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.Contact Us Today »