Blog

If You Traded Bitcoin, You Should Report Capital Gains To The IRS | Gerson Preston The IRS considers cryptocurrencies, including Bitcoin, to be “intangible property.” Investors and traders holding cryptocurrency as a capital asset should use capital gain or loss tax treatment on sales and exchanges, with the realization method. For example, if you buy Bitcoins with U.S. dollars and later sell them for U.S. dollars, a capital gain or...

Gerson Preston Partner Steve Klein Discusses the Tax Implications of Hurricane Irma | Gerson Preston Hurricane Irma’s impact is still being felt by small and midsize law firms in Florida, as those that lost significant revenue are now being forced to reach out to financial professionals for help in bridging a cash crunch. Apollo Bank CEO Eddy Arriola—whose bank serves solo practitioner firms as well as firms with as many...

Gerson Preston Partner Stuart Rohatiner Discusses International Tax Planning and Compliance at Harvard Club in New York City | Gerson Preston The Harvard Club of New York is a private social club located in Midtown Manhattan, New York. The club is the sole club in New York City whose membership is restricted almost entirely to alumni and faculty of one university, Harvard University. Stuart Rohatiner, a partner at Gerson Preston,...