Posts in category

2018 Tax


Jon P. Brose is a partner and Brett R. Cotler is an associate in the blockchain and cryptocurrency practice at the law firm of Seward & Kissel. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Like so much else in cryptocurrency taxation, the rules for crypto funds – pooled investment vehicles that seek above-market returns from digital asset …

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Zac McClure is the Co-founder of TokenTax, a cryptocurrency tax startup. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. 2017 was a banner year for cryptocurrency–an expansive bull market, exciting new coins, and an explosion of crypto-related services. As cryptocurrencies finally reached the mainstream, regulators and governments have stepped …

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Lisa Zarlenga is Co-Chair of the Tax Group and John Cobb is an associate at the law firm of Steptoe & Johnson. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. In the last couple years, blockchain token issuances–sometimes referred to as initial coin offerings or ICOs–have skyrocketed, both in terms of number …

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Kirk Phillips is an entrepreneur, certified public accountant (CPA) and author of “The Ultimate Bitcoin Business Guide: For Entrepreneurs & Business Advisors.” The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Your attempt to get clarity around crypto tax brain teasers can result in some surprising and unexpected tax liabilities at …

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Mark Gladden is the sole proprietor of a digital asset mining and trading business in New Mexico. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Benjamin Franklin’s 1789 axiom that “in this world nothing can be said to be certain, except death and taxes” is a pragmatic truth. It deals …

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Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. When tax season ends, will the crypto bear market end with it? With the April 17 U.S. deadline …

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Chandan Lodha is co-founder at CoinTracker, a portfolio and tax manager for cryptocurrency. He can be reached on Twitter here. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. As a hobbyist investor, my first foray into cryptocurrency was with Coinbase. I was buying a few coins here and there, and …

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While the focus may be on the U.S. of late, cryptocurrency tax issues are becoming a global problem. India, for example, has responded by sending tax notices to crypto traders and investors after a survey found $3.5 billion in transactions may have been performed by citizens over the past 17 months. The country’s income tax department …

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Steve Latham is the chairman of Claritas, a new venture that provides consolidated views of crypto holdings, gains and losses. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. The cryptocurrency bull run of 2017 was awe-inspiring. The resulting taxable implications are not. Tax season is in full swing but there seem to …

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Mario “The Problem Solver” Costanz is a lifelong entrepreneur and the author of “Crypto Taxes Made Happy: The Definitive How-To Guide For Preparing Cryptocurrency Tax Returns In The United States,” available for free on Amazon. He was named to the “One to Watch” section of Accounting Today’s 2017 Top 100 Most Influential in Accounting List.  …

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Stevie D. Conlon is a vice president and tax and regulatory counsel, Anna Vayser is a product manager and Robert Schwaba is a senior tax and regulatory specialist with Wolters Kluwer. They acknowledge the contributions of colleagues John Kareken and Cynthia Lapins. The following article, an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series, …

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Sonya Baumstein is a crypto-accounting veteran at New Alchemy, a strategy and technology group focused on blockchain innovation and tokenization. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. With tax season upon us, the meteoric rise of cryptocurrencies may become a double-edged sword for participants in the United States. As crypto …

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Phil Karter, a former Justice Department Tax Division trial lawyer, is currently a partner in the Philadelphia Office of Chamberlain Hrdlicka. Kevin F. Sweeney, a former federal tax prosecutor, is a senior counsel in the same office. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. On February 23, Coinbase, …

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Perianne Boring is the founder and president of the Chamber of Digital Commerce. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. “April is the cruelest month….”   So, begins T.S. Eliot’s masterpiece The Waste Land. While the poet wasn’t referring to the U.S. tax season, it fits. And there is …

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Annette Nellen, CPA, CGMA, Esq. is a tax professor and director of the MST Program at San José State University. She is an active member of the tax sections of the AICPA, American Bar Association, and California State Bar, and chairs the AICPA Tax Executive Committee. Nellen maintains the 21st century taxation website and blog, including a website on …

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David Deputy is the director of strategic development and emerging markets and George Salis is a principal senior tax economist at Vertex, a tax software firm.  The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Currency has three primary functions: a store of wealth, a unit of account and a means of …

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Robert A. Green is a CPA and managing member of Green, Neuschwander & Manning, LLC in Connecticut. The following article is an exclusive contribution to CoinDesk’s Crypto & Taxes 2018 series. A number of cryptocurrency traders in the U.S. are facing a tax trap. They had massive capital gains in 2017 and have not yet …

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For cryptocurrency traders, the ability to use like-kind exchange rules to avoid U.S. tax on trades is a bit of a “good news/bad news” story. Source link

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Jeremy Drane is the chief commercial officer at Libra, a provider of accounting, audit and tax software for the blockchain and cryptocurrency industry. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. For many in Cryptoland, “decentralize everything” is a common mantra. And, it’s something I personally believe in, to …

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Busayo Ogunsanya is the CEO of AMUS Inc., an artificial intelligence tax platform, and the managing partner of BigAppleTaxReturn, a CPA firm in New York. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Many cryptocurrency investors have made a fortune the past several years selling high-flying bitcoin and other …

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