iRS audit letter for crypto

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.
Started by allison.m_2 · May 26, 2025 · 506 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AM
allison.m_2 OP

I'm dealing with a situation and need some guidance.

IRS audit letter for crypto. I've been dealing with this for about 2 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

What are the risks if I pursue this? What's the likely timeline?

SO
sustained_overruled_21

Following this thread — bump -- also need to know this

AM
allison.m_2

Not a lawyer, but I have direct experience with this.

In my case as far as I know, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

LM
lawyer_mike_d_30

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

TN
totally_not_spam_29

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

HOA
tacobell_esquire_6

Just wanted to add — I went through almost the exact same thing last year. What finally resolved it for me was sending a formal demand letter via certified mail. Once they realized I was serious and had documentation, they settled within 2 weeks.