Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.
If you owe money to the Internal Revenue Service, one of the first forms you’re going to have to complete is called a 433-F if it’s over $25,000. On that form, they’re going to ask you about where your money’s at, where your retirement is, how much you own in real estate, if you own cars, everything about your finances. And they’re going to ask about virtual currency, it’s a new thing on the thing, and they’re going to say, do you have any and if you don’t answer any of these questions correctly or legally, then you can get yourself in trouble. So thinking that your currency is off the grid, I think that’s a risk that I wouldn’t be willing to take. A lot needs to be disclosed. So make sure you talk to the IRS and tell them what you know.
You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.