cryptotax

DeFi Tax Series #1 - U.S. Tax Implications of DAI Steemians, today marks the first installment of the DeFi tax Series. Stablecoins have become increasingly popular in the crypto space. One project of

Hello Steemians! The sun is setting on 2019, and tax season is near! Do you have a U.S. cryptocurrency tax question? Ask me anything - 2019 Edition. Even if not crypto related, feel free to ask. Terms

The IRS has updated Schedule 1 of Form 1040. Now taxpayers are required to disclose on their tax forms if they had transactions with crypto and other virtual currencies. Form 1040 is the tax document that

Updated IRS Tax Guidance! After hitting my two-year anniversary on Steemit, I was starting to think this day would never come! Today, the IRS released updated tax guidance: Frequently Asked Questions on

July 26, 2019 Starting this week, United States taxpayers will be receiving official IRS letters concerning their obligation to report gains in compliance with virtual currency reporting requirements that

July 15, 2019 Last week, Coindesk.com reported that the United States IRS will be pursuing tech companies to dig up information on non-compliant cryptocurrency users. The details of the the IRS methodology

The IRS will soon be issuing crypto tax guidance on cost basis and the tax treatment of forks. This is long awaited! I will be pushing through a thorough analysis once the guidance is released - stay tuned!

Crypto Tax E-Book (April 2019) Bookmark this Page to Navigate the E-Book Introduction To Series Part I-A – U.S. Tax Consequences of Holding Crypto for Investment Section #1 (General): Appendix A (Securities):

Do you have a U.S. cryptocurrency tax question? Ask me anything! Even if not crypto related, feel free to ask. It's been a while since I posted. I had a lot of fun with this AMA the last time I did this,

Today we discuss the FBAR that is due tomorrow. I did intend to write this earlier however I have been tied up with the October 15th deadline. General The United States FinCEN requires taxpayers who own

With Tax Reform in the rear view manner, Congress is pressing the IRS to issue additional virtual currency guidance. Soon? Two Weeks? I wouldn't be surprised to find out some guidance is already in the

My 1 year anniversary on Steemit was this week. The passing of my first year seemed like the perfect time to summarize my impression of Steem/Steemit and the value it provides the crypto community. Year

I was excited to check my transactions on EOSFlare this AM to find a transfer from everipediaiq. Everipedia is a decentralized wikipedia. The platorm is moving to EOS and as such they have begun an airdrop

Updated IRS guidance on cryptocurrency taxation may be coming soon! The crypto space has significantly evolved since the IRS released its initial guidance in 2014. As such there are many unresolved nuances

Hello EOS Community, I'm not sure if this is an issue or if I am just getting lucky. It seems I received air drop credit for tokens that I sold on June 1 prior to the snapshot. This isn't happening on

Today we discuss the U.S. tax considerations for the upcoming main net token swap for EOS. (Note: Although U.S. citizens are not permitted to participate in the token sale, they may have acquired the EOS

To U.S. based Blockchain companies (or U.S. shareholders of foreign companies): Coinciding with the launch of EOS mainnet, I am now offering tax services to U.S. based companies getting involved with the

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I am excited to report, on March 19, 2018, the Section of Taxation issued comments to the IRS, which in my opinion is a landmark analysis of the tax issues related to Bitcoin cash forks. The letter includes

This article discusses a few helpful tips/resources for U.S. citizens coming up short to pay the IRS this tax season as a result of their 2017 crypto gains. The Issue In the U.S., it has been reported