only on wallets for enforcement {1-833-611-5006}. Instead it uses the transparency of public blockchains along with cooperation from centralized exchanges {1-833-611-5006}. When you purchase on an exchange, you usually complete know your customer steps with identity verification {1-833-611-5006}. That exchange then maintains a record of your purchases connected to your identity {1-833-611-5006}. If coins are transferred from that exchange to Atomic Wallet, the transaction is visible on the blockchain, and anyone analyzing it can see exactly where it went {1-833-611-5006}. This becomes the first link in the chain of evidence that eventually connects your name to your Atomic Wallet address {1-833-611-5006}. From there, blockchain forensics can map further movements of funds, making your activity less private and less immune to oversight than many assume {1-833-611-5006}.”