IRS CP2501: How to Respond to the CP2501 Crypto Letter
Did you get a CP2501 letter from the IRS? The amount listed may not be correct. Discover what you should do with this notice!
July 28, 2021
News, Resources, & Legal Tips
Blog Categories
Looking for a specific post?
Recent Blog Posts
Coinbase 1099: What to Do with Your Coinbase Tax Documents
Why did you receive a Coinbase 1099-MISC, and what should you do with this tax form?
July 26, 2021
Streamlined Foreign Offshore Procedures: Complete Guide 2021
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applicants get all non-filing penalties waived!
July 12, 2021
Streamlined Domestic Offshore Procedures: Complete Guide 2021
SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income.
July 9, 2021
Child Tax Credit Payments in 2021: Should You Opt Out of Advance Payments?
Should you take advantage of Advance Child Tax Credit payments, or should you opt out? We’ve received many questions on this topic recently, so we
June 23, 2021
What is the Trust Fund Recovery Penalty?
The Trust Fund Recovery Penalty (TFRP) allows the IRS or a state tax board* to hold individuals personally liable for certain taxes that were not
June 22, 2021
What Triggers an IRS Audit?
These are some of the top IRS audit triggers that could cause a closer look at your return. See our IRS Audit Survival Guide for more info.
May 21, 2021
How Far Back Can the IRS Audit You?
Normally, the IRS can go back 3 years to audit you, but they can sometimes go back 6 years or indefinitely. Learn why from our tax lawyers.
May 21, 2021
How the Section 1202 Exclusion Can Save Millions in Taxes
The Qualified Small Business Stock (QSBS) tax exemption is a very powerful tax saving tool for those who qualify—it can save millions of dollars in
May 10, 2021
Kraken Forced to Send User Information to the IRS
The IRS is turning its sights on popular cryptocurrency exchange Kraken in its efforts to enforce tax compliance.
May 6, 2021
IRS 83(b) Election: Save Taxes on Early-Stage Stock
The 83(b) tax election can save you many thousands of dollars, but there’s a short window of time to use it!
April 27, 2021
Supreme Court Limits FTC’s Ability to Obtain Restitution for Deceptive Marketing
How will deceptive advertising lawsuits be impacted now that a favorite FTC enforcement tool is gone?
April 22, 2021