IRS: Cage The Crypto Kraken
A Case for Cryptocurrency Tax Amnesty
Good war planning evolves in stages, from strategic to tactical to political. The IRS appears to be in its operational phase, building a cryptocurrency campaign. Several developments signal a strong shift in IRS enforcement. These developments dwarf some 10,000 IRS letters sent to crypto users in 2019 warning them of potential compliance deficiencies. These Letters were just the arrow across the bow, while the IRS is now wargaming. Crypto-diplomacy and amnesty appear to be lost.