Can The IRS Seize Your Bitcoin?

by | Sep 13, 2021 | Business, Money | 0 comments

This video discusses whether the IRS can seize your Bitcoin, and other issues surrounding U.S. cryptocurrency tax policy. Bitcoin is currently taxable as property in the US. If you leave your Bitcoin on an exchange or store your Bitcoin private keys in the cloud, the IRS can certainly seize your Bitcoin. Otherwise, they are powerless to seize your Bitcoin, unless you hand over your private keys to them. If you out-hold the IRS and US government, you may not owe taxes.

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