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Episodes
Are Cryptos Securities or Not?
Clinton discusses the two private letter memorandums issued by the IRSβ chief counsel office in January 2023 regarding the treatment of cryptocurrencies for taxation purposes. He explores the definition of the term...
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Time to Increase the Capital Loss Limitation
Clinton explores the topic of whether the current tax break limit for capital losses should be changed. He proposes that Congress increase the capital loss limitation in code section 1211 to $15,000 starting this year...
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How to Reduce Your Taxes by Reporting Crypto Thefts
Clinton discusses how cryptocurrency theft losses (thefts, rug pulls, and scams) can be claimed to reduce tax bills. By claiming theft losses, investors can itemize deductions and save money on their taxes, even if...
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Tax Amnesty Needed
Clinton discusses the issue of tax non-compliance among US crypto investors. Despite the IRS Commissioner's announcement that the IRS could bring in another $1 trillion if given additional funding, there are many...
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Which Crypto Tax Calculation Service is Most Accurate?
Clinton compares the accuracy of various crypto tax calculation services, including Accointing, Bitcoin.tax, CoinTracking, CoinTracker, CoinLedger, CoinPanda, CryptoTaxCalculator, Node40, Ledgible, TaxBit, TokenTax,...
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Crypto Tax AMA
This live-streamed AMA video aired on March 14, 2023. Hosted by Meta Mona, Clinton Donnelly answers the top questions this tax season, including how to account for crypto theft losses (such as FTX, Celsius, and...
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IRS Enforcement Methods on Crypto Investors
Clinton discusses the IRS enforcement methods used for crypto investors, who are seen as wealthier taxpayers. The IRS received $46 billion in funding from Congress to enforce tax compliance laws for digital asset...
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