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 […]
Tax Consequence of Crypto Loans
By: Sharon Yip, CPA More and more crypto exchanges, such as Coinbase, Binance, BlockFi, and Nexo.com offer crypto loans. You can borrow […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Demystifying the Bidens’ S Corp Compensation: A Look at Reasonable Salaries for S Corp Owners
By: Phil Gaudiano, CPA Recent discussions have brought the financial practices of Joe and Jill Biden into the spotlight, particularly their use […]
Crypto Asset Inheritance Plan
By: Sharon Yip, CPA For crypto investors who want to pass their crypto assets to the next generation, there are some unique […]
Congress passes the American Rescue Plan Act
By: Phil Gaudiano, CPA While the COVID-19 pandemic is finally slowing down, the economic damage that it caused lingers on. In order […]
Can You Avoid Paying Your Crypto Taxes Legally?
By: Sharon Yip, CPA Many people wonder how the rich can get away without paying their taxes, legally speaking of course. But […]