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What to do if You Have Unreported Bitcoin Income

Posted December 20, 2019 by Venar Ayar

You may need to amend your tax returns and pay additional taxes, penalties, and interest if you have previously unreported Bitcoin income. If you fail to take action, the IRS may audit your returns as part of its Virtual Currency Compliance campaign.

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Ayar Law

4.9

Based on 166 reviews

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Cliff Stratton

20:48 02 Jun 20

Very, very helpful. Good advise at no cost. Would definitely use this firm... in the future.read more

Dan Smith

15:41 28 Apr 20

We have had a great experience with Ayar Law. I would highly recommend... them. Several times they could have charged us for a service, but they instead advised how we could help ourselves. Very helpful.read more

Bill Ames

21:44 07 Mar 20

An Honest Law Firm! I had a phone consultation with Ayar Law. Instead of... selling me a solution that would be minimally beneficial, they told me I could approach the IRS myself. She then answered all my question while providing the details of what I needed to do to resolve my IRS problem. At the end of the conversation I was told to feel free to call back if I have any more questions. Thank you! Ayar Law an honest competent Law Firm.read more

Jodi Kleimola

22:14 06 Mar 20

Wendy was amazing and very knowledgeable. She was able to answer all my... questions to help me resolve my tax issue on my own. I am very thankful for the advice and time she took to talk to me!!!read more

Arnold Haas

00:37 22 Feb 20

I own a tax preparation company in Columbus, Ohio. I got a letter of... introduction from Ayar Law in the mail that was very timely - I had a client with a unique tax situation that I really wanted to discuss from a legal perspective. I sent them an email with some pretty specific questions, and was pleasantly surprised to get a very speedy response. The answers were clear, concise, and raised the appropriate follow-up questions. A second email with follow-up questions received a similar response.I will definitely keep Ayar Law in mind for future tax law needs.Arnold Haas, EAread more

Russell Jones

14:54 19 Feb 20

I met with Wendy at Ayar Law and she was absolutely outstanding. She... answered all of my questions accurately and clearly so I could easily understand. I would recommend this firm to anyone needing assistance with tax issues.read more

Scott Harter

23:01 24 Jan 20

They answered our questions. Explained our course of action. Could have... easily charged us. But being it was just a consultation they would not accept any payment! They laid out a game plan for us. It just put me at ease about our situation. I can not thank them enough.read more

C H

12:57 15 Jan 20

Wendy was very helpful in helping me understand my rights in a complex tax... issue and gave me the proper advice needed before advising me that I did not need to retain her at this time. Very cool to have someone give me the advice I needed and just be honest with me about my position and what the best options were. Super professional and trustworthy.read more

susan maher

17:08 06 Jan 20

I had a question about a letter from the state of Michigan. I was put... through to Dennis who succinctly explained what I needed to do. He told me to call him back if there were any problems. He was very helpful!read more

Matthew Fodal

21:01 19 Dec 19

I called and I was greeted with there endly staff. They were very kind and... compassionate. They return my phone calls in a timely fashion. I would highly recommend anybody with any types of tax issues to call themread more

Michelle Smart

15:19 18 Dec 19

I walked into Ayar Law with a concern about our business taxes. I met... with Senior Tax Attorney Wendy and was relieved to learn about our options. She took her time and explained the process. It was much easier than I thought! I highly recommend Ayar Law for all of your tax concerns!read more

ANIA EATON

17:40 10 Dec 19

This is a wonderful team of highly knowledgeable and dedicated... professionals. They honestly exceeded my expectations. I am VERY HAPPY with the experience I had with Ayar Law and I strongly recommend their services.read more

Next Reviews

Daryl

“Venar was extremely friendly, honest and helpful... without trying to sell me anything.”

Daryl

Avin

“They fought very aggressively to get me the deal I needed to put to rest my tax problem.”

Avin

Stephanie

“He answered all my calls and responded to my emails promptly. My issue was resolved.”

Stephanie

Marc

“Ayar Law represented myself (an attorney)… when all said and done, NO fines or penalties.”

Marc

Kevin

“Very helpful during a stressful time… went above and beyond to take care of our tax issues.”

Kevin

Bonnie

“Saved my life! I thought that I would be lost forever trying to get help with my problem.”

Bonnie

Steve

“He fought hard and won for us.”

Steve

Bill

“Expert knowledge of the federal tax system and procedures! The results exceeded my expectations.”

Bill

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