Bitcoin Investor Caution: Scammers Using Fake IRS Letters Targeting Crypto Users

Fake letters purportedly from the US Internal Revenue Service are doing rounds with scammers targeting crypto users in efforts to con them their funds.

Forbes reports that scammers are using fake letters and taking advantage of the public’s poor grasp of the official IRS correspondence. The fake letters are attempting to solicit for payments and includes threats of arrest and others in case of failure to pay.

The scammers claim that IRS has issued a warrant against the recipient after failing to pay their tax dues. Further, according to the letter, failure to pay the dues immediately could lead to an arrest as well as other criminal actions.

Other fake letters have used true information that is connected to a recipient’s actual tax debts like liens filed against them which enhances their false claims. However, Forbes notes that tax-related data like liens are always publicly available and, as such, the public has no basis to trust the letters.

One letter has warned the recipient that he risks being arrested if he does not pay his tax dues to the ‘ Bureau of Tax Enforcement’ which is a fake agency that the IRS has warned the public against.

Other than the letters, the fraudsters are also using other means like phone calls to individuals. Forbes notes that IRS does not use phone calls to demand tax arrears neither does it use threats in writing to tax defaulters.

Forbes cautions the public to be extra vigilant with such letters and look out for specific aspects like official government envelope, IRS seal as well as the tax ID number.

The emergence of fake IRS letters comes days after the agency started sending letters to crypto holders to ascertain their tax returns requirements and in some cases demand taxes to defaulters.

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