August 15, 2019 IRS sends individualized ‘C2000’ notices to crypto users stating specific amounts owed in outstanding crypto-related taxes

The amounts reflect discrepancies between income reported by the individuals and information obtained by the IRS from third parties, such as 1099-K forms filed by exchanges. These notifications follow earlier, non-personalized warning letters sent to 10,000 crypto users in July. Those wishing to dispute these charges must reply within 30 days.