Can I use my cryptocurrency holdings to pay off a cp2000 notice of deficiency?

7 answers

• Kenny SellersMar 08, 2021 · 4 years ago
  Unfortunately, the IRS does not currently accept cryptocurrency as a direct form of payment for tax debts. The accepted forms of payment include check, money order, credit card, and electronic funds transfer. It's important to contact the IRS directly to discuss payment options and set up a payment plan if needed.
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• Imed ImedDec 03, 2021 · 4 years ago
  No, the IRS does not allow the use of cryptocurrency to pay off a cp2000 notice of deficiency. The IRS has specific guidelines for tax payments, and cryptocurrency is not included as an accepted payment method. It's best to explore other payment options provided by the IRS to settle the tax debt.
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• MockTurtleJul 15, 2023 · 2 years ago
  As an expert at BYDFi, I can confirm that the IRS does not currently accept cryptocurrency as a form of payment for tax debts. However, it's always a good idea to consult with a tax professional or contact the IRS directly for the most up-to-date information on payment options.
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• Mahesh JakkulaMar 02, 2023 · 2 years ago
  Using cryptocurrency to pay off a cp2000 notice of deficiency is not an option at the moment. The IRS has not yet included cryptocurrency as an accepted form of payment for tax debts. It's important to explore alternative payment methods and reach out to the IRS for guidance on settling the tax debt.
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• Mack DoyleJul 23, 2020 · 5 years ago
  While it would be convenient to use cryptocurrency to pay off a cp2000 notice of deficiency, the IRS currently does not accept it as a valid form of payment. It's recommended to explore other payment options such as check, money order, or electronic funds transfer to settle the tax debt.
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• Krause DowlingJun 25, 2021 · 4 years ago
  Unfortunately, the IRS does not allow the use of cryptocurrency to pay off a cp2000 notice of deficiency. It's important to comply with the IRS guidelines and explore alternative payment methods to resolve the tax debt.
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• Batuhan SaylamMar 22, 2023 · 2 years ago
  The IRS does not currently accept cryptocurrency as a form of payment for tax debts. It's crucial to explore other payment options provided by the IRS and consult with a tax professional for guidance on resolving the cp2000 notice of deficiency.
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