Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR does his best to inform cryptocurrency holders about the responsibility of filing taxes on the value of their digital holdings and how the IRS is targeting all Americans holding alternative currencies.
Fairhope, AL, July 19, 2018: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published a blog on his website entitled “How The IRS Is Cracking Down On Cryptocurrency Holders,” in which Mr. Willis encourages his readers to be forthcoming.
Willis writes, “In the financial world cryptocurrency is all the buzz.” “With so much talk,” he adds, “you’d think everyone would be diving in for some of the unbelievable sounding rewards. The IRS seems to think everyone is, since for the past two years, they have begun targeting cryptocurrency users and companies.” He elaborates further, “They want to make sure they are getting what they think they deserve or rather they are wanting to ensure that everyone reports their capital gains and losses properly.”
Willis shares information regarding the confusion about tax responsibilities from an online source, which he says is “dedicated to educating readers about cryptocurrencies.” The article states, “So far, it seems the average person on the street is still behind the curve in this regard. Whether that is intentional or not remains unclear at this time.”
Willis states “While the IRS and perhaps a majority of Americans are mesmerized by alternative digital currency, it seems the only thing it has taken over is the imagination as pointed out in an article at cnbc.com,, “Less than 8% of Americans own cryptocurrencies.” The Article also stated that, “the market capitalization of all cryptocurrencies (below $400 billion) is less than half the market cap of one company: Apple, which has a market capitalization of more than $900 billion.”
The entire blog can be read at: http://www.irsallstar.com/blog/how-the-irs-is-cracking-down-on-cryptocurrency-holders.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 19 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.