Bitcoin Holders Can’t Escape the IRS





I believe any American who transferred over $20,000 from Coinbase to their bank account received a letter. Apparently their are different types of IRS letters? I am not American so I have never dealt with their tax system, but from what I understand there is the “Hey are you sure you reported everything correctly?” and also the “We know you didn’t report it and we are coming for you!” letter.

From what I read on Reddit, it sounded like it was mostly the first letter people were receiving and it was being sent out to people who claimed they had reported their crypto in their taxes. Which means it is just scare tactics?


KYC, lelz