IBN, is pleased to announce the latest CryptoCurrencyWire audio production featuring Andrew Gordon, Managing Attorney of Gordon Law Group, a firm that focuses on helping individuals and businesses navigate the intricate world of digital asset taxation, including NFTs and DeFi. In the interview, Gordon outlines key steps for maintaining tax compliance in the crypto space, stressing that investors using multiple exchanges must take responsibility for gathering and organizing all relevant records. He notes that recordkeeping is a basic but crucial element of compliance, especially in a space where standardization across platforms is lacking.
Gordon also highlights the longstanding IRS requirement to report crypto as property, dating back to 2014, and the increasing visibility the agency now has into digital transactions. He explains how individuals can come into compliance by amending prior tax returns or using formal channels like the IRS Voluntary Disclosure Program. With the IRS now receiving data from a growing number of sources, including foreign exchanges, Gordon warns that enforcement efforts are ramping up—many taxpayers are already receiving warning letters. He encourages those affected to act proactively and seek professional guidance before more serious actions are taken.
To hear the full CryptoCurrencyWire audio production, visit https://ibn.fm/HJeUc
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About CryptoCurrencyWire (“CCW”)
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 the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. 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.
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CryptoCurrency News Wire is where News, content and information converge via Crypto.
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