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Andrew Gordon
Aggressive Tax Attorney, Crypto & Blockchain, FTC and IRS Defense, Corporate Counsel
Andrew Gordon is an Adjunct Professor at Chicago-Kent College of Law, Illinois Institute of Technology.1 He has a background in law and brings the benefit of big-firm experience while providing the attention to detail typically associated with smaller firms.1
In addition to his role as an adjunct professor, Andrew Gordon is also a CPA (Certified Public Accountant) who has been actively involved in advocating for crypto tax reform.2 His expertise spans both legal and financial domains, making him a valuable resource in these areas.
Gordon is also involved in helping lawyers improve their client acquisition through creative marketing strategies.3 His work has gained recognition, with mentions in prominent publications such as Forbes, Inc, and Entrepreneur.3
While the specific courses he teaches at Chicago-Kent College of Law are not mentioned in the provided information, his diverse background suggests that his teaching likely covers areas related to law, taxation, and possibly the intersection of law and technology, given his involvement in crypto tax reform.
Professional Activities
Andrew Gordon appears to be active in sharing insights and updates about his professional activities on LinkedIn. He has posted about:
These activities indicate that Gordon is engaged in both the academic world and practical applications of law and finance, particularly in emerging areas like cryptocurrency regulation.
Highlights
2024 might be the last year to take advantage of the crypto wash sale loophole!
President Biden’s proposed 2025 budget seeks to apply the wash sale rules to digital assets, which have so far avoided falling under this rule.
The wash sale rule disallows losses if you sell at a loss and buy the same security back within 30 days.
Check out my video explaining the wash sale rule and why you might want to harvest your tax losses before it’s too late!
This week, we faced a challenge: a client believed he'd lost 12 BTC, almost $850,000. Our task was to dive deep into the transaction history and make sense of what happened.
We started tracing transactions and building tax reports, which revealed the bitcoins were deposited but never withdrawn. This was our lightbulb moment; the BTC had to be somewhere.
The solution was simpler than expected. The issue was an outdated wallet. Once updated, the lost Bitcoin reappeared, turning years of worry into relief.
This situation highlights the importance of diligent crypto tracking and reporting. It’s not just about tax compliance; it’s about understanding and securing your financial assets. Our work often uncovers more than just numbers; it can recover lost wealth and provide peace of mind.
In navigating the complexities of crypto taxation, we're reminded of the real-world impact our expertise has. It's about more than just fulfilling tax duties; it's about solving problems that significantly affect our clients' financial well-being.
Well done to Gordon Law Group team!
