One of the latest pushes in economics is the elusive cryptocurrency. Giants like Bitcoin, Dogecoin and more are hot, with more and more people learning about these currencies. People are making, and have made, significant investments into cryptocurrency.

However, most people do not realize the tax ramifications of cryptocurrency. To put it bluntly, cryptocurrency is taxable by the IRS.

Jeff Badu offers tax preparation services for residents of Chicago, Illinois. He has carefully followed the cryptocurrency phenomenon and its potential tax issues for himself and many of his clients. He has been steadily reading and preparing for clients with cryptocurrency transactions.

“There are several ways you will not need to pay tax on your cryptocurrencies. For instance, gifts and donations to 501(c)3 organizations are not taxed. However, using currencies to make purchases or traded for cash are taxed, and the IRS watches these transactions carefully,” said Badu, speaking as a business tax consultant in Chicago, Illinois.

Badu does not offer advice or opinions on crytocurrencies. His sole goal is to help those who do have these currencies meet their tax obligations and avoid issues with the IRS.

“If you want to stay out of the sights of the IRS, be ready to meet your tax obligations. I can help you with this and am always welcoming new clients, businesses and organizations. Feel free to contact me for additional information or an initial appointment,” said Badu.

Badu Tax Services offers a variety of tax and accounting services in Chicago, IL. Badu’s website contains all of the information potential clients will need to prepare their tax requirements. Go to www.badutaxeservices.com for details.

Media Contact
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Phone: 773-819-5675
Address:4258 N Greenview Ave Ste 1E
City: Chicago
State: Illinois 60613
Country: United States
Website: http://badutaxservices.com