If you’ve been contacted by the IRS about unreported cryptocurrency income and unpaid taxes, no need to stress. Our experienced crypto tax attorneys are here to help.
The IRS Crackdown on Unpaid Crypto Tax
With the rise of cryptocurrency investing over the past few years, the IRS has started to focus on crypto earnings and has ramped up its efforts to make sure taxes are collected from crypto gains.
If you invest in cryptocurrencies such as Bitcoin or Ethereum, you must report this on your tax return, recognize a gain or loss, and pay taxes due. The IRS uses data analytics to identify taxpayers who failed to report cryptocurrency income. Crypto exchanges such as Coinbase also issue 1099’s and report your transaction activity to the IRS.
If the IRS has identified you as having unreported cryptocurrency income and unpaid taxes, it’s best to speak with an experienced tax lawyer to evaluate your choices and to represent you.
At Wiggam Law, our experienced crypto tax attorneys can help.
Our trusted Crypto Tax attorneys treat you like family
The market is changing, and we know that figuring out how to properly report your cryptocurrency on your taxes can be confusing. Dealing with crypto tax issues doesn’t make you a bad person – it just makes you one of many people who need help. At Wiggam Law, we treat every client like family, which means we are here to help guide you through the mess, judgment-free.
Our tax lawyers have the hands-on experience with the IRS to solve your crypto tax issues.
Wiggam Law Cryptocurrency Tax Services
- Cryptocurrency tax audit defense
- Crypto tax defense against unreported crypto
- Preparation of cryptocurrency tax gain / loss reports
- File or amend crypto tax returns for previous years
- Respond to IRS notices and letters
Don’t wait to address Crypto Tax issues
If you invest in cryptocurrency and have questions related to taxable gains and income tax filings, please contact the experienced crypto tax attorneys at Wiggam Law. We will evaluate your situation and recommend a course of action, as well as represent you before the IRS, and other state taxing authorities, if need be.