🚨I need to sound the alarm on something most crypto investors are NOT ready for…
I expect an avalanche of CP2000 notices this fall for crypto investors.
Many of these notices will be based on unreported income tied to Form 1099-DA, and a significant number of them will contain errors.
You should be prepared to challenge them.
When you receive a CP2000 notice, you typically have 60 days to respond. This is your opportunity to explain why the IRS’s calculation is incorrect.
The most important thing is to respond within that timeframe.
Do not assume the IRS numbers are correct. These notices are often based on incomplete or inaccurate data.
You are not “locked in” just because you received the letter. It’s a starting point, not a final decision.
If the numbers don’t match your records, push back.
Provide your documentation, explain the discrepancy, and correct the record.
In many cases, once you respond properly, you will not owe the amount the IRS initially claimed.
Please share this to help spread the word. Knowledge is power!
This is a true blue haired "Karen" that met her fate. We keep hearing from the left how good and kind hearted "Karen" was, but why was 2 of 3 of her children being raised by others per EX-father-in-law. "Got it" she may encountered hard times but why do these blue-haired Karen types have the same background of multiple kids with different fathers or multi kids not being raised by there real mother!! RIP "Karen"aka Goode
@VictoriaSask@Michelle__Skye For years we have known the Somali population in the states is one of few that will not assimilate to American culture, values and beliefs.
@chicksonright Agreed her comments are egregious, however, It is best she is ignored and not given any amount of attention, she will eventually fade in the background.