Have you received a CP2000 tax notice from the Internal Revenue Service (IRS) pertaining to your income tax liability for cryptocurrency trades or investment activity? If so, you are not alone. The IRS is sending these notices to U.S. taxpayers who are suspected of underpaying their federal income tax liability, and there have been reports of large volumes of these notices being issues in recent weeks. Our New Jersey tax lawyers have been following these developments closely and are available to represent individuals and businesses that need help dealing with the IRS.

If you live in New Jersey and you are behind on your federal taxes, submitting an offer in compromise could allow you to resolve your tax debt without paying the full amount you owe. Before you submit an offer, however, there are some important facts you need to know, and you will want to carefully weigh all of your options with the help of a New Jersey tax defense lawyer.