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Could you please elaborate on the consequences of failing to report cryptocurrency transactions? It seems serious when you mention both financial and criminal penalties. I'm curious about the specific details. For instance, how does the $10,000 fine accumulate for every 30 days of not reporting? And what kind of criminal charges could potentially arise from this? It seems like omitting crypto gains from Form 8938 isn't just a minor oversight but a serious offense. Could you explain further?
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