Quote from: pakhitheboss on June 20, 2020, 02:50:08 PM

Cryptocurrency is already under the scanner of government agencies. They have associated it with everything which is illegal.
If they need to sell their crypto assets then they should otherwise, the tax agency would suggest the government that cryptocurrency is a new illegal way for them to abet tax.

Really?
How the fuck would be crypto illegal in the US when even in this case alone they recognized the value of a crypto investment?
They are paying their taxes and the IRS has recognized that those cryptos they hold (whatever they have) are valuable in terms of $

What the hell is illegal?
Damn, why do people jump so fast to a conclusion that's always the evil gubbermint that is to blame?

Quote from: squatter on June 25, 2020, 06:48:17 AM

They essentially used the IRS as a backer for their investments. Now the IRS wants their money. They'll get it too. Legally, the couple has no legs to stand on. The IRS can approve or deny payment plans at their discretion. If a taxpayer doesn't pay on time and the IRS doesn't approve a payment plan,

Yeah, surprisingly it's not the IRS that's doing any kind of abuse here it's the ones not paying their taxes.
You can argue taxes are not fair, you can argue that cryptos shouldn't be taxed but here we're talking about liability from 2017, which,

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They did not check the box indicating that they could not pay the balance, and they did not dispute their underlying liability for 2017.

They are sitting on 7 millions of cryptos value they don't want to sell their 1 million debt but they wanted an installment plan for

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On July 24, 2018, petitioners sent the IRS via certified mail a Form 9465, Installment Agreement Request, proposing to pay their 2017 tax liability in installments over a six-year period.

Not only that but they're were withdrawing money on a monthly bases

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During the conference the SO noted that petitioners were currently withdrawing $19,000 per month from their cryptocurrency account, and she
asked why they could not liquidate or borrow against those assets in order to discharge their tax liability in full.

Let's assume you were the IRS, someone has 7 times the debt they've own you for 4 years at their disposal, what would you do?
Agree on 6-year plan in which the only guarantee you have to actually get paid is that is someone telling you those coins might increase in value, or ask them to liquidate now and pay their debts?