IRS and the Coinbase Summons In 2018, Coinbase handed over information on more than 14,000 account holders to the IRS. Since that time, cryptocurrency traders have held their breath waiting for IRS enforcement. In June 2019, cryptocurrency traders are seeing the first step of that enforcement – IRS Letter 6174-A. This has all the hallmarks … IRS Launches Cryptocurrency Enforcement Campaign Likely Targeting Coinbase Account Holders

First Conclusive Indication Regarding Altcoin Trades Cryptocurrency traders often ask whether an altcoin trade, exchanging one cryptocurrency for another (e.g., bitcoin for ripple), is a taxable event. For practical and financial reasons, many cryptocurrency traders hoped that it was not. And many taxpayers that conceded altcoin trades were taxable, argued that like-kind exchange rules under … IRS: Altcoin Trading is Taxable Event

Did you recently receive Letter 6174-A from the IRS? If you are a crypto holder who has received IRS Letter 6174-A, then this is what you should about it and the questions you should be asking. Is this the IRS acting on Coinbase summons information? It is a reasonable assumption, but the notice does not … IRS Letter 6174-A, Questions Every Recipient Should be Asking

How To Stay in Crypto Tax Compliance Cryptocurrency accounting presents a unique challenge for U.S. taxpayers who must deal with incomplete records, unique documentation standards, and limited IRS direction. Cryptocurrency tax attorney Alexander Kugelman joined the Crypto Craze TV show to explain why compliance with crypto tax laws is so difficult and what can be … The Crypto Laws You Need to Know for Tax Season

Crypto Tax Podcast Cryptocurrency tax attorney Alex Kugelman appeared on the BitcoinTaxes Podcast with Salvatore Vescio to discuss the purpose behind IRS Letters 6173, 6174, and 6174-A and what they mean for crypto users and traders. Listen to the full podcast here! We Can Help with Your Cryptocurrency Tax Compliance Kugelman Law is a tax … What IRS Letters 6173, 6174, 6174-A Mean for Crypto Users

Crypto Tax Audit Podcast Alex Kugelman, a tax controversy lawyer with expertise in cryptocurrency and IRS audits, joined the BitcoinTaxes Podcast for a deep dive into a cryptocurrency tax audit. Host Salvatore Vescio asked Alexander questions about what to do in the event of an IRS Criminal Investigation (CI) and how the COVID-19 pandemic has … An In-Depth Look at a Cryptocurrency Tax Audit

California Estate Planning Attorneys California voters approved Proposition 19 in November 2020 that primarily limits people who inherit family properties from keeping the low property tax base unless they use the home as their primary residence. This could have severe financial consequences for children who inherit property from their parents starting on and after February … California Proposition 19 Tax Impact on Transfer of Property

Crypto Tax Compliance A current court case regarding taxation of cryptocurrency staking could have long-lasting ripple effects throughout the crypto community. The lawsuit (Jarrett v. United States) filed by a Tennessee couple claims staking rewards should not be counted as income. Crypto staking is a way of earning rewards for holding certain cryptocurrencies on proof-of-stake … Pending Court Case Could Impact Taxation of Crypto Staking Rewards

How Proper Estate Planning Can Help Avoid Probate Probate administration is a legal proceeding supervised by the California Superior Court that resolves a person’s legal and financial affairs after death. The two primary goals of probate are to pay off debts and distribute the remaining property to legal heirs or beneficiaries named in a will.   … California Estate Planning Laws

After graduating with a Bachelor of Arts degree in Legal Studies from University of California, Berkeley, Eric Ahern wanted to take a transition year to confirm that the legal field was the right fit for him. Working as a Legal Assistant at Kugelman Law gave Eric the experience and confidence needed to properly prepare for … Working as a Kugelman Law Legal Assistant