How Citrin Cooperman Can Help

Many individuals have been unaware of tax reporting requirements for digital assets, cryptocurrencies, and tokens. As a result, the IRS is beginning to take action and will likely attempt to make an example of individuals who fail to stay in compliance. We can help you determine your gains and losses, correctly file your tax returns, and even amend prior tax filings to limit potential penalties and interest.

At the same time many investors are excited to gain exposure to the exciting new digital asset industry. However, start-up companies are often unprepared for scrutiny by these potential investors, with improperly prepared financial statements, internal control deficiencies, poor record keeping, technological/cybersecurity hurdles, and lack a proper financial statement audit. We help companies address these issues to become “investor ready” with in-depth experience from every area of the firm through our thirty-plus member digital asset committee.

We utilize a team based approach to service all of your cryptocurrency and token related needs. Whether it is tax reporting, technical accounting, strategic planning, estate planning, or advice regarding entity formation for a cryptocurrency based investment fund, Citrin Cooperman has the professionals to help.