What Are Unrealized Gains? A Simple Guide That Could Save You Money
If you invest in cryptocurrency, stocks, or other assets, you’ve probably heard the term “unrealized gains.” But what exactly does it mean, and why should you care? Understanding unrealized gains can help you make smarter financial decisions and, more importantly, avoid unnecessary tax liabilities.
The Tax Implications of Different Crypto Transactions: Trading, Mining, and Staking
Explore the tax implications of trading, mining, and staking cryptocurrencies. Our technical guide breaks down complex scenarios for informed decision-making.
7 Crypto Tax Mistakes That Could Trigger an IRS Audit in 2025
Avoid costly crypto tax mistakes that could trigger an IRS audit in 2025. Learn about Form 1099-DA, DeFi tax rules, and how to report crypto transactions correctly
The Benefits of Using Stablecoins as a Payment Mechanism for Your Business
In today's fast-paced digital economy, businesses constantly look for ways to optimize cash flow, reduce transaction costs, and improve payment efficiency. One emerging solution that is gaining traction is the use of stablecoins as a payment mechanism.
2025 Crypto Tax Guide: What You Need to Know to Avoid Trouble with the IRS
This comprehensive crypto tax guide will help you understand the latest rules, avoid common pitfalls, and explore strategies to optimize your situation in 2025.
Revenue Procedure 2024-28: Navigating the New Basis Allocation Rules for Digital Assets
By: Sharon Yip, CPA In a pivotal move toward enhancing the clarity of digital asset taxation, the IRS issued Revenue Procedure 2024-28, […]
Gifting Cryptocurrency
By: Sharon Yip, CPA Gifting cryptocurrency to friends and family is quite common amongst crypto users, especially during a bull market like […]
Infrastructure Bill passes — What it means for crypto investors
By: Phil Gaudiano, CPA Late Friday, the House passed the Infrastructure Investment and Jobs Act (download here). Tucked into the over 1,000 pages […]
Navigating the Complexities of Draft Form 1099-DA
As the IRS prepares to launch the new Form 1099-DA (available in DRAFT form now) for reporting digital asset transactions in 2025, it is […]
Self-Directed IRAs — Investing for Retirement with Crypto and Other Alternative Assets
By: Phil Gaudiano, CPA As alternative asset classes move toward greater acceptance, many people have become interested in including non-traditional investments in […]
Sales Tax & NFTs – More Questions than Answers
By: Phil Gaudiano, CPA As the market for non-fungible tokens (NFTs) continues to grow, it’s important for buyers and sellers to understand […]
New Beneficial Ownership Reporting Requirements
By: Phil Gaudiano, CPA The Financial Crimes Enforcement Network (FinCEN) has recently introduced new reporting requirements for Beneficial Ownership Information (BOI), likely […]