IRS Alert Regarding Fake Letters to Cryptocurrency Holders

The IRS issued a warning on July 30, 2026, about a new scam targeting individuals who own cryptocurrency. Unlike many tax-related scams that arrive by email or text message, this scheme uses official-looking letters delivered through the mail.

According to the IRS alert, “Victims receive what appears to be an official IRS letter claiming they must enroll in a “Digital Asset Compliance Portal” before a deadline. The letter instructs them to scan a QR code that directs them to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet information, exchange account credentials, or other sensitive data that criminals can use to steal identities or digital assets.”

The fraudulent website is designed to resemble IRS.gov and may request personal information, cryptocurrency wallet details, exchange account credentials, or other sensitive data. Criminals can use this information to steal identities, access accounts, and potentially transfer digital assets.

As scams continue to evolve, remember that criminals are becoming increasingly sophisticated in how they impersonate trusted organizations. Whether the communication arrives by email, text message, phone call, or traditional mail, taking a moment to verify its authenticity can help protect both your identity and your assets.

If you receive a letter urging immediate action about your cryptocurrency holdings, the IRS recommends the following:

• Don’t scan QR codes from unsolicited letters, emails, or text messages, especially those claiming to be from a government agency.
• Hang up if someone claims to be from a government agency and asks for payment or personal information. Contact the agency directly using information from its official website.
• Slow down and verify the situation; scammers create false urgency to push victims into quick decisions.
• Protect your personal and financial information, especially in response to unsolicited messages. Never share wallet recovery phrases or private keys.
• Consult a trusted family member, financial advisor, or attorney before sending money or making major financial decisions.
• Monitor financial accounts regularly and report suspicious activity immediately. Enable multifactor authentication on accounts.
• Be cautious of new online acquaintances and verify identities before engaging further.
• Report suspicious IRS-related communications immediately.

For more information and a link to submit a tip regarding a fraud scheme to the IRS, click here.

For more tips and action recommendations to protect your Personal Identifying Information, click here.

Should you need clarification or have questions on this or other matters affecting you or your business, please call 215.675.8364 or email us to speak with a CPA today.

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