IRS Adds Crypto to Voluntary Disclosure Program
Revised guidelines create a clear pathway for those with criminal concerns regarding unreported cryp [...]
Tag: Tax Penalties
View All Blog Posts >
What is the Trust Fund Recovery Penalty?
The Trust Fund Recovery Penalty (TFRP) allows the IRS or a state tax board* to hold individuals pers [...]
How Far Back Can the IRS Audit You?
Normally, the IRS can go back 3 years to audit you, but they can sometimes go back 6 years or indefi [...]
What is Sales Tax Nexus?
Failing to keep track of your sales tax nexus can lead to massive tax bills from multiple states.
IRS Removes an Option to Correct Foreign Reporting Errors
The IRS recently removed one of four options to correct foreign-based reporting omissions. The Delin [...]
California Is Hunting for Income Tax from Out-of-State Sellers
Does your ecommerce business sell to customers in California? Then you may receive a notice from the [...]
Did You Receive IRS Letter 6174, 6174-A, or 6173?
If you received an IRS crypto warning letter, you should call us sooner rather than later.
IRS Letter 6174-A: Uncle Sam is Officially on the Hunt for People Not Properly Reporting Crypto Transactions
Not to be those people…but we told you so. Cryptocurrency Tax Letter 6174-A: IRS on the Hunt for V [...]
You’ve Been Warned: The IRS Is On The Hunt for Crypto Tax Evaders
Gary “Silk Road Sheriff” Alford was instrumental in catching online drug cartel kingpin Ross Ulb [...]