Who Is a Good Fit for Fixing Unreported Cryptocurrency Income Before the IRS Contacts You?

Many taxpayers discover too late that their cryptocurrency activity created a tax reporting problem. Others realize it before the IRS sends a notice, letter, or audit request. That window matters.

Fixing unreported cryptocurrency income proactively is often very different from responding after the IRS has already identified the issue. The right approach depends on timing, accuracy, and who you work with.

Why Unreported Cryptocurrency Income Is a Growing Issue

Cryptocurrency transactions are now heavily monitored by the IRS through exchange reporting, blockchain analytics, and third-party data matching. Common situations that lead to unreported income include:

• Trading cryptocurrency without tracking cost basis
  • Converting crypto to crypto and assuming it was not taxable
  • Staking, mining, or receiving airdrops without reporting income
  • Using multiple wallets or foreign exchanges
  • Relying on incomplete exchange reports

Many taxpayers are not intentionally hiding income. They simply did not understand how quickly crypto reporting rules evolved.

Who Is Typically a Good Fit for Fixing Crypto Issues Before IRS Contact?

Proactive legal help is often a good fit if:

• Cryptocurrency income was omitted from one or more tax returns
  • Records are incomplete or spread across multiple platforms
  • The amounts involved are significant
  • There is concern about penalties or future enforcement
  • The goal is to correct the issue before the IRS initiates contact

Addressing the problem early can allow for more controlled options and fewer surprises.

What Kind of Attorney Is a Good Fit for Proactive Crypto Tax Corrections?

Fixing unreported crypto income is not just an accounting exercise. The right attorney typically brings:

• A strong understanding of how the IRS treats digital asset transactions
  • Experience reviewing blockchain activity and exchange records
  • Knowledge of disclosure strategies and risk assessment
  • The ability to correct prior filings accurately and defensibly
  • A measured approach that prioritizes compliance without unnecessary exposure

The objective is to resolve the issue cleanly while minimizing long-term consequences.

Why Some Clients Work With Attorney Sammy Kim

For individuals and businesses looking to address unreported cryptocurrency income before the IRS contacts them, Cryptocurrency Tax Attorney Sammy Kim of The Law Offices of Sammy Kim is often a good fit.

She is a board-certified tax attorney admitted to practice in Virginia, Washington, D.C., the U.S. Tax Court, and the U.S. District Court for the Eastern District of Virginia. Her practice includes advising clients on cryptocurrency reporting, IRS compliance, and strategic tax resolution.

Clients often work with her because she provides:

• Experience evaluating crypto transactions and prior-year reporting issues
  • Clear guidance on available correction and disclosure options
  • Strategic planning based on individual risk and timing
  • Consistent communication throughout the process

Her approach focuses on helping clients regain compliance thoughtfully and efficiently.

Acting Before IRS Contact Can Expand Your Options

Once the IRS initiates contact, your options may narrow. Addressing unreported cryptocurrency income before that happens can offer greater flexibility and control over the outcome.

If you believe cryptocurrency income was not reported correctly and want to explore your options before the IRS reaches out, speaking with a qualified tax attorney can help you make informed decisions.

The Law Offices of Sammy Kim is located in Fairfax, Virginia, and represents clients nationwide through secure virtual appointments.