The Unprecedented Attack on Attorney-Client Privilege
“This isn’t just about Bitcoin or taxes,” Barnes explains in his detailed analysis. “They’re establishing that they can put you in prison and create new tax policy through criminal law enforcement against individuals, even when you’ve followed expert advice to the letter.”
Consider the timeline that Barnes lays bare:
2014: Ver faces the challenge of valuing Bitcoin for his exit tax
The largest Bitcoin exchange (Mt. Gox) had just collapsed
No clear valuation guidelines existed
The IRS itself admitted they couldn’t determine how to classify Bitcoin
Even basic questions about cryptocurrency taxation remained unanswered