But these are the warning letters regarding their savings , their investments in bitcoins.
It is something that is good to do since most people used to get away from taxes by investing in bitcoins therefore the government is just making sure that it is not misused in any way , I do think this is actually right to do.
Other people holding bitcoins and the ones giving taxes on time don't have to think about it.
Also it is not warning letters , it's more like asking them to follow the law and order.
No, has nothing to do with their savings. It has to do with profits from buying and selling.
As of now, I have asked the same question in many of the threads that have been created about this and nobody can answer this 1 simple question:
Back in 2018 when Coinbase supplied the IRS with 13k or so users who had trades that were at or above certain thresholds.
They let all those people know that they gave their info to the IRS.
Has ANYONE who has received one of IRS letters NOT BEEN part of the group who got the notification from Coinbase.
If you have THAT is important information. Other than that it's just noise FUD
-Dave