Crypto and Taxes Q&A! What You Need to Know to Stay Ahead of the Game

1 year ago
7

Clinton is joined by Liam, the client manager at CryptoTaxAudit, to delve into the latest crypto tax regulations and provide answers to your burning questions. From the recent executive order by the Biden administration to the impending deadline for recommendations on tax laws and SEC laws, there's a lot of ground to cover. Clinton also shares his valuable insights on potential major regulations, such as the treatment of CBDCs and the taxable events associated with adding and removing liquidity on Uniswap. Whether you're a crypto investor seeking expert tax advice or simply concerned about IRS audits, this discussion is not to be missed.

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▬▬▬▬▬ TIMESTAMPS ▬▬▬▬▬
00:00 Intro
02:34 Taxable Events on Uniswap
05:15 Recording Losses from Bankrupt Exchange
07:17 Tax Accounting Software for Crypto
07:30 The IRS auditors look for bigger numbers in a spreadsheet, not transaction fees.
08:00 Gain calculation software which one is the most accurate.
10:22 Keep track of your own transactions
11:39 Sponsor

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📣 Host: Clinton Donnelly
Twitter 👉 https://twitter.com/CryptoTaxFixer

Clinton Donnelly, LLM, EA, is the president and founder of CryptoTaxAudit. Clinton holds an advanced law degree in international financial planning and taxation. He is an enrolled agent authorized to represent taxpayers before the IRS. Clinton also holds a Certified Cryptoasset Anti-Financial Crime Specialist certification.

▬▬▬▬▬ SPONSOR ▬▬▬▬▬

🐋 Sponsor: CryptoTaxAudit

CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become an Audit Defense member today and take control of your financial future! Visit CryptoTaxAudit.com today.

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📜 Disclaimer
All opinions expressed by the show’s host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit. Research legal, tax, and financial guidance and advice as needed.

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