IRS Is Sending Crypto Users Tax Letters—Here’s What You Need to Know

Clinton Donnelly, CEO of Cryptotaxaudit, warned that, based on the volume the company is seeing, the IRS is using a letter campaign to pressure crypto taxpayers to review their past filings. However, he explained that receiving one letter does not imply wrongdoing. The Internal Revenue Service (IRS) is targeting cryptocurrency taxpayers in a massive push, and crypto tax executives are alarmed by the ongoing campaign’s size. Clinton Donnelly, CEO of Cryptotaxaudit, a company that offers crypto tax returns, crypto gain calculations, and forensic crypto analysis services, reported a growing crypto taxpayer-focused campaign using Letter 6174 notices.