The IRS requires that taxpayers report all cryptocurrency income on their taxes, but many taxpayers do not fully understand what that even means. In addition, many taxpayers do not even know that they are required to pay tax liability on their crypto income, which means the income goes unreported. Unreported crypto income in San Diego is a serious issue and can cause not only an audit by the IRS, but it can come with some harsh penalties and liabilities.
Taxable crypto income can be confusing and knowing which income needs to be reported may feel overwhelming to you. At Leading Tax Group, our crypto tax experts are here to assist you. We will provide you with the one-on-one assistance you need to ensure your taxes are filled out correctly and that your crypto income has been properly claimed and reported.
If you have any unreported crypto income or you have questions about what crypto income is and whether you should claim it, give our team a call today.
Being selected for an audit due to unreported crypto income is serious in nature and should never be ignored. In fact, if you have received a notice of an audit, it is in your best interest to call Leading Tax Group immediately. The IRS has taken a firm stance on unreported crypto income, and you can face not only financial penalties, but criminal penalties as well. The IRS does not mess around when it comes to unreported crypto income, and neither should you.
If you currently have unreported crypto income, you need to work with a tax professional very closely. The experts at Leading Tax Group understand how to handle situations of unreported crypto income. We will get your crypto tax situation under control and handled for you.
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Our experts will educate you in the mistakes made previously to help avoid getting into a similar mess in the future.
Headquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
Whether you are new to crypto or you have been investing in it for years, we are here to help you. Call Leading Tax Group today to schedule a free consultation and to get help with your unreported crypto income in San Diego.
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