Dashiell Shapiro is a Tax Partner at Wood LLP in San Francisco, CA, and a former DOJ Tax Attorney. His practice focuses on tax controversy and audit defense and includes international tax and financial products/cryptocurrency tax planning work.
Fake documents or lies can make taxpayers’ problems, that were likely manageable, much worse.
The notion that US and Puerto Rico tax authorities will allow cryptocurrency sales to escape taxation entirely is pretty optimistic.
Properly designed loans, swaps and forward contracts offer a way to lock in profits now and defer tax until later.
Governments increase pressure on the crypto world: the taxation of cybercurrency is just around the corner.
There is an ancient tax that can actually become a solution for cryptocurrencies.