The Importance of IRS Guidelines for Cryptocurrency and NFTs IRS guidelines for cryptocurrency and NFTs are crucial. Clear guidelines help investors understand their tax obligations, […]
IRS Guidelines for Cryptocurrency and NFTs: Your Comprehensive Compliance Guide 2023 Read More »
Understanding Cryptocurrency and Taxes Cryptocurrency, like Bitcoin and Ethereum, is considered property by the IRS. This classification means transactions involving crypto are subject to capital
Crypto Tax Basics: What You Must Know for 2024 Tax Season Read More »
Overview of DeFi Taxation DeFi taxation depends on various activities within the decentralized finance ecosystem. When earning through staking, lending, or yield farming, each has
DeFi Taxation: Understanding the Impact on Your Earnings and How to Stay Compliant Read More »
Understanding Cryptocurrency Taxation Cryptocurrency transactions fall under specific tax regulations. The IRS classifies cryptocurrencies as property, not currency, which means each transaction involving crypto triggers
How to Report Your Cryptocurrency Gains and Losses: A Complete Guide for Tax Compliance Read More »
Understanding Crypto Tax Audits A crypto tax audit examines an individual’s cryptocurrency transactions to ensure compliance with tax laws. During an audit, the IRS seeks
How to Prepare for a Crypto Tax Audit: What to Expect and Steps to Take Read More »
Understanding NFTs and Their Tax Implications NFTs, or non-fungible tokens, are unique digital assets representing ownership of a specific item or piece of content, like:
NFT Tax Guide: How to Handle Digital Collectibles and Minimize Tax Liability Read More »
Understanding Crypto Assets Crypto assets represent digital or virtual currencies relying on cryptographic systems for secure transactions. The well-known crypto asset, Bitcoin, introduced in 2009,
Gifted and Inherited Crypto: Essential Tax Rules You Need to Know Read More »