Tax Resolution Attorney John P. Willis Warns Cryptocurrency Owners That The Taxman Is Getting Really Serious About Sniffing Out Tax Cheats.

Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR warns cryptocurrency owners they will be singing a very unhappy tune if they try to keep cryptocurrency trading secret from the IRS.

Fairhope, AL, May 25, 2021: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published an article on his website entitled “Let Me Tell You How It Will Be: The Taxman Is Coming For Crypto-Currency Tax Cheats, in which Mr. Willis explains that this is no time for cryptocurrency owners to be secretive.

John P WillisWillis writes, “Back in 2009, when cryptocurrency first appeared, it was initially thought to be a novelty, perhaps a passing fad or trend. An untraceable virtual currency appealed to lots of different players for a multitude of different reasons.” He continues, “Early investors were particularly intrigued by a currency that couldn’t be traced or taxed.” Willis emphasizes, “That has all changed. And for the past 20 years, the taxman has been doing his homework and finding ways to track, trace, identify cryptocurrency players and dabblers and tax them!”

“Remember The Beatles song, Taxman?” Willis asks, adding, “Keep these lyrics in mind if you have had any dealings with cryptocurrencies hoping for tax-free gains.

Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman
Yeah, I’m the taxman”

Willis states, “I’ve been working to help taxpayers in trouble with the IRS my entire career, and let me tell you, the taxman will always find a way to get a piece of any financial gain.” He goes on to say, “Cryptocurrency has grown in popularity and in value. Companies are using cryptocurrency to buy and sell goods and services. In fact, regular folks are able to use cryptocurrency to buy homes. So, it’s pretty likely cryptocurrency is here to stay.”

According to Willis, “Back in 2014, the IRS ruled that bitcoin would be treated as property for tax purposes. In July of 2019, the IRS started sending out letters to cryptocurrency owners warning them to amend their tax returns and pay taxes. Now,” he adds, “they have enrolled a top tax automation software company to help them unearth the cryptocurrency tax cheats. If you want to steer clear of big IRS trouble, you’ll have to resist the temptation to keep your cryptocurrency dealings secret.”

 

The entire article can be read at: http://www.irsallstar.com/articles/let-me-tell-you-how-it-will-be-the-taxman-is-coming-for-crypto-currency-tax-cheats.php

 

ABOUT JOHN WILLIS

Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 21 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.

ABOUT THE IRSALLSTAR TEAM

The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities. The entire blog can be found at http://www.irsallstar.com/blog/irs-tax-controversy-even-death-cant-stop-the-irs.php

To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.

 

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Posted Under: John P. Willis