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Follow on Google News | Crypto Tax Services Offered By Bitbookkeeper.comBit Bookkeeper provides crypto tax and accounting services to crypto traders, miners, and exchanges.They can help you to both determine your crypto capital gains and file your tax returns for you. They also provide crypto tax planning and consulting
Recently the IRS sent out letters to thousands of US citizens who they know have purchased cryptocurrencies who either failed to report their crypto trading activity or did not fully disclose their trades. The IRS made it clear that they will pursue penalties and interest and even potential jail time for offenders. Criminal charges could include tax evasion, and filing a false tax return which can carry 3 to 5 hard time. "Bit Bookkeeper Co. is committed to supporting the crypto community. The company is unique in that it solely focuses on crypto related tax and accounting issues. We recognize that everyone in the crypto space has been left in the dark by the IRS" said CEO Alex Cruzet. "It is not fair to threaten taxpayers when there has been very little guidance on this matter in the past five years." Mr. Cruzet states that "little guidance exists while over 11% of the US population owns Bitcoin or some other form of cryptocurrency. This gives Mr. Cruzet all the motivation he needs to step up for the bitcoin community "We know that many good people out there want to comply and desperately need help from someone who has the education and the experience necessary to navigate the complex tax laws that surround crypto transactions. Unless you have a background in accounting and tax, you are likely to make a mistake. This is particularly true when establishing the cost basis for the assets when they were acquired." When asked what advice he would give to anyone worried about not reporting their gains Mr. Cruzet replied "I think it's important that people understand that it is much better to come clean and report something you might have not included before, that's what amendments are for. Bitbookkeeper.com welcomes questions and comments. They can be reached at info@bitbookkeeper.com or via their contact form at https://bitbookkeeper.com End
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