Some so desperately look for ways to avoid paying taxes on Bitcoin and find absolutely no way of doing so. But don’t sweat it because later in our article, we will focus on ways to avoid taxes on Bitcoin by choosing a tax haven. So keep reading!
As exciting as the NFT technology is, the IRS (Internal Revenue System) has been very strict about crypto and NFT taxes and will likely remain so. You'll learn what questions to ask your NFT tax accountant later in our article.
Wondering how much you need to pay taxes on your NFT investments? In this article, we will tell you all there is to know about NFT, its taxation, why you should have an NFT tax accountant, and most importantly, how to find a reliable one!
The Internal Revenue Service (IRS) is intensifying its efforts to enforce tax laws, so even currency holders — not to mention traders — should be careful not to break the law. But here’s some good news. Soon, you will find the ins and outs of Bitcoin losses taxes!
Maybe you are a taxpayer who is looking to get a definitive crypto tax record, a company that is looking to keep track of the supply, or an accounting professional who is trying to solve an acquisition puzzle. Well, worry no more because all you need is cryptocurrency tax software. But which crypto tax software is the best?
the tax burden in Florida is among the lowest in the nation. However, residents need to know that not all taxes are the same, and the state collects taxes in a variety of ways. We are going to take a more in-depth look at Florida Bitcoin taxes and review this state’s tax regulations in general. Then, we’ll give you some general tips about acquiring a Florida residency.
While it may be exciting to calculate crypto earnings, remember that you have to pay taxes for each transaction. You can make what's already tricky a lot more difficult if you don't speak with a crypto tax consultant or automate the process with software. Navigating the tax liability becomes quick and easy with software. In this article, we’ll help you on your journey to choosing the top crypto tax software.
With the growing value of NFTs and the potential for abuse and fraud, governments and tax authorities have started developing strict laws and regulations on this asset type, making NFT taxes a hot topic. Logically, many business and individual NFT holders are looking for a reliable approach to handle this delicate matter, and one of them is to hire an NFT tax accountant. For those who need more insight, we’ve compiled this article with all you need to know about an NFT tax accountant.
Yes — taxes are inevitable, and we get why you’d be tired of paying half of your short-term profits and 20% of your long-term gains to the IRS. That’s why we prepared this blog post. Now it’s time to answer the million-dollar question, “how do I avoid paying taxes on Bitcoin?”.
Have you lost money on crypto trades this year? You can save thousands of dollars on your tax bill. By claiming deductions and offsetting your income against your crypto losses, you may be able to reduce your tax bill. Of course, those are just two of the methods we’ve discussed here below. Our guide on Bitcoin losses taxes will provide you with all the information you need and help you calculate your losses.