Membco Tax guide to surviving a crypto tax audit triggered by a SFOX 1099.

MembcoTaxguidetosurvivingacryptotaxaudit triggeredbyanSFOX1099.

ThisMembcoTaxguideprovidestipsonsurvivinganIRSauditifyour returnincludesanSFOX1099form.Getthefreeguideat: https://rebrand.ly/CryptoAudit.

Ifyouareselectedforanaudit,theIRSwillsendyou anoticeinthemailtellingyouwhichtaxyeartheywill beauditing. TheIRScanaudityourreturniftheythinkyouhave underreportedyourincomeorifyouhaveclaimedcertain deductionsorcreditsthattheythinkyouarenoteligiblefor.

Inarecentruling,afederaljudgehas clearedthewayfortheIRStoseek customerrecordsfromSFOX,a cryptocurrencytradingplatform. TheIRShadsubpoenaedSFOX touncoverpotentialtaxevasion byitscustomers.

WhywouldanSFOX1099formtriggeranIRScryptoaudit?A1099 formisgenerallyusedtoreportincomethatisnotsubjectto withholdingtax.

IfanSFOX1099formisﬁledwith theIRSthatreportsincomefrom cryptocurrencymaytriggeranIRS cryptoaudit. Recently,theIRShasbeguntotakean interestincryptocurrencyandhasbeen askingquestionsabouthowitistaxed.

HowtosurviveanSFOX1099IRSauditifyougetoneIfyou're oneoftheunluckyfewwhogetauditedbytheIRS,don'tpanic.

Somestepscanbetakentosurvive anaudit,suchaskeepingrecordsof allcryptotransactionsandbeing honestwiththeIRS. MembcoTaxOﬀersGuideto SurviveanSFOX1099IRSCrypto Audit.Getthefreeguideat: https://rebrand.ly/CryptoAudit.

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