Cryptocurrency

Bitcoin was first created in 2009, and today there are over 5,000 cryptocurrencies in play.

Cryptocurrencies are not issued or controlled by any government or other central taxing authority, and recently, the IRS has become quite motivated to regulate cryptocurrency mostly by identifying those who are not appropriately reporting it.

Handling these assets can be complicated by constant price fluctuations and a quickly changing regulatory landscape. In this rapidly evolving sector, you will need a trusted advisor well-versed in innovative tax, accounting and auditing strategies so that you can safely and appropriately manage your digital assets.

Whether you’re an individual investing in crypto or a business ready to accept crypto as a form of payment, our professionals understand the tax and accounting implications of these new technologies and can be a long-term partner in your overall success.

Lean on Sax to appropriately manage your tax filings that align with the fast-changing cryptocurrency tax rules and regulations, so you avoid penalties and maximize profits.