The BitcoinTaxes Podcast
Examining topics related to cryptocurrency & blockchain technology
Latest Episode: Analyzing the 2019 Crypto Tax Guidelines
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.
Tyson Cross joins the show to analyze and discuss the implications of the newly released IRS tax guidance on cryptocurrency transactions.
Analyzing The Updated IRS Guidance|
Tyson Cross | 56 mins
The IRS has begun sending out educational letters to more than 10,000 cryptocurrency users reminding them that they need to be including their crypto capital gains and losses on their tax forms. Alex Kugelman joins us to talk about what this means for crypto users and traders.
IRS Educational Letters 6173, 6174, 6174-A | 43min
The end of the tax season is quickly approaching, and this last episode in our current podcast series answers and explores some of the common questions with using Bitcoin.Tax for crypto taxation. Join us with Colin Mackie, CEO and Founder of Bitcoin.Tax, where we answer these questions and talk about some upcoming features of our software.
Crypto Tax Reduction Strategies
Cryptocurrency capital gains can be an extra source of income, however, these gains are taxed and those taxes can become costly for many crypto traders. In this episode, we speak with Drew Kernosky of Archer Tax Group, to discuss ways to mitigate these tax burdens including crypto-backed loans and qualified opportunity zones, which can defer gains until 2026.
FBAR and FATCA Filing for Crypto Trades
A lack of guidance has left crypto traders unsure of their reporting obligations for foreign accounts. We are joined with Andrew Gordon, a tax attorney, who understands the ins and outs of foreign account reporting in relation to cryptocurrency trading. Andrew discusses FBAR, FATCA, penalties associated with not reporting, and to answer the question – do cryptocurrencies have to be included in these reports?
Tyson Cross, a tax attorney from Cross Law and BitcoinTaxSolutions, discusses some of the more complex issues in cryptocurrency taxation, as well as the effects that the 2018 tax law changes have had on crypto taxes. Tyson shares his knowledge about how the IRS views token swaps, splits, ICOs, stablecoins, and airdrops.
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Meet The Host
The BitcoinTaxes Podcast was created by Colin Mackie, CEO & Founder of BitcoinTaxes, and Salvatore Vescio, a customer outreach 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!