>‘Taxpayers should take these letters very seriously,’
IRS Commissioner Chuck Rettig said
You know what should probably be taken more seriously?
FREEDOM.=
https://www.wsj.com/articles/irs-sending-warning-letters-to-more-than-10-000-cryptocurrency-holders-11564159523?mod=hp_lead_pos3
https://archive.fo/LfFnM
People still buy from, and keep their crypto-holdings on centralized exchanges?
Their need for familiarity breeds my contempt.
More shit from the article…
>The Infernal Refuse Service has begun sending letters to more than 10,000 cryptocurrency holders, warning they may have broken federal tax laws. The agency wasn’t specific about the possible violations it was reviewing, but those who hold digital currencies could be subject to a variety of taxes, especially on capital gains.
>“Taxpayers should take these letters very seriously. The IRS is expanding efforts involving virtual currency,” IRS Commissioner Chuck Rettig said.
>The agency expects its mailing to be completed by the end of August. Three variations of the letter are being sent, depending on the information the IRS has about the recipient.
>The IRS letters come as bitcoin, the world’s most popular cryptocurrency, has ridden a new wave of optimism in recent months. In mid-July, bitcoin topped $12,000, more than three times its value at the end of 2018. Investors, speculators and Facebook Inc. have extolled the potential of digital currencies.
>At the same time, use by drug dealers and other nefarious actors has marred its reputation.
Fiat currencies being the most often used for the vast majority of all illicit activities, but we won't mention that!
>The IRS has expressed worries about the ability of digital currencies to promote tax evasion.
lol that's what they're REALLY worried about!
>An IRS spokesman declined to say how it learned about the targeted cryptocurrency holders and their transactions.
No. Don't tell me we live in a surveillance state!
Tell me it isn't so!
>forced anon itt for reasons
