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There is a new IRS scam targeting cryptocurrency holders, and this one is more convincing than the usual phishing email. The scam arrives as an official-looking letter claiming that you must register through an IRS “Digital Asset Compliance Portal.” The letter includes a QR code that sends you to a website designed to look like IRS.gov. There is just one problem: the Digital Asset Compliance Portal does not exist. IRS Criminal Investigation issued a fraud alert on July 30, 20

If you file a tax extension, do you get more time to pay your taxes? Generally, no. An IRS tax extension gives most individual taxpayers more time to file their tax return. It does not automatically give them more time to pay the tax they owe. That distinction sounds small. Financially, it can be a very big deal. As an Enrolled Agent, this is one of the most common tax misconceptions I run into. Every year, people tell me some version of: “I filed an extension, so I have unti

If you’re behind on your taxes, it’s natural to worry about the worst-case scenario: Can the IRS actually take your home? The short...