December 17, 2020

If so, IRS is proactively going after persons who have not filed income tax returns for multiple years. If you are making $100,000 or more in a given year, the risk is substantially higher. Read this article from the IRS SB/SE Division. The challenge with nonfilers is that with every year that goes by, they […]

Last week, the IRS began sending educational letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly. There are three versions of the letter, all of which aim to help these taxpayers understand their tax obligations