Several tax experts say that thousands of investors have received notices over the last two months, far more than in previous years. Crypto tax lawyers Jordan Bass and Andrew Gordon say they're seeing ...

The notices tell crypto owners that the IRS has information that the recipients have “one or more accounts containing virtual currency.” In two versions of the letter, the tax agency merely ...

The IRS Final Notice of Intent to Levy is a critical notification that taxpayers should not ignore. This formal notice is the last step before the IRS can legally seize assets to satisfy a tax debt.

The Tax Law Center at New York University Law has recommended repealing or amending the qualified small business stock provisions of the tax code—known as section 1202—to prohibit this gifting of ...

Letters affecting about 20 million taxpayers will be redesigned for the current 2024 tax season. Werfel said the goal is to cover 90% of all notices sent to taxpayers by next year's filing season.

Each year, the IRS sends out millions of notices, many of which fall into a few predictable categories. Clear Start Tax helps taxpayers recognize the letter type, understand its intent, and know ...