IRS Warning Letters to Early BTC Buyers Illustrate the Utter Disarray of our Current Laws

IRS Warning Letters to Early BTC Buyers Illustrate the Utter Disarray of our Current Laws

The U.S. Internal Revenue Service (IRS) released a statement on Friday that an operation targeting those who traded or bought more than $20,000 worth of Bitcoin between the years of 2013 and 2015. A warning letter have been sent, or will be sent, to each individual that are in this list, strongly advising that those who may not have reported taxes properly or even filed at all to amend their taxes as soon as possible.

Another gimmick. Why go back half a decade to collect taxes? They’re being unable to cope with the present and want to further increase their load by pulling the strings that they were hardly bothered about only a year or two ago.

Also, congratulations on becoming a top writer on HackerNoon. Keep writing.