Get help with years behind on crypto taxes. 32 years resolving IRS problems. Free consultation from a crypto tax attorney.
The hardest part of fixing years behind on crypto taxes is starting. Once you start, the process is methodical and the outcome is almost always better than you expect.
Step One: Gather Records
Collect all available exchange records, wallet histories, bank statements, and any documentation of crypto purchases, sales, trades, and income. If records are missing, a crypto tax professional can reconstruct them from available sources including blockchain data.
Step Two: Calculate Liability
Using reconstructed records, calculate accurate gains, losses, and income for each year. This is where having professional help pays for itself - accurate calculations often show significantly lower liability than the IRS would assess using incomplete data and zero cost basis assumptions.
Step Three: File Returns
Prepare and file all delinquent or amended returns. Filing voluntarily before the IRS contacts you positions you for better outcomes including lower penalties and no criminal referral risk. All returns should be accurate and complete.
Step Four: Resolve the Balance
If the total balance is more than you can pay, pursue the resolution option that fits your financial situation. An Offer in Compromise for those who qualify. An installment agreement for those who can pay over time. CNC status for those who cannot pay at all. Penalty abatement to reduce the total balance. A tax attorney guides you to the best outcome.
Get Crypto Tax Help Now
Dealing with years behind on crypto taxes can feel overwhelming, but there are options. Call the Law Offices of Darrin T. Mish, P.A. at (813) 229-7100 for a free consultation. We have resolved over $100 million in IRS tax debt.