From copyright and ownership issues to smart contract disputes, the legal implications of NFTs are vast and rapidly evolving.
NFT artists must know their rights and obligations in this new digital landscape to navigate this exciting but potentially treacherous terrain.
Navigating the world of crypto taxes can be overwhelming, but the consequences of not doing it right can be even
https://youtu.be/f24PSq0O1EA If you’re struggling to file your Binance US taxes, rest assured that you’re not alone. Many Binance US users
https://youtu.be/pTWUP7sbLcM If you’re a crypto investor, you may have realized that filing your Coinbase taxes can be a headache. The
https://youtu.be/f6WRye57vRg The world of Decentralized Finance, or DeFi, has exploded recently, offering new and innovative financial services through blockchain technology.
Are you getting error messages in your cryptocurrency tax software? Do the numbers seem way off? Don’t give up hope!
The recent bankruptcy of several cryptocurrency platforms, including Celsius and FTX, has raised questions about how the IRS tax code applies to these unique situations.
The tax code generally permits claiming deductions or losses once the loss is complete and known. However, for these bankruptcy proceedings, you must still satisfy both criteria.
For non-cash charitable contributions to a 501(c)(3) organization, taxpayers often need clarification about the rules and regulations surrounding the deductions they can claim on their taxes. One area of confusion is the requirement for a qualified appraisal for cryptocurrency contributions.
In a recent Chief Counsel Advice, the Internal Revenue Service (IRS) addressed the applicability of I.R.C. Section 165 to cryptocurrency that has declined in value. The advice concluded that an individual, who owns cryptocurrency that has substantially declined in value, can deduct the loss under Section 165, since it would be an itemized expense disallowed by the Tax Cuts and Jobs Acts (TCJA).
People often ask: Do Bitcoin and other digital tokens qualify as foreign assets under U.S. law? Answer: Not inherently. Cryptocurrency
Love them or hate them, NFTs are here to stay. Some only see a digital picture of an ape in human clothing. Others see an opportunity for creatives and artists to securely sell or trade with people all over the world via the blockchain. The NFT market has exploded over the last several years and shows no signs of letting up.
If you’ve ever invested in crypto, then you know seeing the market plummet before your eyes can be a harsh reality. With so much volatility, crypto tax-loss harvesting can be a silver lining that helps save thousands of dollars when it comes time to pay Uncle Sam.
Reality TV star Kim Kardashian agreed to pay the SEC $1.26 million for failing to adhere to SEC guidelines. Here’s what you should know!