[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.7K followers Created: 2025-06-28 12:00:01 UTC Thousands of U.S. crypto investors are receiving IRS warning letters, signaling a major push to enforce tax compliance before new rules take effect in 2026. CoinLedger CEO David Kemmerer says IRS letters targeting crypto users have surged XXX% in the past two months. This comes ahead of the new 1099-DA form, which will require crypto brokers to report gross proceeds and cost basis for digital asset sales. The new rule will give the IRS a clearer view of investor profits and losses. As a result, more investors are being contacted, even those who believe they’ve filed correctly. The IRS sends different types of letters. Letter 6174 is educational and requires no action. Letter 6174-A suggests potential underreporting. Letter 6173 is more serious and demands a response. CP2000 is the most severe, proposing a tax adjustment with a 30-day deadline. Even compliant investors can be flagged. Wallet-to-wallet transfers, which aren’t taxable, often lead to cost basis errors and misreporting. CoinLedger says most recipients aren’t trying to evade taxes. Many simply made mistakes, often from active trading years like 2021. If you receive a letter, gather your records. If needed, amend returns or consult a tax professional—especially if you get Letter 6173 or CP2000.  XXXXX engagements  **Related Topics** [tax bracket](/topic/tax-bracket) [Post Link](https://x.com/Benzinga/status/1938930384227508470)
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Benzinga @Benzinga on x 305.7K followers
Created: 2025-06-28 12:00:01 UTC
Thousands of U.S. crypto investors are receiving IRS warning letters, signaling a major push to enforce tax compliance before new rules take effect in 2026.
CoinLedger CEO David Kemmerer says IRS letters targeting crypto users have surged XXX% in the past two months. This comes ahead of the new 1099-DA form, which will require crypto brokers to report gross proceeds and cost basis for digital asset sales.
The new rule will give the IRS a clearer view of investor profits and losses. As a result, more investors are being contacted, even those who believe they’ve filed correctly.
The IRS sends different types of letters. Letter 6174 is educational and requires no action. Letter 6174-A suggests potential underreporting. Letter 6173 is more serious and demands a response. CP2000 is the most severe, proposing a tax adjustment with a 30-day deadline.
Even compliant investors can be flagged. Wallet-to-wallet transfers, which aren’t taxable, often lead to cost basis errors and misreporting.
CoinLedger says most recipients aren’t trying to evade taxes. Many simply made mistakes, often from active trading years like 2021.
If you receive a letter, gather your records. If needed, amend returns or consult a tax professional—especially if you get Letter 6173 or CP2000.
XXXXX engagements
Related Topics tax bracket