TAXPAYER FACING 2 YEARS IMPRISONMENT FOR FILING FALSE TAX RETURNS INVOLVING CRYPTOCURRENCY INCOME AND INTEREST RECEIVES PROBATION

U.S.A. v. Walters, (U.S.D.C.) the defendant was charged in federal court with multiple counts of filing false income tax returns as a result of his failure to report his cryptocurrency earnings and interest income on his federal tax returns. He faced a guideline sentence of 18-24 months imprisonment based upon the tax loss to the government. Ms. Lefeber was able to demonstrate his extraordinary acceptance of responsibility as well has his strong leadership and commitment to his coworkers, family and community. Ms. Lefeber also brought the nuances and complexities of the federal income tax reporting requirements for cryptocurrency to the Court's attention to demonstrate that the defendant was an otherwise very law abiding, responsible citizen. As a result, the defendant received a sentence of probation.