Why Cryptocurrency?
At this point, cryptocurrency is still in an early stage, but due to the unprecedented price surge in 2017, many people became involved in cryptocurrency. However, there is very little official guidance about cryptocurrency taxation. Consequently, many crypto investors are confused and scared about the unknown, searching all over the internet to try to find answers, and some are putting their head in the sand, hoping that nothing will happen to them. Unfortunately, many people who published blogs or articles on the internet are not crypto tax experts. As a result, the internet is proliferated with myths and incorrect guidance.
“due to the unprecedented price surge in 2017, many people became involved in cryptocurrency”
Many crypto investors are misguided by what they read on the internet; they ended up not reporting their cryptocurrency taxes or reporting incorrectly. On the other hand, most tax practitioners are not involved in cryptocurrency, therefore, they cannot understand what their crypto tax clients are telling them, and they do not know how to handle the cryptocurrency transaction reports their client provided.
How We Help
The solution is very simple – to get properly educated so that you can make informed decision that will help you minimize your or your clients’ tax liability as well as IRS audit risks. And the good news is, we have developed a series of resources, tools and products to help you achieve that!
