Hey Reddit, I'm Michael Brandwein, a business and tax attorney at Gordon Law Group. We’re a crypto-focused law firm based in Chicago. I want to help you save some money on crypto taxes, protect your assets, avoid legal headaches, and more!
Here are some of the things I can answer questions about (US law only):
Puerto Rico Tax Haven: If you are in the United States and dabble in crypto, you know Uncle Sam wants his cut of the gains. However, there’s a completely legal way for US citizens and green card holders to get 0% capital gains tax on certain investments and 4% income tax on certain business income. It’s called Puerto Rico Act 60. Not everyone qualifies, but for some individuals and businesses, it can unlock enormous tax savings!
Asset Protection (Digital and Traditional Assets) with an Offshore Trust: You can protect your assets by exploring offshore trust structures that allow you to have your assets but can better protect your net worth!
Crypto Businesses & Startups: If you have a crypto business, you may be interested in offering tokens to your employees as incentives or compensation, similar to stock options. There are pros and cons to these grants, but there are many legal and tax implications to consider! I can also answer questions about business formation, contracts, M&A, and disputes that may not be crypto-specific.
Although crypto tax in general is not my focus, I may be able to answer your questions about that, too. AMA!
Disclaimer: The information provided pertains to the United States. Information contained in this post and in the comments is intended for general informational and educational purposes and does not constitute legal advice. Reading this post, reading the comments, receiving a reply to your comment, or sending a direct message to this account does not create an attorney-client relationship. Contact an attorney for legal advice regarding your specific situation.
This material may be considered an attorney advertisement.
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