Sell your shitcoins, pay your tax bill. Whatever is left put in bitcoin and don't touch the hot stove again.

you made a huge mistake trading your strongest marbles for weaker ones at high frequency looking for quick riches, but you're not alone. 99.5% of retail is people like you, I blame it on lack of education, experience and constant shitcoiner bitcoiner influencers social media hyping up trading FOMO to make big money only to lose everything and then some more with insane volatility. You can work with IRS officers to come up with a payment plan that works for both of you and move on with life. Over time in 5-10yrs your portfolio will increase again if u HODL btc as that seems to be the only most probable multigenerational opportunity, 98% of the world is not in yet. shitcoin trading or bitcoin trading i'd stay away from, just pay off irs and little savings put in Roth IRA and sleep well at nite, wish u all the best and stay positive mentally.

Try and settle with irs for less than the 50k ( not uncommon they will take less ), sell shitcoins to pay once amt finalized. Then sell the rest of your shitcoins, buy btc p2p no kyc. Dont worry about the mistakes made, just get yourself on the path to the new.

You might be able to get out of it by reading their own laws and learning to read through the sneakiness. Personally, I wouldn't pay anything yet, otherwise you have validated the debt and then you HAVE to pay it. Quick note: 26 USC 6065 says that for their 'bills' to be valid, they must sign it under penalty of perjury. Do they do that? NOPE. Because no agent is going to stick his/her neck out for that.

26 USC 7701(a)(1): The term "person" shall be construed to mean and include an individual, a trust, estate partnership, association, company or corporation.

Reading this through the lens of ejusdem generis which is a part of statutory construction, the term 'individual' must be in the same class as the other terms listed, which are commercial entities. i.e. not a man/woman

26 USC 7701(a)(14): The term "taxpayer" means any PERSON subject to any internal revenue tax.

As we saw above, you are not included in that definition of person.

26 CFR 1.441-1(b)(8): Taxpayer has the same meaning as the term PERSON as defined in section 7701(a)(1) (e.g., an individual, trust, estate, partnership, association, or corporation) rather than the meaning of the term taxpayer as defined in section 7701(a)(14) (any person subject to tax).

Self explanatory.

26 USC 7343: The term “person” as used in this chapter includes an officer or employee of a corporation, or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.

Self explanatory.

As in the link above, sometimes all it takes is reading the tax code and sending them a letter for them to realize, "Oh shit. This isn't a regular monkey I'm dealing with." And get yourself no tax liability because YOU ARE NOT A TAXPAYER as you just saw from their own definitions.

If you send them letters, KEEP COPIES OF EVERYTHING, send it certified mail, return receipt. This isn't hard, but people have been brainwashed into believing that the IRS has tons of power because you only ever hear about idiots who just stop paying altogether without knowing what they're doing.

If all of the above is not something you're willing to do, you could try to do their "Offer in compromise" which is one of their forms to try to get them to let you settle the debt for less, but it's up to them. Using this form is continuing their presumption of your taxpayer status.