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Cryptocurrency Tax Lawyers
The IRS considers cryptocurrency an existential threat to tax compliance and has prioritized audits of cryptocurrency income. However, the IRS’s capacity and understanding of cryptocurrency is limited. Our team of cryptocurrency lawyers is an industry leader in accounting, reporting, and audit representation for cryptocurrency matters.
Cryptocurrency and blockchain technology presents a unique challenge for U.S. taxpayers. Cryptocurrency records are often incomplete. Most trade on a variety of platforms that have their own unique documentation standards. Complicating matters, the IRS guidance is limited. This makes accounting for and reporting cryptocurrency gains and losses extremely difficult.
Now imagine the IRS is auditing your tax return to verify its accuracy. It is a recipe for disaster.