Our dual-credentialed attorney and CPA firm is especially positioned to identify and address the taxation and legal challenges businesses may face with blockchain and digital asset development. We provide clients counsel on issues ranging from crypto tax planning, business entity and jurisdiction, digital asset funds, token structuring, regulatory changes, licenses, cybersecurity, and financial strategies.
As companies continue to employ blockchain technology and transform their businesses, many processes are going to change. The way they conduct functions such as audits or the retention of records may have new conditions by regulators or the justice department. Our team stays abreast of the legal and regulatory changes to help clients prepare or manage any issues relating to blockchain applications.
Cryptocurrencies are not issued by a central government, so why do you have to pay taxes on profits? In some countries, businesses and individuals who engage in cryptocurrency transactions don’t pay taxes. However, in the United States you do. How crypto taxes work and the laws surrounding them continue to evolve as technology changes. An attorney and CPA who provide cryptocurrency tax services can advise you on the rules and regulations for digital currency taxation.
Reiss and Lamar have been assisting clients with crypto tax and accounting issues since 2012. We provide clients advisory on tax planning for digital currency, sales of NFTs(nonfungible tokens) and reporting of cryptocurrency transactions. We prepare audit-proof crypto tax returns according to the most current cryptocurrency tax laws so you avoid penalties and don’t get into trouble with the IRS.