Yes, you must declare crypto capital gains and losses on tax returns. Our team helps digital currency investors and blockchain businesses with tax planning and compliance. Experienced and discreet, our firm’s attorneys understand how to leverage every credit, deduction, offshore, and gifting opportunity to ensure compliance while maintaining the best possible profit position.
The Internal Revenue Service finally released a long-awaited ruling regarding cryptocurrencies. Jump in to learn more and how you will be affected.
Read »
Cryptocurrency has hit the mainstream! The IRS added a cryptocurrency section to Tax Form 1040. Also, what to do if you haven't reported crypto gains yet.
Read »
Last year, Ohio launched a website where businesses could pay certain taxes in Bitcoin. But the state treasurer recently shut it down. But why!?
Read »
The IRS wants its crypto tax revenue, so the agency has sent Letter CP2000 to every US taxpayer suspected of shirking crypto capital gains taxes.
Read »
Token investors who are heavily entrenched in the cryptocurrency economic ecosystem may want to consider repatriating to save loads on their taxes.
Read »
Cryptocurrencies are almost ten years old, and they're starting to complicate divorces. Click through to read about the issue and how we can help.
Read »
The IRS sent out about 13,000 crypto back tax letters. In this post, we go over what the letters say and what you need to do if you got one.
Read »
The J5 is a joint crypto tax evasion law enforcement venture between the United States, Australia, the United Kingdom, Canada, and the Netherlands.
Read »
The IRS is on the hunt for taxpayers who haven't "properly" reported their cryptocurrency transactions. The agency sent out "Letter 6174-A.
Read »© 2019 Gordon Law Group. All Rights Reserved.
The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois. The information on this website is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. The information on this website is not legal advice and does not create an attorney- client relationship
