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IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto
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America’s central tax body, the Internal Revenue Service (IRS) has stated that it expects crypto worth billions of dollars could be seized again next year.
Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as stating:
“I expect a trend of crypto seizures to continue as we move forward into the fiscal year [FY] 2022. We’re seeing crypto involved in a number of our crimes as we move forward.”
Lee was speaking after an IRS annual report revealed that the IRS had seized a cool USD 3.5bn
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