crypto tax accountant nyc
As this happens, there are not only tax questions but overall investment management questions that arise, particularly around risk. In 2020, I leaped into crypto. Subscribe Call: (214) 361-1131 Get Directions. Cryptocurrency / virtual currency transactions, and mining coins are subject to income tax. info@3maccounting.ca; 416-333-1116; . Trib., May 17, 2021). Harness Wealth CPAs represent clients that hold crypto assets that invest long-term, actively trade, farm, stake, as well as mine. var pid289809 = window.pid289809 || rnd; The tribunal reasoned that the federal treasury regulations approach to goodwill as property should determine its treatment for NYS personal income tax purposes because of the states federal conformity rule in N.Y. Tax Law 607(a).13 The tribunals analysis in the S-corporation election context supports applying Cryptos federal status as property to the NYS and NYC self-trading exemptions as well. The tribunal determined that for purposes of the states mandatory S-corporation election under N.Y. Tax Law 660(i), investment income includes gain realized on the sale or exchange of property, including goodwill. The largest . New York, NY 641 followers . We offer other services to help individuals and businesses grow. Home - Crypto Tax Accountant About The Company We're a team of IRS Enrolled Agents and CPAs who provide tax services for crypto. var plc459496 = window.plc459496 || 0; I will continue using Clinton as my tax professional for the years ahead and would recommend him to any US citizen living abroad as well as any US citizen who is involved in trading cryptocurrency. document.write('