#ustax

Capital Gains & Losses (Part 1) Introduction Hey everyone! This post marks the first in a series of informative U.S. tax posts. The goal of these posts will be to provide awareness to the current state

$AST Airswap should be steered clear of by U.S. investors because the IRS requires backup withholding when paying individuals with crypto currencies. I noticed that AST has been one of the biggest gainers

I was asked yesterday in the message boards about how to not pay taxes at all on your crypto currency investments as a U.S. Citizen and I didn't have an answer at the time, but I was thinking about it

Yes, the IRS guidance came out saying crypto currencies are treated like securities rather than currency. However, this is only part of the story... Whenever you create something or do some kind of service,

FBAR reports are the filings used to report foreign bank accounts, and most crypto trading platforms host their accounts outside the U.S., and as such these accounts are considered foreign bank accounts.