Amendment Notes
Cut through the noise. Stay up to date on IRS changes, tax tips, and best practices on amended returns and IRS notices.
Multi-Wallet and Multi-Exchange Reconstruction for Amended Returns
A multi-wallet and multi-exchange amendment is rarely a small project. The taxpayer has activity spread across several custodial exchanges, multiple…
What If Your Crypto Tax Software Was Wrong?
A crypto tax-software output is a starting point, not a finished return. The aggregator was given a set of accounts, addresses, and transactions; it…
How to Correct Cost Basis Errors for Cryptocurrency
A cost-basis error on a cryptocurrency return rarely looks like a single wrong number on Form 8949. It is usually a methodology problem: the wrong…
Crypto Amendment Fact Patterns with Kwong Overlap: DeFi, NFTs, Multi-Wallet Reconstruction, and the Penalty-Postponement Intersection | Special Deadline is July 10, 2026 |
A 2018-2022 crypto trader rebuilding incomplete books today is doing two things at once: reconstructing what should have been on the original return…
Crypto Amended Returns, Penalty Exposure, and Kwong: When a Digital-Asset Correction May Need More Than Form 1040-X | Special Deadline is July 10, 2026 |
A crypto trader who is preparing a 2018-2022 Form 1040-X to correct basis, add omitted income, or reconcile against an exchange’s revised cost-basis…
Do You Need to Amend a Tax Return for Cryptocurrency Transactions?
A cryptocurrency amendment looks like a Form 1040-X problem and is almost always a records-reconstruction problem. Digital assets are property for U.S.…