Reporting Crypto Taxes
Our firm has been an industry leader in cryptocurrency taxes since 2014, and we’ve helped hundreds of traders just like you.
Why not reporting crypto taxes can cost you
Reporting crypto taxes protects your wallet (contrary to popular belief among traders). Why? After years of legal battles, many major exchanges now report to the IRS. But they don’t track your cost basis—which means your taxable gains can be severely inflated. Even some foreign exchanges, like Bitfinex, are now reporting data to the IRS.
Without sending your own crypto tax report, the IRS will see only your total sales volume and treat the entire amount as a taxable gain. In short, they’ll think you owe much more than you actually do.
Calculating your real taxable gains involves complex calculations and intricate knowledge of the constantly evolving, often confusing laws regulating cryptocurrency taxes. But that’s why we’re here!
We make it easy to report crypto taxes
Just send your cryptocurrency transaction history through a secure API or file transfer. We work our magic, and you receive a bulletproof crypto tax report. It’s as simple as that!
Call or contact us online today to schedule your confidential consultation with a leading crypto tax professional.
A leader in the field of cryptocurrency taxes
Gordon Law Group is the firm other tax and financial professionals turn to for cryptocurrency tax advice. Since 2014, we’ve helped everyone from casual traders to major coin developers report crypto taxes, lower their tax burden, and keep money in their (digital) wallets.
The IRS is cracking down on cryptocurrency like never before—sending warning letters to traders, asking point-blank if taxpayers had any involvement with crypto, and recruiting professionals for increased cryptocurrency tax audits. The sun is setting on cryptocurrency as a tax shelter; if you want to protect yourself and your assets from the hungry gaze of the IRS, our crypto tax professionals can help.
Where other tax attorneys and accounting professionals are scrambling to catch up on crypto regulations, Gordon Law Group has a rock-solid foundation of knowledge and experience. Learn the basics of cryptocurrency & Bitcoin taxes here.
Call today for a confidential consultation with a leading cryptocurrency tax professional.
Avoid an IRS audit or worse
If you have cryptocurrency that you haven’t reported in the past, or that you’ve under-reported, you could be a prime target for a cryptocurrency audit. And, as of 2019, the IRS has begun directly asking taxpayers whether they had an involvement with cryptocurrency. If you said “no” when you should have said “yes,” the IRS could have grounds to pursue tax fraud charges.
If you’re in this boat, don’t wait; call us today. We’ll guide you through your options and help you stay 3 steps ahead of the IRS.
Reporting crypto taxes for past years
Have you received a nasty IRS letter claiming you owe crypto taxes for prior years? You’re not alone; the IRS sent more than 10,000 of these letters in 2019.
The good news is that you probably don’t owe as much as they claim; we can help you rebuild crypto reports for prior years, determine the correct amount, and even negotiate your tax debt down to pennies on the dollar.
International cryptocurrency reporting
Many clients ask us if they need a special report for cryptocurrency traded through international exchanges. The answer depends on your trade volume and the value of your international crypto accounts.
Gordon Law Group is one of few firms in the nation to focus on both crypto taxes and foreign asset disclosure. There’s no one better to help you understand your international cryptocurrency reporting requirements!
Schedule a confidential consultation today to discuss your situation.
Crypto tax blog: News & resources
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