10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS By Jamie Redman On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS taskforce slide that shows alarming recommendations on how tax agents should investigate digital currency users. Through Compliance Efforts the Internal Revenue…

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Want To Abolish The Internal Revenue Service? See H.R. 25

Want To Abolish The Internal Revenue Service? See H.R. 25 By Catherine J. Frompovich For years everyone has been talking about getting rid of the Internal Revenue Service, which most folks think is next to impossible.  Well, think no more.  On January 3, 2019, twenty-six (26) members of the U.S. House of Representatives introduced H.R. 25,which is as long as a roll of wallpaper, that I don’t have the time to read. However, for those interested in that topic and getting their members of Congress to cosign on to it,…

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IRS to Revoke 362,000 Passports From US Citizens

IRS to Revoke 362,000 Passports From US Citizens By Simon Black, Sovereign Man About two and a half years ago, I told you about a particularly nasty piece of legislation that President Obama quietly signed into law towards the end of his administration. They called it the “FAST Act”, which stood for Fixing America’s Surface Transportation. Yet despite $300 billion earmarked for infrastructure repairs, they didn’t manage to fix very much of America’s surface transportation. The legislation did, however, have two major effects: 1) The FAST Act authorized the US government to…

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Consumer Alert Regarding IRS Phishing Scam Via Email

Consumer Alert Regarding IRS Phishing Scam Via Email By Catherine J. Frompovich Today I received an obvious phishing scam sent by someone posing as an IRS agent.  What I did was NOT open the link provided – supposedly about my tax return – but turned the tables on them.  I sent them a reply email, which told them they were a scam artist who belonged in jail and I cc’d the IRS on the same email. I received back from the real U.S. IRS an email acknowledging my phishing scam…

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