Services
Our goal is to gain an understanding of our clients’ unique circumstances and then formulate an efficient, compliant tax plan
Employers
The multi-trillion dollar crypto market has helped create businesses of all sizes who continually encounter novel and complicated tax questions in everyday business.
Individuals
As the space continues to grow individuals are increasingly experiencing taxable events for the crypto assets in their portfolios or are confused as to what constitutes a taxable event.
Bitcoin
The IRS' guidance to date has not singled out a cryptocurrency. However, bitcoin was the seed that spurred this multi-trillion dollar market and is frequently the source of the issues discussed here.
Frequently asked questions regarding services
Yes. Individuals frequently encounter the same challenges employers face regarding crypto. We assist individuals in understanding the tax implications of crypto transactions, assist them in planning for future transactions, and represent them in controversies with the IRS. While the IRS does not have a lot of guidance related to the crypto space, basic tax principles can often be used to make it clear that an individual experiencing a taxable event with cryptocurrency is in compliance with the US tax code.
Yes. Similar to individuals, employers encounter many questions with regard to crypto related transactions. Employers who are heavily involved in the crypto space frequently encounter unique questions that the IRS has not even thought of let alone provided guidance on. Our goal is to assist employers with a position that has foundational support in the law in those scenarios.
Yes. We have vast experience representing clients in front of the IRS. We have successfully represented clients who have received a wide array of notices and letters from the IRS.
Of course. The best way to avoid the IRS is to know the tax consequences of future crypto transactions and report it to the IRS correctly. We enjoy assisting clients who are planning future crypto transactions. There is nothing wrong or illegal in utilizing the US tax code to work in an efficient manner for your crypto transactions.
No. The list of the number of crypto coins and tokens continues to rapidly grow. Some of the newer coins actually create some of the most interesting questions in crypto. We can assist clients who are dealing with Bitcoin issues or issues with the latest crypto creation. Frequently, the type of crypto an individual or employer is dealing with does not change the tax implications.
We try to select articles that we believe the public will find useful. Any company in the crypto space that is creating a way for customers to earn crypto is creating potential tax issues. Therefore, these companies are ripe to write about. However, we are also interested in publishing on deeper, more problematic questions. Do you have a topic you would like to see discussed? Contact us and we can discuss it. We enjoy interacting with those operating in the crypto space and appreciate the insight they provide us.