Cryptocurrency and blockchain technology are rising market stars: Startups are using ICOs to capitalize projects, a rapidly increasing number of retail stores and professional firms are accepting it as payment, and nearly every VF in the game has a smart contract or fintech feather in its investment cap.
And yes, despite what you may have heard, laws and regulations do apply – and so do taxes!
State and federal income tax, crowdfunding, and financial reporting all affect the cryptocurrency niche. As long-time tax attorneys who entered the digital currency space early on, we understand cryptocurrency legalities — especially when it comes to tax matters.
Gordon Law Group’s cryptocurrency lawyers help businesses, entrepreneurs, and investors:
- Develop tax-efficient crypto business structures;
- File tax returns that account for cryptocurrency gains;
- Perform market research and analysis;
- Setup blockchain and cryptocurrency businesses;
- Understand the legal parameters involved with crowdsourcing initiatives leveraging digital currencies;
- Register intellectual property for new blockchain and digital currency companies;
- Arrange proper trade secret parameters for fintech startups and established businesses;
The bottom line: Our cryptocurrency law division can assist with most fintech, blockchain, and digital token legal matters.
Below is a video that dig deeper into the nexus between cryptocurrencies and tax reporting. We hope you find them useful. To view more cryptocurrency tax videos, please head to our Facebook page.