With the Oct. 16 deadline approaching, we are no longer accepting clients who need help with 2022 crypto tax calculations. Possible exception: if you don't need us to provide you with any crypto tax reports (final/draft) before the Oct. filing deadline.

Understanding IRS Guidelines on Charitable Contributions of Cryptocurrency

Recently, the cryptocurrency space has grown exponentially, with digital assets becoming a significant part of the financial landscape. As this new fi...

Read more about Understanding IRS Guidelines on Charitable Contributions of Cryptocurrency ➞

Understanding the Tax Implications of Cryptocurrency Staking: Revenue Ruling 2023-14

Cryptocurrency, specifically its staking mechanisms and its tax consequences continues to be a hot topic. Recently released Revenue Ruling 2023-14...

Read more about Understanding the Tax Implications of Cryptocurrency Staking: Revenue Ruling 2023-14 ➞

Digital Assets and Consensus Mechanism Changes - A Tax Perspective

The Merge probably wasn't a taxable event.

Read more about Digital Assets and Consensus Mechanism Changes - A Tax Perspective ➞

New Beneficial Ownership Reporting Requirements

What Every US Business Needs to Know

Read more about New Beneficial Ownership Reporting Requirements ➞

Some NFTs May Soon Be Considered Collectibles

What that means, and why it matters.

Read more about Some NFTs May Soon Be Considered Collectibles ➞
Advisory services computer button.

Demystifying the Bidens’ S Corp Compensation: A Look at Reasonable Salaries for S Corp Owners

Unravel the complexities of S-Corp compensation with a closer look at the Bidens’ financial practices, as we discuss determining reasonable salaries f...

Read more about Demystifying the Bidens’ S Corp Compensation: A Look at Reasonable Salaries for S Corp Owners ➞
Balls balanced on pieces of wood.

Losses from “Substantial Decline in Value” of Crypto Assets aren’t Deductible

Without a realization event, there is no allowable loss deduction.

Read more about Losses from “Substantial Decline in Value” of Crypto Assets aren’t Deductible ➞

Sales Tax & NFTs – More Questions than Answers

Are NFT sales subject to sales taxes?

Read more about Sales Tax & NFTs – More Questions than Answers ➞

Wash Sale Rules May Soon Apply to Your Crypto Losses

Take advantage of favorable rules around wash sales while you can.

Read more about Wash Sale Rules May Soon Apply to Your Crypto Losses ➞

The Tax Impact of This Year’s Platform and Protocol Failures

Specifically, LUNA and Celsius

Read more about The Tax Impact of This Year’s Platform and Protocol Failures ➞

The Jarretts Didn’t Break Any Ground for Stakers

Despite what you've seen lately, staking income is still taxable.

Read more about The Jarretts Didn’t Break Any Ground for Stakers ➞

Self-Directed IRAs — Investing for Retirement with Crypto and Other Alternative Assets

Things to know when considering holding crypto assets in a self-directed IRA.

Read more about Self-Directed IRAs — Investing for Retirement with Crypto and Other Alternative Assets ➞

Two new crypto tax provisions to know

There are a number of tax policy provisions in various stages of discussion in Congress. Relevant to crypto investors are the Infrastructure Bill whic...

Read more about Two new crypto tax provisions to know ➞

Infrastructure Bill passes — What it means for crypto investors

Late Friday, the House passed the Infrastructure Investment and Jobs Act. Tucked into the over 1,000 pages of legislation aimed at bolstering the US’s...

Read more about Infrastructure Bill passes — What it means for crypto investors ➞

Congress passes the American Rescue Plan Act

While the COVID-19 pandemic is finally slowing down, the economic damage that it caused lingers on.

Read more about Congress passes the American Rescue Plan Act ➞