Members-only forum — Email to join

Crypto Tax Question — IRS audit letter for crypto

Started by help_me_renter_WA · Dec 16, 2024 · 1,397 views · 12 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
HM
help_me_renter_WA OP

Looking for advice on a legal issue. Here's what happened.

IRS audit letter for crypto. I've been dealing with this for about 10 weeks now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Should I hire a lawyer for this or try to handle it myself?

PB
PatentAgent_Boston

I've seen this play out several times in my field.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

JC
just_curious_worker_WA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

AD
anon_driver_2023

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

CF
confused_freelancer_CA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FB
frustrated_business_owner_TX

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FR
frustrated_renter_help

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

NB
newbie_business_owner_WA

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.

I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.

AT
anon_trader_CO

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

JC
just_curious_student_IL

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

RE
RemoteWorker_EU

I've dealt with this before.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

LT
LandlordTom_TX

I went through almost the exact same thing.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

Want to participate in this discussion?

Email owner@terms.law to request access