IRS Sends About 10,000 Crypto Audit Letters Per Month
- —The IRS uses Letters 6173, 6174 and 6174-A for crypto taxpayers
- —Letter 6173 requires signing a statement under penalty of perjury
- —CREW is challenging a $1.776 billion fund and an order granting IRS immunity
- —According to CREW, Trump could owe more than $100 million in taxes
Why it matters: Increased tax scrutiny of crypto operations in the U.S. raises risks for holders, while the dispute over Trump's immunity could affect trust in the IRS.
Source: AMBCrypto