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What is IRS Letter 6173?

 

IRS Letter 6173 is a serious IRS notice sent to taxpayers who may have failed to report cryptocurrency transactions. Unlike the softer 6174 and 6174-A letters, this one demands action. You must either confirm compliance or file/amend your returns. If you ignore it, the IRS may initiate an audit or enforcement proceedings.

White envelope on navy background with bold red stamp reading “IRS LETTER 6173 – IMPORTANT: IRS NOTICE ENCLOSED.”

What is IRS Letter 6173?

White envelope on navy background with bold red stamp reading “IRS LETTER 6173 – IMPORTANT: IRS NOTICE ENCLOSED.”

IRS Letter 6173 is a serious IRS notice sent to taxpayers who may have failed to report cryptocurrency transactions. Unlike the softer 6174 and 6174-A letters, this one demands action. You must either confirm compliance or file/amend your returns. If you ignore it, the IRS may initiate an audit or enforcement proceedings.

Get Help!

Why the IRS May Already Have Your Crypto Records?

Crypto traders, beware, this letter means the IRS has records of your crypto activity. The records may have been obtained from exchanges or blockchain analysis.

What to do next:

Minimal navy line icon of a folder with dollar sign and Bitcoin symbols, representing financial documents for IRS Letter 6160.

1: Review your tax returns for the year(s) in question

Minimal navy line icon of a calendar with a small clock, symbolizing IRS letter response deadline.

2: If needed, amend your returns to include crypto gains/losses

Minimal navy line icon of a document with warning triangle, symbolizing incomplete or inaccurate IRS submission risk.

3: Respond to the letter with documentation or the requested certification

When to Seek Professional Help

CryptoTaxAudit can guide you through the OIC process, help reduce your tax burden, and avoid rejections due to technical errors or missing data.

Get Help!

Additional Resources

Voluntary compliance letters
IRS Letter 6173 (Official PDF)
Split-screen image with a dark, intense theme. On the left, bold text reads: “IRS Letters 6173, 6174, 6174-A Explained: Essential Info for Crypto Traders and Investors,” followed by smaller text: “Learn how to respond to protect your taxes!” On the right, a dramatic scene shows three IRS agents in tactical gear fishing from a boat, their glowing eyes fixed on a massive crypto whale marked with Bitcoin, Ethereum, and dollar symbols. The water is filled with floating IRS letters labeled 6173, 6174, and 6174-A, symbolizing the IRS targeting large crypto holders.
Video Poster Image
The image is a compelling and dramatic portrayal of the caution needed when dealing with IRS Letter 6173, as advised by "CryptoTaxAudit." The scene features a towering, menacing figure highlighted in an electrified, stormy background, holding an IRS letter marked "6173" directed at crypto owners. The image's headline, "IRS Letter 6173 Warning: DO NOT Sign Without Reading This!" is prominently displayed at the top, emphasizing the critical message. Below, additional text warns, "Beware IRS Letter 6173! This intimidating notice targets crypto investors. Don’t sign without consulting a tax pro to protect your rights and finances." The setting conveys a strong visual metaphor for the stress and urgency that the letter might evoke in recipients, encouraging them to seek professional advice before proceeding.
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