Being contacted by IRS criminal investigators can be alarming. Unlike routine IRS audits or tax collection matters, contact from the IRS Criminal Investigation Division (IRS-CI) often means the government suspects potential tax fraud or another criminal tax violation. If IRS special agents reach out…
The IRS has the ability to pursue you for back taxes, and they can assess penalties and interest. Beyond that, the IRS has the ability to conduct its own criminal investigation. Depending on the results, the IRS may refer you…
Since cryptocurrencies are still relatively new, the rules that govern tax reporting of your transactions and gains or losses are in flux. Nevertheless, you must comply with all of the current rules, as you are tasked with understanding regulations before…