Have you purchased cryptocurrency in the last 6 months or more? If so, you need to prepare yourself against the IRS.
It is believed by the IRS a significant number of U.S. citizens that entered into the cryptocurrency space before the KYC (Know Your Customer) regulation came into widespread adoption have not reported their holdings and paid the proper tax if due. This belief has manifested in the U.S. Department of Justice taking serious action against U.S citizens who have not complied.
On April 1, 2021 the DOJ has issued press release 21-298. This official release announces they have begun the process of systematically identifying every U.S. citizen who holds any cryptocurrency by issuing a summons to every cryptocurrency exchange to find you.
These exchanges, like Kraken, will be forced to provide the United States Department of Justice with;
your name
your address
your social security number
your account numbers
your transaction history from 2016 to present
They are not limited to the scope of information they can request. It is possible the exchange will provide everything they know about you to the DOJ to stay in their good graces and hope they don’t investigate the exchange and it’s officers alike for infractions.
The IRS will use the information provided to investigate your prior tax returns for omissions and inaccuracies. A compliance check will be made by comparing your tax returns with your bank accounts and other assets.
If inconsistencies are found you can be assured your public social media accounts and postings will be examined for statements you have made in the past that could support their case. i.e. tax protester postings, anti-government rants, admissions of failure to pay tax etc.
In addition to this the IRS has put out a call for cryptocurrency experts to assist them to decipher the various schemes used by crypto users to defraud the IRS. They incentify them by paying a bounty to catch you.
Your worst nightmare will begin as your bank accounts, trade accounts and any other assets will be at risk if you are found to be noncompliant. Your passport will be at risk and you will not be able to renew it. This is a huge concern for all U.S. citizens that has not complied with IRS law. It is at this point you will personally experience what the most powerful federal agency can do to you.
Noncompliance is in direct violation of both civil and criminal IRS regulations and they will take action against you, not ‘might’ but ‘WILL’ take action against you. There will be no escape at that point. They will make examples out of some by ‘throwing the book at them’ to insure the cryptocurrency space knows there is a new sheriff in town. You don’t want to be that person.
If your case is grievous and a prima facie case can be made you have committed tax fraud your asset accounts can be frozen immediately. A letter will be mailed to you about the frozen accounts for further disposition but you will find out sooner when your can no longer access funds.
In our experience if your case has gotten to that point they have enough proof to prove tax fraud.
The DOJ has stated they are not investigating the actual exchanges for any wrongdoing but this is a false narrative. If, in the course of their investigation they uncover evidence that the exchanges, in anyway, assisted their clients to evade taxes they, along with those clients, would be involved in a conspiracy to defraud the IRS.
Fortunately, we have a very effective plan to deal with your issues of noncompliance. We must take preemptive action FIRST!
At 1-800 Tax Help, we are bitcoin holders, and we know our way to help you. We have years of experience unlike other firms that don’t even know what cryptocurrency is or hold any. You will be speaking directly to tax experts that are crypto holders in our firm.
The IRS is going to find you soon and it is important that you have an effective tax advocate that will buffer you from saying or doing anything that will compromise your case. We know exactly what to do and how to do it.
Don’t think for one minute your crypto funds are safe from their power because you hold the private key. If a case can be made that you owe the IRS and you refuse to pay they can have the U.S. Marshall service come to your home and drag you in front of a magistrate judge. That judge will ORDER you to release the funds to the IRS. If you refuse you will be in contempt of court. You will lose your freedom and the judge will remand you to federal custody until you comply with the judge’s order.
The IRS may grind slowly, but what it does
grind it turns to dust!
CONTACT US TODAY BEFORE THEY DO
We’re on your side.
The IRS has a 95% conviction rate which is the highest of any federal agency. They are trained to spot you out and get you to admit to wrongdoing. You better have us speak to them before you say or do something you will regret. Do you really think you can take on the IRS on your own? Their teeth are sharp, and getting sharper.
Testimonials
Amazing
Amazing to say the least. I had very serious issues with The IRS federal and state. I could not renew my passport ! and I had not filed in years and I owed a lot ! I was threatened with garnishment and seizure of my money in the bank plus I could no longer travel outside the USA because my passport was no longer valid and I could not renew it until I resolved these tax issues. I called 1800 Fresh Tax Help and they quickly helped solve those issues with professionalism. They also kept me up to date with my case by constant communication. I now can travel outside the USA with a valid passport and my my taxes are paid. I strongly recommend you guys to anyone with IRS issues!!!
Easy
Very easy company to work with. It has been two years and now i am completely compliant. I am more than happy to put this behind me. I wish my accountant had given me the steps they provided to prepare me for future employee tax and sales tax. Thanks Again 1800 Fresh Tax Help!
Recommend
Trying to get my missing returns in order by myself was really impossible. I had NO peace of mind. I was so afraid the IRS were going to garnish my payroll, take my money from the bank and sell my home! They also will not allow me to renew my passport! I reached out to 1800 Fresh Tax Help and case manager Bill Moore put me at ease right away. They contacted the IRS via their special number and got everything put ON HOLD and stopped the garnishment until we could get everything filed and perfect! The got me into a program where I don’t have to pay any of the taxes and I was able to renew my passport. I finally got peace of mind! . It happened a lot quicker than I thought it would. I highly recommend them for sure.
