Understanding the Tax Implications of Cryptocurrency Staking: Revenue Ruling 2023-14

Introduction Cryptocurrency, specifically its staking mechanisms and its tax consequences continues to be a hot topic. We’ve previously discussed the topic here. Recently […]

Phil Gaudiano, CPA3 min read

Some NFTs May Soon Be Considered Collectibles

By: Phil Gaudiano, CPA In a recent development, the Internal Revenue Service (IRS) has issued Notice 2023-27, which announces its intention to provide […]

Phil Gaudiano, CPA2 min read

Understanding IRS Guidelines on Charitable Contributions of Cryptocurrency

Recently, the cryptocurrency space has grown exponentially, with digital assets becoming a significant part of the financial landscape. As this new financial […]

Phil Gaudiano, CPA3 min read

The Tax Impact of This Year’s Platform and Protocol Failures

By: Phil Gaudiano, CPA Note: This article originally appeared as part of CoinDesk’s Tax Week. Throughout 2022, the crypto economy has been in the […]

Phil Gaudiano, CPA4 min read

Two new crypto tax provisions to know

By: Phil Gaudiano, CPA There are a number of tax policy provisions in various stages of discussion in Congress. Relevant to crypto […]

Phil Gaudiano, CPA3 min read

The Jarretts Didn’t Break Any Ground for Stakers

By: Phil Gaudiano, CPA On the evening of February 2, news broke that the IRS had agreed to refund Joshua and Jessica […]

Phil Gaudiano, CPA4 min read

Understanding the Ponzi Scheme Loss Deduction for Celsius Crypto Losses

Introduction: The collapse of Celsius, a major cryptocurrency lending platform, left many investors facing significant financial losses. In such cases involving potential fraud, […]

Phil Gaudiano, CPA3 min read

Digital Assets and Consensus Mechanism Changes – A Tax Perspective

By: Phil Gaudiano, CPA As the world of digital assets continues to evolve, many investors and users of cryptocurrencies find themselves navigating […]

Phil Gaudiano, CPA3 min read