We resolve crypto tax issues and help you retain more of your earnings.
Whether you're undergoing an IRS audit or need clarity on crypto tax consequences, our top-tier cryptocurrency tax lawyers will provide assurance and ease your concerns.
- Over 1,500 cryptocurrency tax reports prepared
- Led by a tax attorney and CPA
- Specializing in crypto tax law since 2014
Finally clear answers to all your tax and legal queries.
Let's face it, cryptocurrency taxes can be bewildering.
Simply reporting profits and losses from virtual currency deals on your tax forms is tough as it is. And if the IRS shows up asking for an in-depth review of your records? It can be quite intimidating.
Almost every day, we face new questions about reporting duties and how the existing tax laws apply to this revolutionary technology. At Dallas Crypto Tax Law, our team is genuinely enthusiastic about crypto and eagerly ready to tackle your legal hurdles.
Our skilled crypto tax attorneys can assist you with:
Resolving crypto tax debts or contesting an IRS cryptocurrency audit
Crafting an easy, precise crypto tax return—no matter the complexity of your transactions
Cutting costs on your crypto taxes through precise reportage and strategic tax planning
Amending crypto tax returns and settling outstanding taxes
GAAP-compliant bookkeeping for your Web3 enterprise
Addressing any specific crypto tax queries you might have. No question is too intricate. (Seriously—try us!)
Supported activities include:
- Staking
- Mining
- NFTs
- DeFi
- Airdrops
- Leveraging crypto for businesses
- DAO membership
- Margin trading
- Bot trading
Master your crypto taxes in 3 straightforward steps
- Book a confidential consultation with our seasoned cryptocurrency tax law team
- Develop the most efficient tax strategy for your specific situation
- Reduce your tax liabilities and keep more of your profits!
What to consider when choosing a cryptocurrency tax lawyer
Whether you're preparing your annual tax return or defending against an audit, it's crucial to select a professional with an in-depth understanding of tax law and blockchain technology.
Let's TalkHow well-versed are they in cryptocurrency?
Cryptocurrency dealings extend beyond simple buy, sell, and trade actions. Every fresh technological invention brings fresh tax dilemmas to tackle.
Your crypto tax adviser should remain abreast of the latest trends and assess tax handling for new kinds of activities. For instance, does your tax expert understand the discrepancy between ERC-721 and ERC-1155 tokens? Are they knowledgeable about liquidity pools? Bot trades? Ordinals?
The team at Dallas Crypto Tax Law has a deep-rooted passion for crypto—more than half of our experts personally invest, and a third participate in DeFi.
Which crypto tax software do they utilize?
An adept cryptocurrency tax attorney should be capable of working with any software you prefer: Koinly, CoinLedger, TokenTax, etc. More crucially, they should have a systematic approach for addressing transactions beyond the software's capability.
At Dallas Crypto Tax Law, our experts are adept in working with any crypto tax software. We are also prepared to assist you in transitioning to a new tool if necessary, and resolve issues with software's computational accuracy.
Do they offer tax treatment options?
The IRS has issued minimal guidance on virtual currency taxes. Tax professionals need to apply existing guidelines to your trading actions. There are often various ways to interpret your transactions from a tax standpoint.
Dallas Crypto Tax Law will thoroughly explain your options, allowing you to decide between a conservative or aggressive tax stance whenever possible.
Which cost basis methods do they use?
Your cost basis method (also known as your accounting method) affects your total tax responsibility significantly. But be cautious—the IRS typically accepts just two methods, FIFO and Specific ID. Discover more about cost basis methods here.
How many crypto tax audits have they defended?
If you're facing an audit, you need someone skilled in both IRS resolution and cryptocurrency tax law. Our attorneys have defended numerous audits, including many involving cryptocurrency.
We've found that the IRS often miscalculates crypto taxes. If not handled carefully, you could end up overpaying. Ensure you hire a competent advocate with specific expertise in combating crypto tax audits.
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How can a crypto lawyer assist you?
We've assisted individuals in saving millions on crypto taxes and fines!
Address an IRS crypto notice.
If you’ve received an IRS notice, like the CP2000 or others, don't stress. You might feel perplexed about why the IRS claims you owe a significant amount, particularly if you experienced losses in your crypto deals. Fear not—Dallas Crypto Tax Law has successfully helped clients navigate this issue.
We've managed to cut down numerous crypto tax liabilities by thousands or even hundreds of thousands of dollars. With comprehensive knowledge of crypto tax law and IRS settlement practices, we’ll assist in safeguarding your rights and finances.
Concerned about filing because you can’t cover your tax expenses?
It's common to owe large sums in taxes for money you no longer hold, courtesy of severe market fluctuations in crypto. Rather than liquidating your crypto or offering the IRS something priceless, reach out to our cryptocurrency tax lawyers.
Need extra time for payment? We can assist in setting up a manageable tax payment arrangement. In some situations, we may even negotiate with the IRS to reduce what you owe.
Escape crypto taxes (legally).
Our crypto tax attorneys can help you devise a robust, tailored strategy for reducing tax payments—100% lawfully. Regardless of whether your portfolio amounts to thousands or millions, we'll pinpoint significant saving opportunities.
We streamline the process by offering practical guidance tailored to your case. For instance, we don't merely suggest donating crypto to charity for dual tax benefits. We identify specific tokens from the right wallets that can maximize your savings.