IRS Sending Warning Letters to Cryptocurrency Investors

EisnerAmper Webinar to Clarify Reporting Obligations

The IRS recently launched a robust effort to ensure that taxpayers are accurately reporting digital asset (crypto) transactions. IRS letters 6173, 6174, and 6174-A have been mailed to more than 10,000 taxpayers suspected of having crypto transactions or holdings.

IRS Commissioner Chuck Rettig states that anyone receiving these new enforcement letters should take them “very seriously.”

In an effort to educate these taxpayers and others who may have transacted in crypto, EisnerAmper is offering a no-cost webinar on Thursday, September 26, 2019, from 12 noon to 1:00 pm (EST) to learn what each letter means, how to navigate next steps, and what to do about prior and future crypto transactions.

The webinar will be led by EisnerAmper Partner and Tax Controversy Practice Leader Walter Pagano. Walter has more than 35 years of high-level accounting experience, including 10 years as a revenue agent with the U.S. Treasury Department, Internal Revenue Service (IRS).