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IRS warns crypto holders about fraudsters sending fake letters

The agency says taxpayers may need to disclose crypto activity on IRS correspondence, and it is seeing more related outreach than in years past.

Reported · Written up by our desk · Regulation

The Block reports the IRS is warning crypto holders about fraudsters sending fake letters aimed at stealing digital assets or personal data.

According to The Block, the IRS says that crypto-related correspondence has become more familiar than in years past, as the agency requires taxpayers to disclose crypto activity.

The warning highlights that taxpayers should be cautious about any IRS letter they receive, particularly when it appears intended to extract access to digital assets or information.

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