Whether you’re facing an IRS audit or simply have questions about your crypto tax implications, our industry-leading cryptocurrency tax attorneys will provide clarity and peace of mind.
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Simply reporting gains and losses from virtual currency transactions on your tax return is hard enough. And if the IRS comes knocking at your door asking for a closer look at your records? It can be downright scary.
Almost every day, new questions arise about reporting requirements and how existing tax rules apply to this groundbreaking technology. At Gordon Law, our team is deeply passionate about crypto and excited to solve your legal challenges.
If you've received an IRS notice, such as the CP2000 or CP2501, don't panic. You may feel confused about why the IRS claims you owe so much, especially if you lost money on your cryptocurrency transactions. Not to worry—Gordon Law has helped many clients solve this problem.
We’ve reduced many of these crypto tax bills by thousands or even hundreds of thousands of dollars. With in-depth knowledge of both crypto tax law and IRS resolution procedures, we’ll help you protect your rights and your wallet.
It’s common to owe a lot of tax on money you no longer have, thanks to drastic price swings in the crypto market. Before you resort to selling your crypto or offering the IRS your firstborn child, contact our cryptocurrency tax lawyers.
Need more time to pay? We can help you set up a tax payment plan that works for you. In some cases, we can even negotiate with the IRS to reduce your bill.
Our crypto tax attorneys can help you plan a customized, powerful strategy to pay less tax—100% legally. Whether your portfolio is thousands of dollars or millions, we’ll help you identify meaningful ways to save.
We make it easy with straightforward advice tailored to your situation. For example, we don’t just recommend donating crypto to charity for a double dose of tax savings. We identify exactly which tokens sitting in which wallets can save you the most money.
If you've received an IRS notice, such as the CP2000 or CP2501, don't panic. You may feel confused about why the IRS claims you owe so much, especially if you lost money on your cryptocurrency transactions. Not to worry—Gordon Law has helped many clients solve this problem.
We’ve reduced many of these crypto tax bills by thousands or even hundreds of thousands of dollars. With in-depth knowledge of both crypto tax law and IRS resolution procedures, we’ll help you protect your rights and your wallet.
It’s common to owe a lot of tax on money you no longer have, thanks to drastic price swings in the crypto market. Before you resort to selling your crypto or offering the IRS your firstborn child, contact our cryptocurrency tax lawyers.
Need more time to pay? We can help you set up a tax payment plan that works for you. In some cases, we can even negotiate with the IRS to reduce your bill.
Our crypto tax attorneys can help you plan a customized, powerful strategy to pay less tax—100% legally. Whether your portfolio is thousands of dollars or millions, we’ll help you identify meaningful ways to save.
We make it easy with straightforward advice tailored to your situation. For example, we don’t just recommend donating crypto to charity for a double dose of tax savings. We identify exactly which tokens sitting in which wallets can save you the most money.
Highly experienced attorneys and accountants dedicated to your peace of mind.
Schedule your confidential consultation with an experienced cryptocurrency tax lawyer.
Schedule your confidential consultation with an experienced cryptocurrency tax lawyer.
Other tax firms are just starting to understand how Bitcoin works. Meanwhile, Gordon Law has helped more than 1,000 crypto investors and entrepreneurs overcome their tax hurdles since 2014.
Our founder Andrew Gordon, a crypto tax attorney and CPA, is widely recognized as one of the nation’s leading authorities on cryptocurrency taxation.
Confusion around crypto tax treatment shouldn’t be a barrier to financial growth. We’re passionate about removing this obstacle through experienced, crystal-clear legal guidance.
Here are some things to look for in a crypto tax lawyer:
Yes, we frequently work alongside other tax professionals to report on taxable income from cryptocurrency. We'll prepare the crypto portion of your tax return, and your existing accountant can handle the rest! We also offer full-service tax return preparation.
There are generally two types of taxes when it comes to digital currency: capital gains taxes and ordinary income taxes. Your cryptocurrency tax rate depends on your trading activity and your total annual income.
If you want to reduce your taxable crypto income, it's essential to plan ahead. First, you need accurate crypto tax reports. Then, you can take advantage of several strategies: holding long-term, donating crypto, or even moving to Puerto Rico for 0% tax on future capital gains. Reach out to our team for a custom tax savings plan.
Common triggers for a cryptocurrency audit include:
Many digital asset exchanges report some information about your activity to the IRS. If your tax return doesn't match, you could get flagged. This is true even if you lost money or made minimal gains.
Once the IRS starts receiving Form 1099-DA from crypto exchanges, we expect that cryptocurrency audits will skyrocket.
If you don't report cryptocurrency on your tax return, you could be a prime target for an IRS crypto audit. You may receive an IRS notice, such as CP2000 or CP2501. Willful violations could lead to criminal charges, severe financial penalties, and even prison.
If you have criminal tax concerns related to cryptocurrency, don't wait until the IRS comes knocking on your door. Reach out to our experienced cryptocurrency tax attorneys today to discuss your options.
The typical statute of limitations for tax audits is 3 years. However, this can be extended to 6 years if you have a significant amount of unreported income. If you never file a tax return for a specific year, then there’s no time limit.
Yes, we frequently work alongside other tax professionals to report on taxable income from cryptocurrency. We'll prepare the crypto portion of your tax return, and your existing accountant can handle the rest! We also offer full-service tax return preparation.
There are generally two types of taxes when it comes to digital currency: capital gains taxes and ordinary income taxes. Your cryptocurrency tax rate depends on your trading activity and your total annual income.
If you want to reduce your taxable crypto income, it's essential to plan ahead. First, you need accurate crypto tax reports. Then, you can take advantage of several strategies: holding long-term, donating crypto, or even moving to Puerto Rico for 0% tax on future capital gains. Reach out to our team for a custom tax savings plan.
Common triggers for a cryptocurrency audit include:
Many digital asset exchanges report some information about your activity to the IRS. If your tax return doesn't match, you could get flagged. This is true even if you lost money or made minimal gains.
Once the IRS starts receiving Form 1099-DA from crypto exchanges, we expect that cryptocurrency audits will skyrocket.
If you don't report cryptocurrency on your tax return, you could be a prime target for an IRS crypto audit. You may receive an IRS notice, such as CP2000 or CP2501. Willful violations could lead to criminal charges, severe financial penalties, and even prison.
If you have criminal tax concerns related to cryptocurrency, don't wait until the IRS comes knocking on your door. Reach out to our experienced cryptocurrency tax attorneys today to discuss your options.
The typical statute of limitations for tax audits is 3 years. However, this can be extended to 6 years if you have a significant amount of unreported income. If you never file a tax return for a specific year, then there’s no time limit.
No more stressing over your crypto taxes!
