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Digital Asset, Cryptocurrency & NFT Accounting
IRS Hires Crypto Tax Software Company For Audits
Cryptocurrency taxation has been a hot topic with the IRS for years. The IRS has been monitoring cryptocurrency for years. This is why the decision by the Internal Revenue Service (IRS) to enforce a cryptocurrency taxes further did not come to many as a surprise. The cryptocurrency tax laws, are known to have been historically […]
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Digital Asset, Cryptocurrency & NFT Accounting
Cryptocurrency Tax Return Questions on Page 1
Cryptocurrency taxation has been a hot topic with the IRS for years. The IRS has been monitoring cryptocurrency for years. This is why the decision by the Internal Revenue Service (IRS) to enforce a cryptocurrency taxes further did not come to many as a surprise. The IRS guidelines surrounding the filing of cryptocurrency taxes have […]
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Digital Asset, Cryptocurrency & NFT Accounting
How Is Kentucky Offering Tax Breaks For Crypto Miners IN 2021?
The cryptocurrency tax laws, are known to have been historically complex for cryptocurrency investors, miners and traders. There haven’t been many legislations that are entirely dedicated to the cryptocurrency mining businesses. Several issues regarding the earnings, investments, savings, and taxation of the cryptocurrency mining industry haven’t been addressed by lawmakers in extensive detail. However, things […]
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Digital Asset, Cryptocurrency & NFT Accounting
Cryptocurrency Taxes & Decentralized Finance, Tax Guide To Trading, Lending, Borrowing
The cryptocurrency industry, and as a result, cryptocurrency taxes are constantly evolving. Decentralized Finance (DeFi) is a rapidly growing area of cryptocurrency that provides access to financial services, including trading, borrowing, and lending, without middleman like traditional financial institutions. This has provided many financial options for traders and long-term holders. As with any evolution of […]
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Digital Asset, Cryptocurrency & NFT Accounting
United Kingdom Issues Cryptocurrency Tax Guidance
Here at Camuso CPA, we offer a wide array of tax services for cryptocurrency investors including tax preparation and tax planning. Financial service companies are transitioning from employee driven revenue models to information driven revenue models. Camuso CPA strives to deliver useful insights and offer relevant explanations about the latest tax and financial topics. The United […]
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Digital Asset, Cryptocurrency & NFT Accounting
Important Wash Sales Update for Cryptocurrency Investors and Traders
Here at Camuso CPA, we offer a wide array of tax services for investors including tax preparation and tax planning. Financial service and technology companies are transitioning from employee driven revenue models to information driven revenue models. Camuso CPA strives to deliver useful insights and offer relevant explanations about the latest tax and financial topics. […]
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Digital Asset, Cryptocurrency & NFT Accounting
CRYPTOCURRENCY TAX RETURNS: SHOULD YOU PREPARE YOUR OWN?
Many people have reaped some serious rewards from their cryptocurrency investments. It’s a lucrative new monetary medium that many people are getting behind. But because it is new, it becomes harder to navigate when tax season comes around. Taxes can be hard enough to understand when you are dealing with normal income, and many people […]
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Digital Asset, Cryptocurrency & NFT Accounting
CRYPTO BECOMES FASTEST GROWING FIDELITY CHARITABLE DONATION
Here at Camuso CPA, we offer CPA tax help for cryptocurrencies in Charlotte. Navigating the waters of the tax regulations for this new monetary medium can be tough. But, it is still well worth it to invest in this exciting new opportunity. In fact, there are so many people making money off of cryptocurrencies that Fidelity […]
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Digital Asset, Cryptocurrency & NFT Accounting
CRYPTOCURRENCIES AS PROPERTY & WHY PEOPLE HAVEN’T BEEN REPORTING
Here at Camuso CPA, we offer cryptocurrency tax services nationwide. Cryptocurrencies are an exciting new currency medium that is fast gaining popularity. However, as a new monetary medium, there is a lot of grey area come tax season. The last thing any good investor wants is to be scrutinized by the IRS, and that is fast […]
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Digital Asset, Cryptocurrency & NFT Accounting
TAX IMPLICATIONS FOR CRYPTOCURRENCY INVESTORS
The first IRS tax guidance for cryptocurrencies was introduced March 2014, few CPAs have done comprehensive analyses of the record-keeping and enforcement challenges that will arise from the IRS designation of Bitcoin as property rather than currency. The sale or exchange of a convertible virtual currency has tax implications, the nature of which depends on […]