#taxhelp

for more information on who you can claim as a dependent or for tax help with back taxes, check out our website

Many people assume that if they owe the IRS from crypto activity, the next step is simply choosing a payment plan or trying to settle.

That may be true in some cases, but crypto tax debt often has another layer: the balance itself may need to be reviewed.

Common issues include missing cost basis, multiple exchanges, wallet transfers, staking or reward income, old tax software imports, and prior-year reporting gaps.

A practical order is:

Gather exchange and wallet records

Separate transfers from taxable transactions

Reconstruct missing basis where possible

Compare the actual activity to the filed return

Confirm whether the IRS balance is accurate

Then evaluate payment plans, Offer in Compromise, or hardship options

Read the full article: Crypto Tax Resolution: What To Do If You Owe IRS Tax Debt From Cryptocurrency

Finding a trusted tax advisor near me can make tax season much easier and more efficient. Professional tax advisors help individuals and businesses organize financial records, identify deductions, and file returns accurately. Their guidance reduces the risk of errors and helps clients stay compliant with changing tax laws. With year-round support and personalized advice, a qualified advisor can help improve financial confidence and uncover valuable tax-saving opportunities for the future.

Visit: https://www.thefontanagrp.com/

An IRS notice can feel even more stressful when you’re living outside the U.S.

But here’s the key: don’t guess. Don’t ignore it. Don’t respond to anything suspicious.

Start with these steps:

1️⃣ Check if the letter is real

2️⃣ Find the CP or Letter number

3️⃣ Circle the tax year and deadline

4️⃣ Identify what the IRS wants

5️⃣ Keep scans, tracking, and proof

6️⃣ Get help if the notice involves a large balance, missing return, identity verification, or levy warning

Common notices expats may see include CP14, CP501, CP503, CP504, LT11/Letter 1058, CP2000, CP59, CP518, CP11, Letter 12C, and 5071C.

Living abroad does not make IRS deadlines disappear. Late mail can make them more dangerous.

Read the full guide: https://longislandtaxresolution.com/irs-notices-for-expats/

💰 If you make $50K, here's your tax strategy: Standard deduction $14K leaves $36K taxable. That's ~$4,300 in taxes if you optimize properly. Want the playbook? (844) 200-8027