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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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Ayar Law

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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

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03:19 02 Dec 20

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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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20:48 02 Jun 20

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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

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21:44 07 Mar 20

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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

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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

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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

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23:01 24 Jan 20

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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

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