tramatech1
Level 1
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Can anyone help? I received a letter from the IRS that coinbase, in 2018, reported over a million dollars worth of transaction on a 1099k of which I know nothing about. The IRS claims that I owe 305,000 in taxes. I disputed it and sent emails to coinbase with no luck, they don't return my emails. I have a coinbase account and downloaded all the transactions I ever made but other than that I'm freaking out about what to do. Anyone ever heard of this happening or have any suggestions as what I should do?

0 Cheers
sjrcpa
Level 15
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Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.


 


ex-AllStar
Just-Lisa-Now-
Level 15
Level 15
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You need representation.  Use this IRS website and find a CPA or EA in your area to help you clean this up.

https://irs.treasury.gov/rpo/rpo.jsf


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪