CRA Crypto Audit Lawyer You Can Trust
Experience with the CRA
Rotfleisch and Samulovitch P.C. has 35 years of experience dealing with the CRA, including tax planning, Voluntary Disclosures, tax prosecution, and more. We add a passion for tech innovation and understanding of NFTs and crypto to our years of experience with the CRA.
Experience in CRA Tax Audits
Crypto Tax Lawyer knows the ins and outs of tax audits and CRA crypto tax audits. We know what they’re looking for, how to communicate with them, and what it takes to negotiate with the CRA.
We provide end-to-end services and solutions. If you’re facing a CRA tax audit that leads to tax prosecution, we can continue to represent you and advocate on your behalf. We can also preempt tax audits through Voluntary Disclosure submissions and smart crypto tax planning.
Rotfleisch and Samulovitch P.C. is a law firm with years of experience dealing with the CRA, tax planning, and tax prosecution. Our reputation speaks for itself when it comes to helping clients through tax audits.
Crypto Tax Lawyer & CPA
Founding tax lawyer David Rotfleisch is a Certified Specialist in Taxation in Canadian tax law, as well as a Chartered Professional Accountant (CPA). He also has a passion for technology and extensive knowledge of NFT and cryptocurrency taxes.
Get a Seamless Audit Experience
A CRA crypto tax audit can be stressful to handle on your own. We provide seamless support and end-to-end solutions to represent and guide you through the tax audit experience.
CRA Tax Audit Solutions
Your first step when facing a CRA cryptocurrency audit is to get answers to all of your questions. You may also want help building an income tax strategy that will help you avoid a crypto audit in the first place by staying up-to-date with the CRA.
Our NFT and crypto tax lawyers can help you avoid providing inaccurate information during an audit and assist with all forms of communication with the CRA.
Avoid Common Mistakes
Common mistakes that can trigger a CRA tax audit include talking about your tax situation to coworkers, family, or friends, large fund transfers, offshore accounts, and large charitable deductions. Smart income tax planning can help you avoid these common mistakes.
The CRA can take a large number of documents from your workplace, home, and your accountant’s office. Tax audits can be wide-reaching in scope, and if you are facing a CRA crypto tax audit, they may investigate other elements of your income and reporting as well.
Preventing Penalties & Allegations
One major concern during a crypto audit is that the CRA can conclude that there is enough evidence to pursue the taxpayer for tax evasion or fraud. Working with a crypto tax lawyer can help you avoid tax prosecution and unnecessary penalties.
Crypto Tax Lawyer provides you with the professional support you need to navigate a crypto tax audit with the CRA. An expert in tax audits and crypto tax laws in Canada will tell you what to expect, provide legal advice, and support you as the CRA collects documentation and information about your tax returns.
Advocacy & Negotiations
You need an advocate who represents you when communicating and negotiating with the CRA. When the CRA proposes an amendment to past years’ returns, you may want to provide a new proposal in light of new information. The process is easier with an expert familiar with the tax auditing process and the technical nature of NFT and crypto transactions.
Voluntary Disclosure Programs
If you are concerned that a crypto tax audit could yield unfavourable results but no investigation has been initiated, the Voluntary Disclosure Program (VDP) is an option worth exploring. You can correct past years’ tax returns through the Voluntary Disclosure Program, including declaring crypto taxes you did not report, without incurring additional penalties beyond the amount owing.
Crypto Tax Planning
Good crypto tax planning can prevent a crypto audit or leave no inaccuracies for the CRA to uncover. The right crypto tax plan can help you save money on your taxes and protect you from CRA crypto audits.
Be Aware of Potential Prosecution
Prosecution for crypto tax evasion or tax fraud can be time-consuming and expensive, and it can also lead to extensive penalties and even jail time. When the CRA completes an audit, they may forward your case to Crown (CRA Department of Justice) prosecutors.