If you are a taxpayer with investments in Bitcoin, it's important to follow the IRS reporting rules. The IRS has begun to crack down on undeclared Bitcoin transactions and those who are concerned they could come under IRS investigation should talk with a New Jersey tax attorney about their options.

A New Jersey business tax attorney can provide assistance to companies who want to understand how they can legally work within the parameters of the U.S. tax code to reduce the amount of taxes that are due. The United States has one of the world’s highest corporate tax rates, so many organizations take steps to try to limit their tax burden. This is true of companies of all sizes, but especially of Fortune 500 companies.

If you have undeclared offshore funds in a financial account, it is imperative you talk with a New Jersey international tax attorney about how you can come into compliance with your tax obligations.  The chances that your information will fall into the hands of taxing authorities are substantial, in light of both cooperation by many foreign financial institutions with U.S. as well as in light of recent and repeated leaks of financial information about offshore accounts.

Since the great recession, many investors have turned for help to a New Jersey international tax attorney because they were facing legal complications associated with offshore accounts.

Efforts to fight tax evasion have intensified greatly in recent years, but this does not mean that people still don't invest their money in foreign financial accounts. There are many legitimate reasons to invest in offshore financial institutions, but investing funds offshore is typically greeted with strong suspicion by taxing authorities.