Tax Services for Cryptocurrency Investors
Domestic and International Tax Services for Cryptocurrency Investors
Are you searching for a proven and experienced firm who offers domestic and international tax services for cryptocurrency investors? The number of individuals and companies who invest in cryptocurrency assets or Non-Fungible Tokens – often referred to as NFT’s – is increasing exponentially each year. Governmental agencies and sovereign tax authorities around the world including the US Congress and the IRS have raced to catch up to these forms of electronic currency. Are you wondering how the IRS, California or other state tax agencies are going to find out about your offshore crypto and NFT holdings and transactions?
Who are the Cryptocurrency Clients Who Need Allen Barron’s Cryptocurrency Tax and Advisory Services?
There are as many different types of cryptocurrency and NFT investors as there are cryptocurrencies and NFTs. If you own or hold any cryptocurrency or NFT assets anywhere in the world you need the legal, tax and advisory services of Allen Barron. Our domestic and international tax services for cryptocurrency investors include:
– Those who have recently invested in crypto who are searching for tax services for cryptocurrency investors. These investors may only have a few transactions, but understand the need to disclose these assets to the IRS on their tax returns and FBAR forms. You may or may not have important summary information such as basis, selling price (or the value at the time of which a crypto purchase was made) and/or the resulting nature and amount of any capital gain or loss.
– Those who have been investing in cryptocurrencies and/or NFTs for some time who have not previously disclosed these holdings to the IRS. These clients are often concerned about their legal and tax exposure with the IRS and California or other state tax authorities and understand the importance of making voluntary disclosures and updating present and past returns before the IRS and/or a state tax agency identifies their activities and begins to pursue an investigation or audit.
– Those who have substantial cryptocurrency or NFT assets who were not previously reported and have now received notification from the IRS or a California or other state tax agency regarding an investigation or audit. They usually wish to learn more about the process to “come clean,” amend prior tax returns and submit an appropriate Voluntary Disclosure in order to mitigate legal and financial exposure while reducing associated fees, penalties and interest.
Download the Allen Barron Crypto Reporting Guide in our downloads section and learn more about your responsibilities as a US taxpayer when it comes to reporting onshore and offshore Cryptocurrency and NFT assets and accounts.
Contact Us To Learn More About Allen Barron's Domestic and International Tax Services for Cryptocurrency Investors
For more information or to discuss your tax, legal and accounting needs contact Allen Barron or call 866-631-3470 to schedule a free and confidential initial consultation. Learn about the importance of integrated business strategy and coordination across legal, tax and accounting systems.
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