The IRS will audit Cryptocurrency and Conservation Easements. Get help NOW

The IRS views crypto as property, not currency, which means that mining, selling, exchanging, or spending your coins are all taxable events that you need to report. Cryptocurrency and Bitcoin taxes are a tricky field to navigate. Even today, IRS guidance remains quite vague, and many CPAs don’t know how to properly file crypto taxes. However, despite confusing or unclear guidelines, the IRS has made it very clear they want you to report your crypto. EASEMENT AUDITS The Internal Revenue Service (“IRS”) is providing settlement opportunities for taxpayers who have participated in syndicated conservation easement or micro-captive insurance transactions. They have viewed these transactions as abusive and have made it a priority to identify and audit taxpayers that have claimed tax benefits for participation in these transaction. The IRS has been very successful in Tax Court of late, and as a result, the Service is providing taxpayers a path to resolution that can reduce penalties and costs of litigation. Google Lance Wallach and your advisor. Who do you trust? Contact Lance and his team of experts before it's too late. 516-236-8440 Wallachinc@gmail.com