In response to a court order, Coinbase is reporting information on some of its users. If you have crypto transactions you haven’t properly accounted for over the past several years, now is the time to engage my firm to bring you into tax compliance.
What information and for whom is being provided to the U.S. Government?
 
Taxpayer IDs (Social Security Number or Federal ID Numbers), names, and crypto currency transaction records for traders who initiated transactions of $20,000 or more on the exchange between 2013 and 2015.  
 
My advice is to assume all of your Coinbase history is being shared with the authorities and other exchanges will quickly file suit.
 
There is no need to panic, as we have been handling crypto currency tax compliance since crypto was invented. 
 

Call us today to discuss your crypto tax concerns so we can start of the process of getting you in full compliance with the tax laws.

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Please reach out to me without hesitation with any tax, business or

accounting question, and to schedule a consultation.

Tax Laws are complex.

It is very easy to make mistakes that can incur penalties.

Do you have a Tax, Accounting or Business Question?

Call Me Immediately. (732) 673-0510.

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Remember,

“If We Aren’t Working For You, Then You Aren’t Working At Your Best”

Chris Whalen, CPA
(732) 673-0510
79 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

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