<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
I just joined coinbase and made a lot of money.  But now I owe taxes
<|assistant|>
In some cases, your profits from virtual currency transactions may be subject to federal tax laws. If it is determined that you owe federal income tax on your virtual currency gains, Coinbase will provide the necessary information to the IRS. You may then be responsible for paying the taxes due. As always, it is important to review the specific rules and guidelines concerning the tax implications of cryptocurrency with a professional tax advisor.