Received an IRS CP2501 Notice for Crypto Taxes? Here's What to Do Next! 🔥

1 year ago
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Have you received the dreaded IRS CP2501 notice regarding your cryptocurrency taxes? Don't panic! In this video, we'll break down why you got it, the common misconceptions with Coinbase, Uphold, and BlockFi, and crucial steps to take. Navigate the crypto tax maze confidently!

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📣 Host: Clinton Donnelly
👉Twitter: https://twitter.com/CryptoTaxFixer
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💎 Guests Host:
David Canedo, Product Manager. David is a licensed CPA specializing in crypto taxation. He has invested countless hours in understanding blockchain technology and is an advocate for fair crypto regulation.
Learn More 👉 https://www.cryptotaxaudit.com/about

Liam Higgins, Client Manager Liam earned his degree in business management and marketing, has 9 years of direct sales experience, and holds several crypto certifications. He facilitates client onboarding activities.Learn More 👉 https://www.cryptotaxaudit.com/about

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#CryptoTax #CryptoTaxes #IRS #TaxPitfalls #Coinbase #Uphold #BlockFi #TaxTips #CryptoCompliance #CryptoTaxes #IRSNotice #CP2501 #TaxMistakes #TaxResolution

▬▬▬▬▬ 🕒 TIMESTAMPS 🕒 ▬▬▬▬▬

00:00 - Intro
01:17 Unreported Taxes and CP2501 Letter
02:12 Handling IRS Letters
02:25 Coinbase Reporting Issues
03:35 Reporting Differences and Their Impact
04:32 IRS Reporting Obligations
06:56 Importance of Accurate Reporting
08:17 IRS Auditing Process
12:37 Closing Remarks

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All opinions expressed by the show’s host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit. Research legal, tax, and financial guidance and advice as needed.

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