Category: Tax Audit

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IRS Transcript Codes 570 and 971: Meaning and Fixes

IRS Codes 570 and 971 often make taxpayers panic, especially if they’ve been waiting weeks for their tax refund before these codes pop up on their transcript. If you checked your tax transcript looking for a simple answer regarding your

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Fix Crypto Tax Errors After a 1099-DA Mistake

If you recently received Form 1099-DA as a result of your crypto or digital asset transactions made in 2025, you might have noticed a few problems. One of the most notable is that the cost basis information reported on this

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Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may

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employer withholding

Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than

Read More »

IRS Transcript Codes 570 and 971: Meaning and Fixes

IRS Codes 570 and 971 often make taxpayers panic, especially if they’ve been waiting weeks for their tax refund before these codes pop up on their transcript. If you checked your tax transcript looking for a simple answer regarding your

Read More

Fix Crypto Tax Errors After a 1099-DA Mistake

If you recently received Form 1099-DA as a result of your crypto or digital asset transactions made in 2025, you might have noticed a few problems. One of the most notable is that the cost basis information reported on this

Read More

Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may

Read More