Author

Topic: Tax Preparation Services for Bitcoin (Read 787 times)

legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
November 08, 2013, 01:35:29 PM
#2
Quote
My accountant is cheaper and she gives blow jobs.   Grin

Good Luck buddy

HAHA well I wish you the best of luck, don't mix work and pleasure Wink
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
November 08, 2013, 12:16:51 PM
#1
Hello to everyone,

I am working on a way to offer my accountant services for bitcoins for this coming tax year, and since tax return preparation is my specialty, I thought that this would be a great place to start.  I am gauging interest for this service and to possibly line up some potential customers to get an idea of how much demand/work I will be looking at.

Some background about me...
Masters of Accountancy degree from Kansas State University
Working for a multi-billion dollar corporation for the past 2 years preparing tax returns for C-corp/S-corp/partnerships/and individuals
Studying to acquire my CPA license
Low, yet trustworthy presence in the bitcoin community participating in many deals from selling to buying all sorts of different items

Problems facing this type of work/workable solutions...
Anonymity - Since preparation of tax returns requires some very detailed information about individuals, I have thought a long time about how this would work.  The best thing that I have come up with would be to withhold your name and address and social security number and let you fill that stuff in.  I understand that there is no way for you to verify my authenticity, and I do not know any other ways to protect you, besides in person meetings.  If there are any suggestions please let me know.  But I will need to see copies of W-2's, 1099's, and any other information pertaining to completion of the return.

US only.

I can complete the return and email the finished product back to you to sign and mail.  I cannot protect or represent or be held accountable after you send the return.  Any information that is provided on the return you verify is complete and accurate.  (This is pretty common with any tax preparation service).

I would bill based on a time to complete basis that we can work out if interested, but I can guarantee that it will be cheaper than taking it into a CPA's office to get it done.  I would probably require an initial payment upfront, then when the finished product has been completed we can true up the difference and either refund or pay the remaining amount before the return is sent.

Return preparation time various depending on many aspects, such as income/investment level.  More complex returns will obviously take longer to complete.

I would be interested in completing federal returns as well as state returns for interested parties.  Discounts will be given if deciding for both to be completed.  Since states that I am unfamiliar with will take more time, as I will have to research the return prior to completion, I will most likely reduce the bill amount by a lot to account for learning the new return.

Please let me know if there is interest in this type of service, and we can talk more in depth if interest is shown.  I look forward to hearing suggestions for improvements to this service, as this is the first time I have heard of something like this being proposed, I would like to hear what people think about something like this.  Before anyone gets in here and says it, I understand the anonymity issue already, I do not need people pointing that out, I am looking for ways to mitigate this, or reduce people's fears about it.

Thanks for reading and I look forward to hearing from you.
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