Accounting Method Impacts Crypto Income Taxes
Many crypto traders face massive tax bills for 2017. Which accounting method they apply could change their tax bills by tens of thousands of dollars.
Specific identification vs. FIFO
The IRS wants...More
Cryptocurrencies: Trader Tax Status Benefits And Section 475 Issues
Active cryptocurrency (coin) traders can qualify for trader tax status (TTS) to deduct trading business expenses and home-office deductions. TTS is essential in 2018: The Tax Cuts and Jobs Act suspend...More
Tax Extensions: 12 Tips To Save You Money
Individual tax returns for 2017 are due April 17, 2018, however, most active traders aren’t ready to file on time. Some brokers issue corrected 1099Bs right up to the deadline, or even beyond. Many ...More