What are the steps to take if you receive a cp2000 reconsideration notice related to cryptocurrency earnings?

1 answers

• SAMEER DarFeb 27, 2021 · 4 years ago
  Receiving a cp2000 reconsideration notice related to cryptocurrency earnings can be stressful, but it's important to take the necessary steps to resolve the issue. The first thing you should do is carefully review the notice and understand the specific concerns raised by the IRS. Next, gather all relevant documents and records to support your case. This may include transaction history, receipts, and any other evidence of your cryptocurrency earnings. Once you have all the necessary information, you should respond to the notice within the given timeframe. It's advisable to consult with a tax professional who has experience with cryptocurrency taxation to ensure that you provide a comprehensive and accurate response. Remember to keep copies of all correspondence with the IRS for your records.
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