Your story can change the law

We are working to pass H.R. 9500, the Tax Relief for Fraud Victims Act, and to win a voluntary disclosure path for taxpayers who fell behind. The strongest evidence we can put in front of a congressional office is the experience of the people current law is failing.

You would not be alone. The FBI’s 2024 Internet Crime Report counted $9.3 billion in reported losses referencing cryptocurrency in a single year — a 66 percent increase, with people 60 and over the largest group of victims. Congress has seen that number. What it has not heard enough of is what the tax bill afterward did to the people behind it.

One story, in full

A stay-at-home mother in North Carolina was looking for flexible work she could do from home. She found a platform that paid her for completing small online tasks — and it did pay, at first. Then the rules changed: to unlock higher earnings and keep her membership active, she had to make deposits in cryptocurrency. She cashed out her 401(k). She took cash advances on credit cards. She took out a personal loan. By the time she understood the platform was a fraud, more than $110,000 was gone.

Then the second bill arrived. Because the stolen money had passed through her retirement account on its way to the scammers, the IRS assessed ordinary income tax plus a 10 percent early-withdrawal penalty on the 401(k) distribution — tax on income that no longer existed, owed by a person the theft had left with nothing to pay it with. Under current law, that result is not a mistake. It is the rule H.R. 9500 exists to change.

Told as our founder published it in Scammed by the Scammer, Then Billed by the IRS (June 2026), from his tax practice. No identifying details were ever disclosed, and none appear here.

Your story is the evidence

Sharing that experience should never cost you your privacy. So consent works in two stages, and you control both.