Cryptocurrency Questions?
Get Tax Compliance Answers Now.

Don’t feel alone if you’re dealing with questions about reporting virtual currency transactions.

If you need help with cryptocurrency tax compliance and how to report your transactions, talk with dual-licensed tax attorneys and CPAs to safeguard your investments.

Frost & Associates, led by Glen Frost (Esq., CPA, CFP® and LLM in taxation), have helped clients from around the world resolve complex tax problems involving the Internal Revenue Service (IRS) and state governments.

Know your obligations and trust that the cryptocurrency tax attorneys at Frost can help you navigate through the toughest tax problems.

Call 305-414-0494 or fill out our brief form for a free, confidential consultation and get the answers you need now.

Cryptocurrency Tax Audits: IRS Letter 6173, IRS Letter 6174, & IRS Letter 6174-A

The IRS recently sent notices to coinbase members and other individuals holding virtual investments. The letters sent by the IRS included:

  • IRS Letter 6173: Notice that requests a response from the taxpayer about alleged noncompliance.
  • IRS Letter 6174: Notice that requests taxpayer review their return and, if necessary, file an amended return
  • IRS Letter 6174-A: Notice that there is a potential misreporting of virtual currency transactions and IRS may follow-up with enforcement actions

These cryptocurrency audits are targeted at individuals who have owned bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), Zcash (ZEC), darkcoin/dash (Dash), and more.

If you believe you’re a target of a cryptocurrency tax investigation from the IRS, then you should immediately contact a tax attorney before disclosing anything to the government.

Cryptocurrency compliance investigations may also turn into larger, criminal tax investigations. These situations can be a massive intrusion into your personal and professional life and your accountant could be compelled to tell the IRS everything you’ve told him or her because the “accountant-client privilege” does not extend to criminal investigations or state tax proceedings.

However, the “attorney-client privilege” can help shield you while preparing your defense. The government cannot compel the testimony of confidential communications between you and your tax attorney so long as the attorney was not involved in the matters leading up to the government’s criminal tax investigation.

Let Frost & Associates Help

Get the answers you need from highly-trained tax attorneys who can help you quickly navigate through your cryptocurrency tax issues and get you the best result possible.

The tax defense team at Frost & Associates can help with common problems such as:

  • Cryptocurrency reporting & compliance
  • Tax evasion & tax fraud
  • Failure to file, collect, or pay taxes
  • Submitting false statements & false documents
  • Conspiracy or aiding and abetting tax violations
  • Undisclosed offshore accounts & other international tax problems

Let the team of skilled tax attorneys & CPAs at Frost & Associates clear the confusion. The firm’s cryptocurrency experience and financial acumen has enabled them to help many others living in Florida who were going through circumstances just like yours.

Learn more during a free initial consultation and get the answers you need.

Call 305-414-0494 or fill out our brief form for a free, confidential consultation.

Meet Our Attorneys

Eli Noff

Partner, Tax Attorney

Mr. Noff utilizes his background as a CPA and attorney to vigorously defend clients before the IRS and state taxing authorities. Mr. Noff is also the firm’s lead on international tax matters, which involves complex international tax compliance issues, resolving many offshore voluntary disclosures and streamlined filing compliance procedures, as well as preparing complex Passive Foreign Investment Company (PFIC) computations. He also represents clients in a number of tax collection matters, federal and state examinations and appeals, IRS criminal investigations, and matters before the federal and state tax courts.

Glen Frost

Partner, Tax Attorney, CPA, CFP® and LLM in taxation

Mr. Frost is managing partner of Frost & Associates, LLC, a law firm headquartered in the Washington, DC metropolitan area. The firm focuses on Tax Controversy and Litigation, International Tax Matters, Tax Planning, Estate Planning, White-Collar Criminal Defense, and regulatory investigations by various government agencies including the Office of Foreign Asset Control (OFAC). Mr. Frost manages a team of attorneys, certified public accountants, enrolled agents, former IRS employees, certified fraud examiners, and other professionals.