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Unlocking The Secrets Of Cryptocurrency Taxation

Last updated on June 26, 2023

The Internal Revenue Service (IRS) has determined that bitcoin and other alternative currencies are subject to capital gains taxes. In 2019, the IRS began issuing letters to taxpayers urging them to declare cryptocurrency assets and amend prior tax returns accordingly.

Moore Tax Law Group, LLC, has been at the forefront of the taxation issues that cryptocurrency owners are facing, including how to handle recent IRS enforcement efforts. If you have received IRS Letter 6173 or IRS Letter 6174-A regarding reporting virtual currency transactions, or if you are concerned about back taxes you may potentially owe, we can help.

Cutting-Edge Tax Counsel On Cryptocurrency Assets

Our attorneys are highly experienced in civil tax litigation, including disputes with the IRS over capital gains taxes and other special tax situations. As cryptocurrency owners ourselves, we understand the unique issues that our clients face in this complicated arena. As Bitcoin, Ethereum and other altcoins gained in popularity, our legal team was determined to stay abreast of IRS developments and the tax implications for our clients.

Founding attorney Guinevere Moore has spoken extensively about cryptocurrency taxation issues. At the American Bar Association’s 35th Annual National Institute on Criminal Tax Fraud, she was a panelist on a two-part panel titled: “What Everyone Needs to Know About Cryptocurrency.” Topics included: “Part One: Tax Treatment of Cryptocurrency Transactions” and “Part Two: Enforcement When Cryptocurrency Transactions Go Wrong.” She was also selected to present at the IRS Nationwide Tax Forum in Chicago and in a panel titled “Tax Treatment of Transactions in Cryptocurrency and IRS Tax Enforcement” in Orlando.

Trusted source: Our lawyers have authored or been quoted in numerous articles about cryptocurrency and taxes (subscriptions may be required to read), including:

Find Out Where You Stand

If you have received an IRS letter or believe you may be subject to cryptocurrency transaction taxes, we can explain your rights and options. Our firm handles tax disputes throughout the United States, representing clients from around the world in IRS audits and negotiations and in litigation in U.S. Tax Court and U.S. District Courts. Call 312-549-9990 or contact us via email.