How would entering into a voluntary disclosure help fix my prior year cryptocurrency non-compliance

How would entering into a voluntary disclosure help fix my prior year cryptocurrency non-compliance

Another way in which the CPA and attorney may team up is through voluntary disclosures to the IRS.
In a voluntary disclosure, the client will come into your office, state that he cheated on his taxes, but that he wants to make things right.
The CPA’s first responsibility will be to tell the client to not discuss the matter with the CPA, and consult a tax attorney.
Although the purpose of the voluntary disclosure is to prevent cases from becoming criminal, a tax attorney needs to be consulted for various reasons.
First, the attorney will need to identify whether the client is eligible for a voluntary disclosure.
The attorney needs to contact the IRS with the client’s information and do a “pre-check” to see whether the client can enter the voluntary disclosure process.
If the client is accepted in the pre-check stage, the voluntary disclosure can begin.
If the client is not accepted, it may mean that a criminal investigation has already begun.