Item: Law Office of Alexander H. Kugelman
Rating: 5
Author: Henry Wang

IRS Criminal Division Shifts Focus To Crypto Tax Evasion Cases

The IRS Criminal Investigation (CI) Division is preparing hundreds of cases and increasing enforcement related to crypto tax evasion and off-ramping transactions involving exchange of digital assets for fiat currency.

Division Chief Jim Lee announced on a press call that there has been a major shift in digital asset investigations over the past three years from predominantly focusing on criminal crypto money laundering to now about half of the investigations focus on tax evasion cases.

These investigations are zeroing in on those taxpayers who are paid in crypto but do not report transactions and fiat-based laundering.

The agency’s relatively new Office of Cyber and Forensic Services “brings together our digital asset investigation, cybercrime investigation, digital forensics, and physical forensics support efforts under the same roof” to effectively attempt to trace every crypto transaction, according to the IRS CI’s 2022 annual report.

Kugelman Law crypto tax professionals are experienced with recreating missing trading data and dealing with high volume and complex trading activity. Let our team of experienced California cryptocurrency attorneys and tax accountants bring you into compliance or defend you in a potential audit.

The team at Kugelman Law is an industry leader in accounting, reporting, and audit representation for cryptocurrency matters. Contact us today to discuss the best strategies for your cryptocurrency case.

★★★★★

Alexander helped me break down my tax situation and used his expertise to figure out the next actionable steps, make sure that all the bases were covered (that I wasn't aware even existed), and confirm that things were done correctly. If you are confused and stuck in a difficult tax situation, Alexander will guide you forward and help you confidently resolve the issue. Henry Wang

If you are having tax trouble, Alexander is the one to help you. He was very professional, personable, and easy to reach. His explanation of the entire process is helpful for easing the stress that is associated with tax trouble. We never felt intimidated or out of the loop while working with him. The process was handled to our liking and we are satisfied with the results. Even the after care has been phenomenal! Tony W.

If anyone out there is in need of stellar legal tax assistance, look no further and contact Alexander Kugelman. He helped me tremendously with my tax situation and is always there to help when needed. If I can give Alexander more stars, I would because 5 stars is not enough! Thank you for everything, Alex!!! Flo Lauzon

Alexander has been a life saver! I got dragged into some serious IRS issues with a complicated foreign assignment component, which included divorce. Alexander has been working with me to resolve directly with the IRS. Alexander is detail oriented, responsive and I trust him to guide me. I will be using Alexander for all tax related matters from now on! He is stuck with me forever. Eve T.

Alexander helped me understand the IRS audit process and prepared my response. There were certain records that I had lost, but he suggested alternatives that the IRS accepted. Even better, he showed up at the audit for me and I never actually had to talk with the IRS. I didn't have to pay any penalties. I'd definitely recommend hiring Alexander to deal with an IRS issue. L.R.

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