The BitcoinTaxes Podcast
Examining topics related to cryptocurrency & blockchain technology
IRS Issues New Crypto Staking Guidance
The IRS released Revenue Ruling 2023-14 which describes cryptocurrency staking as taxable at the fair market value on the date it was received. Matt Metras joins the show to break down what this ruling means for crypto traders and how it may affect their taxes moving forward.
About The Show
The BitcoinTaxes Podcast started to help individuals better understand the relationship between cryptocurrency and taxation. The first installment of our series examined some of the complexities of crypto taxation by interviewing a variety of lawyers, tax attorneys, and legal professionals in the crypto-space. The current installment explores a variety of topics related to cryptocurrency and blockchain-technology.
Featured Episode:
Why Your Crypto May Be Audited And How To Respond
Today’s episode covers all things cryptocurrency audit. Alex Kugelman, a cryptocurrency tax controversy lawyer, joins us to discuss the ins and outs of cryptocurrency audits, how to avoid them, and how to successfully navigate a crypto audit if you do find yourself as a target of the IRS.
Taxes On Crypto Series | Alex Kugelman
Featured Episode:
What Are Crypto Taxes And When Are They Taxed?
Welcome to our new multi-part series on crypto taxation! Every week we’ll be exploring a different facet of cryptocurrency taxation. In the first part of this series, we are diving into the very basics of cryptocurrency taxation. We’ll be discussing what’s taxable, what’s not taxable, and where exactly everything gets reported on your tax forms.
Taxes On Crypto Series | Matt Metras
Popular Episodes
Is Staking Still Taxed? How Do I Handle My 1099? Answering Crypto Questions
More Information
Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to discuss and demystify the popular question: is crypto staking taxed? Matt outlines the recent Jarrett case that had plenty of crypto enthusiasts asking the question! Plus, Matt answers crypto tax questions from Reddit users: casualty losses, FBAR and FATCA, Roth IRAs, the Economic Substance Doctrine, how to handle 1099s, a potential (but unlikely) De Minimis, wash sales, fair market value versus zero cost basis for airdrops and NFTs, and more!
DeFi and Crypto Taxes: Liquidity, Staking, and NFTs
More Information
DeFi, or Decentralized Finance, has taken the crypto world by storm. DeFi isn’t necessarily new, but it’s popularity amongst investors has certainly skyrocketed.
Andrew Gordon, an attorney and CPA who concentrates on crypto and taxes joins the show to discuss the taxable implications of DeFi events. In this episode, we discuss how liquidity swaps, liquidity pools, crypto collateral, staking (including ETH2), and NFTs are likely viewed by the IRS and what that means for the taxes that investors could owe on these events.
Full Service Crypto Tax Prep
More Information
Andrew Gordon is a cryptocurrency tax lawyer and the managing attorney of Gordon Law Group. Andrew concentrates on tax controversy and compliance, crypto, and business law. This multi-faceted approach makes Andrew a valuable source of knowledge when it comes to taxation and crypto taxation.
Andrew is also one of the partners involved in the Bitcoin.Tax full tax preparation service. In this episode, he shares what is involved with the full tax preparation service, the type of client that benefits from working with a professional and the overall advantages of utilizing a professional who really understands crypto.
Sign up for the Bitcoin.Tax full tax preparation service and have your tax return completed, reviewed and filed by a tax professional.
Crypto Audit Defense
More Information
Receiving an official IRS notification of an audit can lead many to panic and stress about the unknown that lies ahead. However, an audit defense can be successfully handled with a level-headed and cerebral approach.
Alex Kugelman joins the show and outlines what a cryptocurrency audit looks like, and the best practices for handling one properly. Alex walks us through the various factors that could trigger a crypto audit and answers some common questions crypto traders should know the answer to.
Get Alerts – Never Miss An Episode!
Meet The Host
Salvatore Vescio
The BitcoinTaxes Podcast was created by Colin Mackie, CEO & Founder of BitcoinTaxes, and Salvatore Vescio, a marketing and technical support specialist at BitcoinTaxes, as a way to bring expert advice on crypto, blockchain, and crypto taxation directly to cryptocurrency users.
The first series examined cryptocurrency taxation by interviewing tax attorneys, lawyers, and various tax professionals in the crypto tax space.
In the second series, Sal interviews thought leaders and experts in the crypto community on topics ranging from the basics of cryptocurrency to advanced applications of blockchain technology.
Get In Touch
Do you have a question or comment about the show? Do have an idea for a great guest – or, would you make a great guest on the show? Contact us and we will talk!
The BitcoinTaxes Podcast
Listen Now!
