Crypto taxes can be confusing, especially with the irregular price actions, airdrops, forks and other factors that come into play. And worst, you have terminologies, regulations, and filing procedures that are so different from your everyday tax filing processes. Fortunately, there are a few efficient and reliable solutions that you can use to make sure […]
Cryptocurrency trading is a complex and often confusing activity. As the value of cryptocurrency continues to rise, more investors are turning to crypto as an asset class. With all this new money pouring into the space, it’s essential that you understand how to properly account for your profits or losses when filing taxes. Unfortunately, you’d […]
As of 2022, 21% of American adults have owned cryptocurrency. It’s become so big, you can hear whispers of “Bitcoin” and “mining” from people far removed from the crypto world. Google searches of “crypto CPA near me” have spiked. There’s universal interest in virtual currency. At this point, investors of all kinds are actively entering […]
As the popularity and use of cryptocurrency continue to grow, so do the questions surrounding its taxation. One aspect many crypto owners often overlook is the tax implications of their holdings. Unfortunately, this oversight can have serious consequences. Of course, it’s never intentional to leave a part of your income unreported or make mistakes while […]
Beginners Guide to Cryptocurrencies and Taxes Cryptocurrencies have fundamentally changed the way we operate. They present solutions to problems previously thought of as unsolvable and are offering a more efficient and inclusive financial system. It’s truly remarkable what these digital tokens have been able to accomplish in such a short time frame. However, one area […]
What Is DeFi Crypto? Decentralized Finance (DeFi) Explained for Beginners Decentralized finance, or DeFi for short, is a term that’s starting to pop up in more financial circles. As the name implies, it’s finance that doesn’t rely on a central authority. This means there is no intermediary, such as a bank, between the lender and […]
What Is A Stablecoin? Stablecoins are simple in theory, yet complicated in practice. And understanding the inner workings of how the UST/Luna system operated will be key to making improvements in the future. To better answer the question: What is a stable coin?, we must look at the supply and demand. The supply of stablecoin […]
How To Avoid (Or Reduce) Cryptocurrency Gains Tax… Want to know “How to avoid taxes on Crypto” capital gains? There are a lot of ways you can reduce or cut your Crypto taxes with a little strategy and planning. It all depends on your specific situation, business, or personal financial goals. Some basic ways to […]
The best Crypto tax software has sales and marketing that suggests all you have to do is upload a spreadsheet, push a button and all your transaction will be correctly calculated and reconciled for gains/losses… …Nothing could be further from the truth! That is, unless you have just a few simple Cryptocurrency transactions each year. […]
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