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What Will Happen If I Fail to Report Bitcoin Income?

Posted March 13, 2020 by Venar Ayar

The IRS can assess back taxes, interest, and penalties for the failure to report Bitcoin Income. The IRS has made Bitcoin tax compliance a priority as part of its Virtual Currency Compliance campaign.

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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Tej'a Spearman

14:31 23 Mar 21

The free consultation I had with them was so incredibly helpful. They... weren’t trying to reel me in to take my money but were honest that I didn’t need to use them until I had resolved some other things first and they gave me peace of mind about the steps I was taking. I’ve only used them so far for their free consultation but it was very helpful.read more

Fred H

16:34 10 Mar 21

Ayer Law was definitely the right firm to call concerning our IRS tax... issues. Wendy was a great lawyer and quickly summed up our options to get the issues resolved. She listened and played out our options and probable IRS responses and implications. Wendy made our situation easy to resolve and we definitely will come back to Ayer for any other tax issues. Thanks Wendy for the great expertise!read more

Jim Miller

12:32 24 Feb 21

I wanted a law firm that was locally based and community driven and I... found it with Ayer Law. From the moment you call, they put you completely at ease. Wendy was so prompt in explaining what they can do for you, and what the likely outcome will be.read more

Michelle Shear

20:31 23 Feb 21

Had an IRS scare and on my first call was reassured that they could help.... I had a consult with Wendy the following day and she advised me not to worry , the matter I had with the IRS was non threatening, IRS did not have a case. She was very patient , understanding and very informative. Would highly recommend this group. Thank you so much, I hope to sleep better from here forward.read more

Jackie Caprella

18:58 22 Feb 21

I was very pleased and impressed with Ayar law and their staff. I... hadphone interview with an attorney to discuss my issues, and shewas very helpful, understanding and gave me good advise. Iwould highly recommend their law firmread more

Dennis LeMaitre

23:16 17 Feb 21

I had lots of concerns and questions about some old tax debt that had been... a thorn in my side for years. Ayar Law was very responsive. Their free consultation was comprehensive and tailored to my needs and situation. There was never any pressure to hire or retain there services and the tax expert was very knowledgeable in IRS and State Tax matters. I had real clarity regarding my debt in just minutes. If you want an honest and fair Tax firm to assist you these are the people to call.read more

Harlan Schier

18:12 29 Jan 21

I wholeheartedly recommend Ayar. In my dealings with Ayar, he was... detailed, knowledgeable and straightforward. He was able to explain complex solutions in a simple way while being empathetic.read more

Leonard Blair Jr

20:52 06 Jan 21

Great law firm, quick in responding to my questions, very helpful. I... suggest to call them, they will help youread more

Willie Brown

19:01 02 Dec 20

I had a great experience with the Ayar Law Team, from the initial contact,... the support I received was outstanding! The administrative assistant was courteous, professional, and made me feel as if my time was valuable. During my consultation with Attorney Venar the information that he shared with me was insightful. He was even kind enough to refer me to a colleague after discerning that I could benefit from the help of a financial advisor as well. Thank you Ayar Law!read more

Vincent Distefano

03:19 02 Dec 20

Was a very informative phone consultation that my CPA and I had. He... answered all of our questions and concerns and was the first lawyer I have ever dealt with that did not upsell for further work or potential billable hours. He was incredibly knowledgeable and honest. I would highly recommend the office and will be using Ayar Law for any further marijuana related questions and legal services.read more

Gladys Lavina-Ortega

22:40 19 Nov 20

I was part of a Webinar conducted by Mr. Ayar. He was very professional... and knowledgeable on the topic. Provided great resources to utilize for future IRS issues and gave us his e-mail address for any questions we would have. I sent him an email with a specific client issue I had and he promptly responded and gave me a great link to use for my issue.Very refreshing responsiveness from Mr. Ayar!read more

Omar Hosn

14:22 02 Oct 20

I found Mr. Ayar on line while researching a complicated tax matter. Mr.... Ayar wrote a brief article on the subject, so I took a chance and contacted him to see if he would be able to give me some incite and advice. He quickly responded and gave me great, quick and concise information that was relevant and on point. I can't thank you enough for taking time to answer this Judge's tax question. I am very appreciate.read more

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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

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Steve

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Bill

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

Bill

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