Lesson 3: Part 2 - Beat the IRS in Tax Court! Crypto Audit Success Story

We discuss a real case where we successfully challenged the IRS's calculation of $1.5 million owed in crypto gains and penalties. After two years of negotiations in U.S. tax court, the case resulted in a no-change audit, with no payments required from our client. This victory is attributed to our in-house forensic accountants who meticulously analyzed the IRS's calculations. This experience has led us to adopt a cautious approach in preparing tax returns, assuming any major crypto investor could face an audit.