Tax Planning and Tax Consulting/Advisory Services
Investors and traders of digital assets may face complications in their efforts to maintain tax compliance, leading to their need for expert tax planning and advisory services that can address their specific situation.
These services often extend beyond the software-driven tax compliance solutions available in the marketplace. Several accounting and law firms have specialty tax practices that integrate tax planning for digital assets within the taxpayer’s comprehensive tax profile. These practices consider such topics as gain/loss planning, investor vs. dealer considerations, income vs. gain planning and other complex and bespoke considerations. These firms may also assist with tax notices, tax audits, voluntary disclosures, litigation, foreign account reporting, amended returns and discussions with tax authorities.