Whereas everybody else is speaking concerning the Chief’s Tremendous Bowl victory, Taylor Swift and Joe Biden’s lowering capacity to type a coherent sentence, we’re right here right this moment to debate one thing actually essential… tax time is approaching. Certain, you’d most likely somewhat speak about something aside from this, however understanding the most recent modifications to the US tax code needs to be crucial to all US residents.
That’s why we’re comfortable to welcome Clinton Donnelly again to the present for his annual replace on what it is advisable know concerning modifications in how the federal government seems to be at cryptocurrency.
The taxman is again, child. So let’s seek the advice of the 1000’s of pages of tax code and discover out what it is advisable know on our “tax this” episode #713 of The Unhealthy Crypto Podcast.
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FEATURED GUEST – Clinton Donnelly
Clinton Donnelly, LLM, EA, is the president and founding father of CryptoTaxAudit. Clinton holds a sophisticated legislation diploma in worldwide monetary planning together with taxation and is an enrolled agent, a federally licensed tax practitioner. As well as, Clinton holds a Licensed Cryptoasset Anti-Monetary Crime Specialist certification awarded by ACAMS, the worldwide anti-money laundering coaching group.
Clinton hosts a weekly podcast on Spotify, named The Clinton Donnelly Present. On the present, he shares actual world methods, time examined ways, and knowledgeable discussions with specialists and influencers about cryptos, taxes, audits, and the regulatory framework that’s evolving round cryptos.
Clinton is repeatedly engaged in a number of ongoing IRS crypto tax audits, typically leading to important tax refunds for his shoppers. Clinton is a well-liked visitor on numerous podcasts and livestreams and is commonly quoted within the media together with Enterprise Insider, CoinDesk, Cointelegraph, Yahoo! Finance, and The Wall Avenue Journal.
About Crypto Tax Audit
Based in 2015, CryptoTaxAudit is a full-service tax preparation, crypto calculation, and audit protection firm. The corporate was based by Clinton Donnelly, who presently serves as its president. Clinton has assembled an skilled staff of crypto tax specialists together with CPAs, enrolled brokers, forensic accountants, and acquire calculation analysts. The corporate’s crypto specialists ship customized companies to assist shoppers get into compliance, develop their tax methods, and obtain its skilled illustration earlier than the IRS.
CryptoTaxAudit protects its shoppers with Audit Protection, its flagship membership service. Audit Protection membership was created in response to the rising value of protection in opposition to the nearly limitless IRS enforcement price range and their rising consideration to crypto homeowners. Three Audit Protection membership plans can be found to fulfill the wants and budgets of each crypto dealer.
Biden administration unveils new crypto tax reporting guidelines
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