Accountants Washington

Cryptocurrency has tax consequences

We’re the most trusted tax agents in Silver Spring, MD, for a reason. Clients keep coming back to ZP Tax year after year, entrusting their tax needs to our experienced agents. While we specialize in tax preparation and resolution, our services don’t stop there. We also provide tax services to those using cryptocurrency.

Cryptocurrencies are the digital currencies created as a means of exchange to reduce the red tape of financial institutions, but secure through blockchains. We offer tax services to a variety of cryptocurrencies, including Bitcoin, Litecoin, Zcash, Ripple, and Monero. We handle tax preparations and resolutions with cryptocurrencies the same way we do with normal cases: accurately and efficiently.

These new digital currencies affect global commerce through use in our clients’ daily life. Some benefits of using cryptocurrency include lower fees, protection against identity theft, and the ability to use it at an international level, among others. When you use cryptocurrencies, no third parties are involved with transactions. At ZP Tax, we stay up to date on the latest trends in cryptocurrencies and have the knowledge to prepare taxes accordingly.

For employers paying with cryptocurrencies and employees receiving income through the digital currency, choose us to help with your tax return. We’ll accurately manage yearly earnings and prepare all financial documents accordingly. When you trust us, you’ll experience an unmatched efficiency and accuracy throughout the process. Call us today for more information about our crypto tax preparation services.

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