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Benzinga
Benzinga
Business
Khyathi Dalal

Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters

Crypto IRS the Internal Revenue Service Bitcoin United States
Hitting the Max Takes Planning—and a Calculator

According to CoinLedger CEO David Kemmerer, thousands of U.S. crypto investors have recently received warning letters from the Internal Revenue Service (IRS), marking a significant escalation in the agency's efforts to enforce tax compliance in digital assets.

What Happened: In an interview with The Block, Kemmerer revealed that IRS letters targeting crypto investors have spiked 758% over the last two months, based on CoinLedger's internal tracking.

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