What are the consequences of ignoring an IRS B Notice form related to digital currencies?

3 answers

• Cristopher GUZMANOct 10, 2020 · 5 years ago
  Ignoring an IRS B Notice form related to digital currencies can have serious consequences. The IRS takes tax compliance very seriously, especially when it comes to digital currencies. By ignoring the notice, individuals may face penalties, fines, and even legal action. It's important to address the notice promptly and seek professional advice to ensure compliance with tax regulations.
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• Mob PortgasDMar 30, 2024 · 2 years ago
  Ignoring an IRS B Notice form related to digital currencies is a risky move. The IRS has been cracking down on tax evasion in the digital currency space, and ignoring the notice can raise red flags. It's best to consult with a tax professional and address the notice as soon as possible to avoid potential legal troubles and financial penalties.
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• Raphael FleischerDec 25, 2024 · a year ago
  Ignoring an IRS B Notice form related to digital currencies is not advisable. The consequences can range from monetary fines to more serious legal actions. It's crucial to take the notice seriously and seek appropriate guidance to ensure compliance with tax regulations. Remember, it's always better to address these matters proactively rather than facing the consequences later on.
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