All Episodes
Episodes
⚠️ IRS Cracking Down on Crypto Traders How to Protect Yourself!
Is a tax amnesty for crypto traders possible?
High-level discussions are underway, but the IRS is hesitant due to existing guidelines and the view that many traders are high-net-worth individuals.
Will the election's...
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What Really Happens When Americans Use VPNs to Access Foreign Crypto Exchanges?
In this video, we break down the importance of reporting ALL your trades to avoid hefty penalties and legal issues. Whether you're dealing with Bitcoin, Ethereum, or altcoins, understanding your tax obligations is...
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🚀 Coinbase's Wrapped Bitcoin: What You Need to Know About Taxes 📈
On August 14th, 2023, Coinbase announced cbBTC. What is cbBTC?
It's Coinbase wrapped Bitcoin. Essentially, Coinbase allows you to send them your Bitcoin, they hold and wrap it, and then they integrate it into the Base...
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Is Using Charitable Remainder Trusts a Smart Tax Strategy for Crypto Investors
In this episode, we dive into the basics of Charitable Remainder Trusts (CRTs), looking at their tax benefits and what you need to be careful about.
We talk about why it's crucial to set them up correctly to avoid...
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Why Ignoring IRS Letters Could Cost You Thousands! 😱
Opening scary IRS letters? 📬 Don’t dodge them! Discover why addressing IRS notices promptly is crucial and how working with tax experts can prevent major financial penalties. Learn the secrets to dealing with...
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🚨 Crypto Taxes: IRS Letters You Can't Ignore!🚨
Have you ever received an IRS letter and felt that uneasy feeling? You're not alone! In this episode, we'll unpack everything you need to know about the CP2501 letter. How does it stack up against the CP2000? What's...
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🚀📜 Crypto Regulation Update: Lummis Bill Aims to Shape Future of U.S. Crypto Policy!
New Bill Alert! 🚀 In our latest video, we break down Senator Cynthia Lummis's explosive proposal to make Bitcoin a U.S. strategic asset. Will this be the future of crypto? What does it mean for your wallet and your...
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Buying Crypto: Should You Use an LLC or Personal Account? 🤔
Are you considering investing in cryptocurrencies and wondering whether to do it through a single-member LLC or personally?
Join tax expert Clinton Donnelly as he explores the pros and cons of each approach. Our team...
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Pay Zero Taxes on Your Crypto Gains in Puerto Rico! 🌴💰
Are you considering relocating to Puerto Rico to minimize your cryptocurrency taxes? 🌐🇵🇷 Discover how Act 60 enables U.S. citizens to benefit from Puerto Rico's special tax advantages, including a 0% tax rate on...
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📊 How the IRS Tracks Crypto: John Doe Summons Explained 💼
Are you curious about how the IRS monitors crypto traders? It's a complex process, but understanding it is crucial. Learn how the 'John Doe' summons operates and why it's a significant factor for exchanges like...
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💼 Crypto Purchases & Taxes: Don't Overlook These Tax Rules! 🚨
Ever wondered about the tax consequences of buying stuff with Bitcoin or other cryptocurrencies? In this episode, Clinton Donnelly breaks down the tax events that happen when you make direct purchases with crypto or...
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Straight Talk on CP2501: Don't Ghost Your Taxes
Have you received an IRS letter and felt a chill down your spine? Well, you're not alone! In this episode, we're breaking down everything you need to know about the CP2501 letter. How does it compare to the CP2000?...
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