Did you receive an IRS Notice of Deficiency in the mail? What is an IRS Notice of Deficiency and is this important? If you have received an IRS Notice of Deficiency you are facing immediate modification of prior tax returns, and exposure to IRS collection tactics. The IRS Notice of...
IRS Establishes an Enforcement Initiative for Cryptocurrencies
Those who have invested in Bitcoin and other virtual currencies should take heed as the IRS establishes an enforcement initiative for cryptocurrencies and how US taxpayers report these on all tax returns. The IRS believes millions of transactions involving US taxpayers have occurred with exchanges such as Coinbase, and is...