Christopher Karachale, JD
Christopher Karachale advises individuals, businesses, non-profits, and government agencies on a range of tax planning and tax controversy matters at the federal, state, local, and international levels. He also serves as outside general counsel to small and midsized companies in need of corporate and general legal advice.
The IRS's crypto-compliance program is just beginning. Given the IRS's wooden treatment of cryptocurrency as property and the vast use cryptocurrency by U.S. taxpayers, noncompliance may be more extensive than the IRS currently believes. As with the foreign compliance program, we believe that the IRS will ultimately need to create an amnesty program to address the scope of cryptocurrency and noncompliance.
Tax attorneys are Hanson Bridgett LLP can provide guidance to both taxpayers and advisors regarding cryptocurrency taxation and the current IRS letters.