ETH2 and Staking Taxes: Pro Tips to Lower Your Bill
How are ETH2 and ETH staking rewards taxed? Our cryptocurrency tax attorneys dive into the tricky questions.
Tax Law
Categories
Looking for a specific post?
Share Now:
Join Our Newsletter Today:
Streamlined Foreign Offshore Procedures: Complete Guide 2023
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applicants get all non-filing penalties waived!
January 15, 2023
Are Cryptocurrencies Foreign Assets Subject to FATCA and FBAR?
People often ask: Do Bitcoin and other digital tokens qualify as foreign assets under U.S. law? Answer: Not inherently. Cryptocurrency
January 13, 2023
FBAR Penalties: What Happens If You Don’t File the FBAR?
The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who have foreign financial accounts with a total combined balance of $10,000 or more. Failure to file can result in significant FBAR penalties for individuals to understand their obligations and how to avoid penalties.
January 12, 2023
Easy Guide to NFT Taxes for 2023
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.
December 15, 2022
Offshore Trust
Have you ever wondered what would happen to your wealth if you suddenly fell ill and could no longer work, or if the economy took a downturn and you lost most of your savings?
November 18, 2022
Tax Considerations During An M&A Deal
Before any M&A deal, it’s important to be aware of the tax considerations involved with your deal and how they may affect your business!
November 3, 2022
Form 1099-DA: What We Know So Far
Starting in 2024, the IRS will introduce Form 1099-DA dedicated to reporting crypto and digital assets. With not many details on the new 1099 released, here’s what we know so far!
November 3, 2022
Guide to Crypto Taxes 2023
Confused by crypto taxes? We’re here to help! From mining to swapping to airdrops, figure out how to report cryptocurrency correctly and avoid IRS problems.
November 3, 2022
Infrastructure Bill & Crypto Tax Enforcement: What Investors Need to Know
The U.S. infrastructure bill would help crypto tax enforcement, requiring all brokers to report info about customer transactions to the IRS.
November 3, 2022
IRS CP2501: How to Respond to the CP2501 Crypto Letter
Did you get a CP2501 letter from the IRS? The amount listed may not be correct. Discover what you should do with this notice!
November 3, 2022
1040 Crypto Question: What It Means and How to Answer
The IRS is now asking all US taxpayers about their crypto activity. The wrong answer could land you in big trouble.
November 3, 2022
Kraken Forced to Send User Information to the IRS
The IRS is turning its sights on popular cryptocurrency exchange Kraken in its efforts to enforce tax compliance.
November 3, 2022