Experts weigh in on updated IRS notices and changes for 2021 In the approximately dozen years of cryptocurrency trading, the IRS has been working through how to classify it and obtain its pound of flesh. The IRS has juggled its duty to provide clarity with the need to stay light on its feet with this…
This year, tax payers are in luck. The federal tax deadline has been extended to May 17th in 2021. At this point, you are probably thinking about how to report your crypto transactions on your tax return. The IRS still does not provide the most explicit guidelines on crypto taxes, and since there are many caveats, you…
As we head into the height of tax season, we’re beginning to field more and more questions from our customers and the general public about crypto taxes. After all, the IRS has been relatively slow to offer clarity on lingering questions on the topic (although there are recent signs that that may be changing),…
Experts weigh in on updated IRS notices and changes for 2020 In the approximately dozen years of cryptocurrency trading, the IRS has been working through how to classify it and obtain its pound of flesh. The IRS has had to juggle its duty to provide clarity with the need to stay light on its feet…
With every new Bitcoin milestone, more and more crypto bears are coming to appreciate the staying power of the cryptocurrency. Furthermore, as blockchain challenges the world monetary system, investors are increasingly diversifying their retirement savings with a Bitcoin IRA. Despite this, numerous misconceptions abound about Bitcoin IRAs (a.k.a. Digital IRAs or Crypto IRAs). Like almost…
The July edition of the Crypto Security Report is available for download (click image below). Stay informed about the latest security threats, government measures, and best practices to understand developments in the cryptocurrency space (and how to protect your own digital assets). This report is free and available for download below:
The May edition of the Crypto Security Report is available for download (click image below). Stay informed about the latest security threats, government measures, and best practices to understand developments in the cryptocurrency space (and how to protect your own digital assets). This report is free and available for download below:
Cryptocurrency security is an increasing concern in the industry. Some common ways that digital assets may be lost include when private keys are lost (or forgotten) and when digital currency exchanges are hacked. Custodians can help with the important task of safely storing cryptocurrency, along with other services. Some analysts suggest that crypto custody may…
Heading into tax season, many of our readers told us how confused they were about reporting crypto transactions on their tax returns. We heard you, and so we partnered with seven crypto tax specialists to answer your questions. We asked you to send us the income tax questions that concerned you (for the 2018 tax…
The March edition of the Crypto Security Report is available for download (click image below). Stay informed about the latest security threats, government measures, and best practices to understand developments in the cryptocurrency space (and how to protect your own digital assets). This report is free and available for download below:
