The Law Office of Lance R. Drury
Ste. Genevieve : 573-883-3056
St. Louis : 314-260-6120
Toll Free : 888-367-6512

August 2017 Archives

IRS may be turning to new tools in bitcoin enforcement efforts

Sometimes, the IRS will put special focus on certain things when it comes to tax enforcement. One area that has been getting increased IRS attention lately is the buying and selling of digital currencies, such as bitcoin. Particularly, the IRS has been on the lookout for people avoiding paying taxes on gains made buying and selling such currencies.

Tax issues related to gambling

Many things in our world can have tax implications. This includes how lucky a person proves to be when they gamble. In today’s post, we will talk about a couple of the big tax issues that come up in connection to gambling.

When you are contacted by the IRS

There are a range of circumstances in which a taxpayer could end up being contacted by the Internal Revenue Service. Such contact can take multiple forms. You might receive a letter from the agency. A revenue agent or officer might contact you by phone. Also, you might be visited by a revenue agent, revenue officer or criminal investigator at your place of business or home.

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Ste. Genevieve Office
150 Merchant Street
(By Appointment)
Ste. Genevieve, MO 63670

Fax: 573-883-3095
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3636 South Geyer Road, Suite 100
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St. Louis, MO 63127

Phone: 314-260-6120
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