Tax Services
Tax Return Preparation Tax Services Pricing Non-Filer Tips Tax Deadlines Do My Own Taxes Tax Help Center Tax Glossary
Crypto Services
Crypto Gain Calculations Crypto Services Pricing
IRS Resolution
Tax Shield Guard Dog Pricing IRS Monitoring Report IRS Notices Help with Audit
1099-DA
1099-DA Safe Harbor
About
Clinton Donnelly About Us Blog Contact
Contact Us

What is IRS Letter 6272?

IRS Letter 6272 notifies you of proposed changes to your return based on third-party reporting - usually from exchanges, banks, or payment platforms. It often highlights income you failed to report, such as crypto trading profits or platform rewards.

White envelope stamped “IRS Letter 6198 – Important IRS Notice Enclosed,” representing IRS compliance notice for crypto tax reporting.

What is IRS Letter 6272?

Envelope stamped IRS Letter 6272 with “Important: IRS Notice Enclosed” in red on a dark navy background, symbolizing IRS monitoring of crypto reporting.

IRS Letter 6272 notifies you of proposed changes to your return based on third-party reporting - usually from exchanges, banks, or payment platforms. It often highlights income you failed to report, such as crypto trading profits or platform rewards.

Get Help!

How Crypto 1099 Reports Trigger IRS Notices

This is increasingly common with crypto 1099 reports. If you received income from Coinbase, Robinhood, Binance, or Kraken, the IRS likely knows about it.

What to do next:

Flat vector icon showing IRS document with bar chart and tax return form with checklist, magnifying glass between them symbolizing comparison of IRS income data with reported return. Navy outline, teal highlights, transparent background.

1: Compare the IRS-provided income data to your tax return

Minimalist vector icon of tax form labeled 1040-X with teal pencil making corrections, symbolizing amended return filing for missed income. Dark navy outline, teal accents, transparent background.

2: File an amended return if income was missed

Flat vector icon of IRS notice envelope with teal calendar and exclamation mark, symbolizing urgent response deadline to avoid IRS penalties or collections. Navy outline, teal highlights, transparent background.

3: Respond by the deadline to avoid enforced collections or penalties

When to Seek Professional Help

CryptoTaxAudit can reconcile your crypto income with IRS records and ensure you’re protected from audits, penalties, or overpayment.

Get Help!

Additional Resources

Voluntary compliance letters