Miami Crypto Cpa

If you received a CP2501 Notice, that means the information reported to the IRS by third parties does not match the information you reported on your tax return. This often indicates that one of your cryptocurrency exchanges reported information about you to the IRS, but you didn’t include this cryptocurrency income on your tax return.

Notice CP2501 doesn’t state how much tax the IRS believes you owe but it can be followed by a Notice of Deficiency if you don't act promptly.

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

If you’ve received this cryptocurrency letter from the IRS, don’t delay. Call (847) 580-1279 now to get assistance from our experienced tax lawyers!

If you receive a CP2000 notice, immediately contact our crypto tax attorneys. Unlike other IRS cryptocurrency letters, the CP2000 specifies the amount the IRS believes you owe, including interest and penalties.

Fortunately, for cryptocurrency investors, that figure is typically inaccurate. We can assist you in responding to this notice and, in most cases, demonstrate that you actually owe much less. We've even had clients whose losses resulted in a refund!

But you need to act fast 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 will become final. Contesting this notice past the deadline becomes increasingly difficult (and expensive). To avoid alarm, once a tax balance is assessed, the IRS can implement many collection strategies, such as garnishing wages, levying assets, and placing a lien on your home.

Contact us today to address this problem promptly!

Have you received Letter 6323 from the IRS? That signifies a tax audit is approaching, and your cryptocurrency investments could complicate the process. Although Miami Crypto Cpa has been practicing cryptocurrency tax law since 2014, most tax professionals—including IRS audit examiners—are still striving to catch up in this intricate field.

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

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

This is the final warning before the IRS begins drastic collection measures for unpaid tax debt (including cryptocurrency tax debt). Ignoring the letter could result in the IRS placing a lien on your house or car, contacting your employer to garnish wages, legally taking control of your cryptocurrency holdings, or even seizing funds directly from your bank account.

But it’s not too late to prevent these scenarios. If you’ve received this IRS cryptocurrency letter, contact our experienced attorneys now and we'll guide you through the Due Collections Process to tackle the problem. Let’s turn that imminent tax debt into a thing of the past!

Many cryptocurrency investors may receive a CP518 Notice due to unfiled tax returns. Failing to respond often means the IRS will prepare the tax return for you, known as a Substitute For Return, based on available information.

For crypto traders, that’s often problematic: The information reported to the IRS by third-party sources generally inflates your capital gains, leading to a higher tax bill.

If you receive IRS Letter CP518 and seek help filing your tax returns accurately—including a comprehensive crypto tax report to confirm the correct capital gains amount—contact the skilled tax attorneys at Miami Crypto Cpa!

Letter 6174 and 6174-A

If you’ve received Letter 6174 or 6174-A and you're uncertain you've met your filing obligations, you're advised to amend past tax returns and accurately report your cryptocurrency activity in the future.

These IRS cryptocurrency letters are viewed as soft notices to presumed investors in virtual currency. Letters 6174 and 6174-A suggest that the IRS suspects you have unreported cryptocurrency activity. Although these letters don't require a response, they do notify you that the IRS is attentive.

Interested in discussing your IRS risk with a cryptocurrency tax attorney? Call us at (847) 580-1279 for a confidential consultation!

Letter 6173

IRS Letter 6173 demands a response. This warning letter suggests that the IRS believes you have had cryptocurrency that wasn't properly reported on your tax returns. It also notes that you could be referred for an examination (meaning a cryptocurrency tax audit) if you don’t respond by the deadline.

If you receive IRS Letter 6173, contact our crypto tax attorneys immediately. We'll start working promptly to correct any reporting errors and resolve your situation before the IRS escalates to an audit!