Ethereum Tax Attorney Austin

If you received a CP2501 Notice, it means the information reported to the IRS by third parties doesn't match the data you reported on your tax return. In crypto cases, this often means that one of your cryptocurrency exchanges reported information to the IRS, but you didn't include this cryptocurrency income on your tax return.

Notice CP2501 doesn't state the tax amount the IRS believes you owe, but it may be followed by a Notice of Deficiency if you don't act quickly.

Responding promptly to your CP2501 Notice is crucial for a favorable resolution.

If you've received this IRS cryptocurrency letter, don't delay. Contact us for assistance from our experienced tax lawyers!

If you've received a CP2000 notice, don't delay contacting our crypto tax attorneys. Unlike other cryptocurrency IRS letters, the CP2000 states the amount the IRS believes you owe, including interest and penalties.

The good news? For cryptocurrency investors, that figure is often incorrect. We can help you respond to this notice and, in many cases, demonstrate that you owe far less. We've even had clients whose losses resulted in a refund!

But you must act swiftly before the proposed debt becomes final and the IRS initiates collection measures.

The IRS crypto letter CP2000 includes a response deadline. If you don't respond in time, the IRS's proposed amount becomes final. It becomes increasingly challenging (and costly) to contest this notice after the deadline. To avoid alarm, once a tax balance is assessed, the IRS can take many steps to collect, such as garnishing wages, levying assets, and placing a lien on your home.

Contact us today to address this issue promptly!

Received Letter 6323 from the IRS? It means a tax audit is imminent, and your cryptocurrency investments might complicate matters. Although Ethereum Tax Attorney Austin has practiced cryptocurrency tax law since 2014, many tax professionals—including IRS audit examiners—are still catching up to this complex field.

Learn more about cryptocurrency audits and how we can assist, or contact our tax attorneys now for a confidential consultation. We've aided hundreds of clients with complex audits!

If you receive Notice CP90 from the IRS, there's no time to waste; call our tax attorneys immediately at (847) 580-1279 to prevent the IRS from seizing your assets!

This is the final warning before the IRS commences severe collection measures for unpaid tax debt (including cryptocurrency tax debt). If ignored, the letter could lead the IRS to place a lien on your house or car; contact your employer to start garnishing wages; legally seize control of your cryptocurrency holdings; or even withdraw funds directly from your bank account.

However, it's not too late to avert these worst-case scenarios. If you've received this IRS cryptocurrency letter, contact our experienced attorneys now, and we'll guide you through the Collections Process to address the issue. Let's transform that looming tax debt into a thing of the past!

Many cryptocurrency investors may receive a CP518 Notice for unfiled tax returns. Failing to respond usually results in the IRS preparing a tax return for you based on available information, called a Substitute For Return.

For crypto traders, that's typically very concerning: The data reported to the IRS by third-party sources often exaggerates your capital gains, causing a higher tax bill.

If you receive IRS Letter CP518 and need assistance filing your tax returns correctly—including a complete crypto tax report to prove the correct capital gains amount—contact the experienced tax attorneys at Ethereum Tax Attorney Austin!

Letter 6174 and 6174-A

If you've received Letter 6174 or 6174-A and aren't 100% certain you've met your filing obligations, it's wise to amend past tax returns and report your cryptocurrency correctly moving forward.

These IRS cryptocurrency letters are soft notices to suspected virtual currency investors. Letters 6174 and 6174-A suggest the IRS believes you have unreported cryptocurrency activity. These letters don't require a response but alert you that the IRS is watching.

Wish to discuss your IRS risk with a cryptocurrency tax attorney? Call us at (847) 580-1279 for a confidential consultation!

Letter 6173

IRS Letter 6173 requires a response. This warning letter indicates the IRS suspects undeclared cryptocurrency activity on your tax returns. It also states you may be referred for an examination (cryptocurrency tax audit) if you don't respond by the deadline.

If you receive IRS Letter 6173, contact our crypto tax attorneys right away. We'll act quickly to fix any reporting errors and get things settled before the IRS escalates to an audit!