Cryptocurrency / Bitcoin Tax Services
Cryptocurrency is a digital currency system that uses high-level encryption techniques for security. This makes it very difficult to counterfeit. Cryptocurrency is also decentralized—meaning it isn’t managed by the U.S. government like our paper and coin money system.
Virtual currency, particularly Bitcoin, is becoming more popular, especially among young people. Relatively new, it is still subject to U.S. tax laws, which means that cryptocurrency investors and users need a tax professional that understands the complexity and nuances of cryptocurrency and Bitcoin tax laws.
How J. Kelly & Associates Can Help
You’ll be confident in your income taxes as prepared by J. Kelly & Associates when it comes to Bitcoin tax and cryptocurrency matters. We provide reliable accounting support for taxable cryptocurrency transactions, such as:
Exchanging cryptocurrency for flat money, or “cashing out”
Paying for goods or services, such as using Bitcoin to pay for online services
Exchanging one cryptocurrency for another cryptocurrency
Advise your business in paying government taxes on or in cryptocurrency
Receiving mined cryptocurrencies (cryptocurrencies that have been decrypted and verified using Blockchain technology) for forked cryptocurrencies (cryptocurrencies that have been split in two).