Travis Thompson comments in “IRS Crypto Enforcement Success Wave Keeps Breaking” for Tax NotesMarch 2022
By Nathan J. Richman
March 7, 2022
The IRS has gone from seizing hundreds of thousands of dollars’ worth of cryptocurrency to setting successive records with seizures in the billions of dollars in just a couple of years, according to an IRS official.
In fiscal 2019 the IRS seized $700,000 worth of cryptocurrency, but that number jumped to more than $100 million the next year and has been in the billions for the past two years, Jarod J. Koopman of the IRS Criminal Investigation division said March 4.