IRS Agents Says : $50,000 reward to show a law requiring to pay federal Income tax & 10,000 American Cryptocurrency Owners Will Receive Warning Letters (To Pay Taxes) From the IRS – JULY 28 2019

IRS Agents Says : $50,000 reward to show a law requiring to pay federal Income tax

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Published on Jul 18, 2012

Dear We The People: MOST CITIZENS ARE NOT REQUIRED TO FILE AN INCOME TAX RETURN THE 16TH (“INCOME TAX”) AMENDMENT TO THE CONSTITUTION IS A FRAUD IF YOU FILE, YOU WAIVE YOUR 5th AMENDMENT RIGHTS These are the major points expressed in a Remonstrance, that was hand delivered to leaders of the three branches of the federal government on April 13, 2000, by a group of citizen-delegates representing all 50 states. These grievances concern alleged illegal operations of the federal income tax system and the IRS. The Remonstrance was signed by thousands of citizens, and was delivered as part of an event sponsored by We The People Foundation for Constitutional Education, a not-for-profit corporation dedicated to research and education in matters of taxation & governance. THE MAIN PROPOSITIONS OF THE REMONSTRANCE ARE: 1) The 16th amendment to the U.S. Constitution (the “income tax amendment”) was fraudulently and illegally proclaimed to be ratified in 1913. Exhaustive legal research from both state and national archives documented conclusively that the amendment did not even come close to being legally approved by the required number of states. The Courts have refused to hear this issue. “[Defendant] Stahl’s claim that ratification of the 16th Amendment was fraudulently certified constitutes a political question because we could not undertake independent resolution of this issue without expressing lack of respect due coordinate branches of government….” U.S. v Stahl (1986), 792 F2d 1438 2) Filing a federal income tax return is, in fact, voluntary, because there is no statute or regulation that requires the vast majority of U.S. citizens to file and pay income taxes — or to have taxes withheld from the money they earn. Neither the IRS nor the Congress can cite an authorizing law or regulation. 3) Citizens cannot “voluntarily” file a federal income tax return without surrendering their 5th amendment right not to bear witness against themselves. You can be criminally prosecuted for your “voluntary” return. Robert Schulz, chairman of the Foundation, and Joseph Banister, a former special agent of the Criminal Investigation Division of the IRS (accompanied by a videographer) delivered copies of the Remonstrance to designated officials of the three branches. At the White House and the Capitol, the delegates had the opportunity to explain and discuss the contents of the Remonstrance, and to ask that the government send experts representing the three branches to a conference to be held in June, where those experts could debate the tax issues with a group of researchers invited by the Foundation. The officials agreed to the idea of having such a conference, and the Foundation scheduled the meeting for June 29th. 4 more Info http://www.givemeliberty.org/features…

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10,000 American Cryptocurrency Owners Will Receive Warning Letters (To Pay Taxes) From the IRS

Posted By: RumorMail [Send E-Mail]
Date: Sunday, 28-Jul-2019 12:28:25
www.rumormillnews.com

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 Service Has Collected 10,000 Names

The IRS media room has published a press release explaining that the government tax agency plans to send letters to Americans who own digital currencies. The organization’s announcement, published on Friday, says that the letters will be sent to taxpayers who have participated in virtual currency transactions or otherwise did not report past transactions properly. The IRS calls the letters of recommendation “educational” and started sending the notices last week. Through IRS “compliance efforts,” the tax agency has obtained the names of more than 10,000 Americans who will receive this correspondence.

“Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest, and penalties,” IRS Commissioner Chuck Rettig explained. “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.”

The Virtual Currency Compliance Campaign addresses individuals and businesses who don’t comply with the U.S. tax code by using “multiple treatment streams.” The IRS highlights that cryptocurrency compliance follows the “general tax principles applicable to all transactions in property.” The initial testing grounds for the campaign begins with the Withholding & International Individual Compliance unit led by Director John Cardone.
Enforcement Campaigns and the Promised Issuance of Guidelines Concerning the Tax Treatment of Digital Assets

The news follows the recent enforcement campaign the tax agency started in order to combat noncompliance. Through “outreach” and taxpayer “examinations” the IRS started the campaign by issuing educational resources, “audits, and criminal investigations.” The IRS recently announced that the tax agency would be issuing guidelines on the tax treatment of digital currencies. “[We] strongly urge the IRS to issue updated guidance, providing additional clarity for taxpayers seeking to better understand and comply with their tax obligations when using virtual currencies,” a group of bipartisan congressional leaders wrote to the IRS commissioner in September 2018.

“I share your belief that taxpayers deserve clarity on basic issues related to the taxation of virtual currency transactions and have made it a priority of the IRS to issue guidance,” Rettig wrote responding to the request.

News.Bitcoin.com spoke with Node40 CTO, Sean Ryan, last June and he said the issuance of the new guidance is long overdue. “New guidance will be forthcoming and will address specifically the three most talked about uncertainties: acceptable methodology for calculating cost basis, an acceptable methodology for assignment cost basis (FIFO, Specific Identification, etc.), and treatment of forks,” Ryan told our newsdesk. “I do believe it will be this year,” he added.


10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
Tax guidelines concerning the treatment of virtual currencies like bitcoin issued in Notice 2014-21..
Cracking Down on Noncompliance and the Tax Agency’s Ongoing Focus
Furthermore, over the last couple of years, various three-letter agencies like the IRS, FBI, and others have been prosecuting a slew of Americans for illegal money transmission, particularly traders who utilize the Localbitcoins.com exchange. On July 9, a slideshow created by IRS-CI cyber crimes program manager James Daniels was published online, and proposes draconian tactics to investigate crypto users. The slide suggests investigating a person’s social media accounts and questioning family members. If needed the agents can request a Grand Jury Subpoena in order to obtain records from Apple, Microsoft, and Google. When the New York Times (NYT) questioned an IRS representative about the educational letter situation, the agent declined to reveal where the tax agency received the names of the 10,000 individuals targeted. NYT also asked Coinbase if the IRS letter recipients stem from when the IRS compelled the company to forfeit data on 13,000 users. A Coinbase representative declined to comment on the subject.

 

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