In this ebook, I explore how the IRS compliance campaign works, which is opposite to what most traders thought.
As the title of the book indicates, most crypto traders are low-hanging fruit for the IRS. But it doesn’t have to be that way for you.
Instead of being paralyzed with fear of the IRS, get this book, get informed, and build your plan to rescue yourself from the IRS. Get your ‘fruit’ to the top of the tree!
My passion is to help as many traders as fast as possible.
This book can help you properly file a correct crypto tax return, which can save you over $10,000 in penalties.
That’s how valuable this book is to you.
Let me tell you a quick story about how I wrote this book.
I had just finished writing my book 10 Steps For a Great Crypto Tax Return, which explain my best secrets for preparing a tax return for crypto traders.
I wanted to convince traders just how important doing a great tax return was. So I started to write a series of email letters.
I was fascinated by a quote from the IRS Commissioner who said in November 2018, “You think the IRS doesn’t know [who the crypto traders are]? The IRS will have more information about them than you can possibly imagine.”
All the traders I was talking to thought the IRS didn’t know about their trading activity. This was one reason why so many didn’t report their income in 2017. If the commissioner was being honest, then most crypto traders were in great danger.
So I tried to imagine how the IRS could know so much about traders.
Then I heard a quote from the U.S. Treasury Secretary David Mnuchin who said, “Bad actors were using cryptocurrencies to destabilize the U.S. monetary system”. A national security threat that grave could be the pretense to justify outrageous actions by the government.
A national security threat means that the National Security Agency (NSA) would be involved. Most of what we know about the NSA we learned from Edward Snowden.
By studying what Snowden disclosed, I discovered shocking information that should make every crypto trader worried.
As I started to write the material in these emails, they kept getting longer and longer with footnotes and juicy insights. These insights were too important to hide in emails. So, I converted each email into a chapter and made my third book, Why Crypto Traders Are Low-Hanging Fruit For The IRS.
get your copy to learn how to protect yourself!
Remember to follow me on Facebook and Twitter. Thanks for getting the word out to help your fellow traders.
Clinton Donnelly is an Enrolled Agent with a law degree specializing in the international laws of financial regulation and taxation. As an Enrolled Agent he is admitted to practice before the IRS to represent taxpayers worldwide which is exactly what he does. He has clients in 47 different countries. In 2018, he helped 97 clients recover over $600,000 back from the IRS.
Many of his clients are cryptocurrency traders around the world. His largest trader did over 120,000 transactions. No situation is too complicated.
Clinton Donnelly has also been a tax law advisor to a crypto tax prep firm. He was a trusted tax adviser to three of the online crypto capital gains tax services and a US exchange. He is an author of three books and is a sought-after conference speaker for digital nomads, expats, and cryptotraders.
He specializes in preparing tax returns and resolving IRS problems for cryptotraders and Americans abroad or owning foreign assets.
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