IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest CryptoCurrencyWire Audio Production as part of its sustained effort to provide specialized content distribution via widespread syndication channels.
CryptoCurrencyWire’s latest audio production features Andrew Gordon, Managing Attorney of Gordon Law Group, a firm specializing in helping individuals and businesses navigate the complexities of digital asset taxation, including NFTs and DeFi.
During the interview, Gordon discussed some key steps to staying on the right track with tax compliance, particularly when it comes to crypto activity.
“Crypto tax compliance is, unfortunately, quite difficult. As a taxpayer or individual investor, if you’re trading on more than just one exchange, you typically are responsible for your own tax reporting,” said Gordon. “You need to obtain all the different documents from different exchanges or sources that you’ve used and compile those tax reports. One of the most important yet basic steps is to ensure you have all records or documents from the various exchanges or platforms where you’ve traded.”
“The IRS has had a question on tax returns for quite a few years now asking taxpayers whether or not they’ve had crypto activity to report. Going all the way back to 2014, the IRS issued guidance saying that crypto was reportable on your tax return as property, so this requirement has existed for many years. We talk to people all the time who are just learning about this requirement but wanting to be on the right side of the law and tax compliant.”
“The IRS has a few ways to do this. One of the most straightforward ways is amending your tax returns, working with a professional or identifying what those crypto amounts should be on your own. There are also more formal programs, such as the IRS Voluntary Disclosure Program, which is available for people who knew they had to report but for whatever reason did not… The IRS is getting more information than ever before from a variety of sources, including exchanges that are located outside the U.S… With this information, the IRS has decided to send a warning letter to many individuals, identifying crypto transactions that may not have been reported. We’re talking to people on a daily basis that have been receiving this letter, so it’s a great opportunity to be proactive if you haven’t fully reported previously.
Join IBN’s Jonathan Keim and Andrew Gordon, Managing Attorney of Gordon Law Group, as they further explore common mistakes taxpayers make when it comes to digital assets.
To hear the entire episode please visit: https://www.CryptoCurrencyWire.com/CryptoNewsAudio
The latest audio production from CryptoCurrencyWire continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers, and the growing IBN Podcast Series. For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.
To learn more about IBN’s achievements and milestones via a visual timeline, visit https://IBN.fm/TimeLine
About CryptoCurrencyWire
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer
About IBN
IBN consists of financial brands introduced to the investment public over the course of 19+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Through our Dynamic Brand Portfolio (DBP), IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.