18th March, 2026 | Special Inquiry | Appearance of the REGISTRAR OF FINANCIAL INSTITUTIONS before the Public Accounts Committee on the Purchase of the Amaryllis Hotel.

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Checking “Yes” on the IRS Form 1040 digital asset question does NOT trigger an audit.

The question exists to inform taxpayers of their crypto tax reporting obligations. According to legal precedent referenced by Clinton Donnelly, it is not used as a primary audit trigger.

Instead, the IRS may only use the response later if they already discover unreported cryptocurrency activity and need to determine whether the taxpayer knowingly filed a false return.

In practice, checking “Yes” is usually safer than checking “No” if you conducted crypto transactions during the year.

Clinton Donnelly explains how the IRS uses the digital asset question and why many crypto traders misunderstand it.

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Clinton Donnelly is the founder of CryptoTaxAudit, known as the Crypto Tax Fixer, and a leading expert in IRS crypto audits, tax compliance, and digital asset reporting.

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Learn more at https://oversight.house.gov/

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In this video I’ll show you some of the best AI tools specifically for finance. These tools cover the entire life cycle of a financial analyst, starting with AI tools to research companies like Fintool and Alphasense, then import and clean up the findings with Quadratic. Following that, we just into Excel to look at data analysis tools like the COPILOT function, which is great for smaller tasks. For larger multi-step processes like creating a financial model, tools like Claude in Excel are much more handy. We go over an example using a loan amortization table. another alternative to Claude in Excel is Tracklight, which also works as an add-in and is specifically for financial modeling in Excel. Then we go over generating presentations and pitch decks using Claude in PowerPoint. We also suggest some tools outside of powerpoint like Bricks or Gamma.

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