Alex Kugelman is an attorney concentrating on tax controversies, domestic and international tax compliance and tax collection defense. Kugelman counsels and represents individuals, small businesses and estates. His experience includes four years of federal government court experience at the U.S. Tax Court and a U.S. District Court. That background blends substantive tax law knowledge with administrative and litigation experience. This unique combination differs from that of an accountant or a general practitioner attorney.

Taxpayers with virtual currency, or cryptocurrency, are obligated to report gains from virtual currency mining and sales/dispositions. IRS is expanding enforcement efforts in this area. Taxpayers can expect the IRS to continue to pursue records and other information from virtual currency marketplaces and exchanges. Such records will make clear those taxpayers that have not properly accounted for and/or reported taxable income. Taxpayers that deal in Bitcoin or other digital currencies should assess potential liability, make appropriate disclosures and achieve compliance. We can assess your circumstance and develop a virtual currency income tax compliance plan.

VC Compliance:

• Compliance Assessment - Civil and Criminal
• Virtual Currency Income, Gain/Loss Review
• Advising Client on Potential Penalties and Available Disclosure Programs
• Preparing and Filing U.S. Tax Returns or Amending Tax Returns
• Representing Taxpayer in Appropriate Disclosure Program