So thankful to be featured in the @MorningBrew about #Crypto and #NFT #Tax issues. If you need a professional NFT and Crypto Tax #Attorney send us a DM or call our office at (954)560-3038.
#WeAreNotGoingToJail
morningbrew.com/daily/storieβ¦
Capital can enter a Rekord-powered vault two ways:
β Stablecoins: USDC and other regulated, 1:1-collateralized stablecoins
β Pledged collateral: BTC, ETH and other digital assets
Pledging lets a holder put a long-term position to work without selling it.
Did you know that a C Corporation can open a crypto investment account and grow its digital assets under a flat 21% corporate tax rate? This setup may offer strategic tax advantages, especially for long-term crypto holds, but be mindful of potential double taxation when profits are distributed. If you need help with this feel free to send us a DM
GM, did you know that wrapping or unwrapping tokens, like converting ETH to WETH, can trigger a taxable event under IRS guidelines, especially if thereβs a change in value?
Proper basis tracking is essential.
DM us for guidance on how to stay compliant.
GM, remember the wash sale rules donβt apply to crypto (yet), allowing strategic loss harvesting. But your trades must have economic substance β not just tax motives. Use this wisely. Need help planning it right? DM us.
Did you know that the IRS has access to Coinbase, Kraken, and more. Your crypto isnβt invisible. Report every gain or risk penalties. If you need help with this, feel free to send us a DM.
Donβt forget, DeFi earnings, airdrops, NFTs β all taxable! No, seriously. Hire a crypto tax specialist before filing
GM, donβt forget crypto staking rewards = taxable income. Donβt assume itβs free money. Report it or risk penalties. If you need help with this, feel free to send us a DM.
Crypto gains are taxableβeven if you just traded coins. Ignorance wonβt save you. Track every transaction or hire a crypto tax expert. If you need help send us a DM
π¨ Don't Let This Be You! π¨
A CryptoPunk whale who evaded taxes on a $13M profit is now facing 6 years in prison!
Although the IRS has offered leniency for those filing crypto taxes, this could happen to anyone who tries to avoid their tax obligations.
π΄ Avoid costly mistakes: Make sure you're filing correctly and paying what you owe.
β¨π΄ Donβt risk your futureβtax evasion has serious consequences.
Need help with your taxes or filing? Call us at (954) 560-3038 today. Weβll make sure you stay compliant and avoid the trouble.
π¨ Reminder: Federal Filing Deadline Tomorrow! π¨
Donβt forgetβyour federal filing is due April 15th, 2025! If you need a last-minute extension, weβve got you covered.
π Call us at (954) 560-3038 and weβll help you file on time.
#TaxDeadline #LastMinuteExtension #April15 #TaxHelp #FileOnTime
GM! The IRS reports a 10% decrease in filings this year due to statements from the current administration. Remember, if you donβt file, the IRS can pursue you indefinitely for that return. Thereβs no statute of limitations for fraud or unfiled returns. Need help with 2024? DM us!
GM, donβt forget that S-Corp and partnership taxes are due tomorrow (March 17th).
If you havenβt filed yet, donβt stress, thereβs still time to file an extension!
Need help? DM us or call (954) 560-3038. Weβre here to assist!
#TaxDeadline #TaxHelp #Scorp #tax #attorney
GM!
PSA:
A reminder that your taxes are due soonβMarch 15th and April 15th. Even if your 2025 performance has been challenging, remember that if you made a profit in 2024, youβre still required to file on time. If you need assistance with an extension or filing, don't hesitate to reach out. We're here to help!
@cactiCPA @TheNFAdvisor
GM, everyone.
Please note that this update does not exempt you from paying taxes or reporting your cryptocurrency gains and losses. Rather, it provides flexibility in choosing your preferred tax method (FIFO, LIFO, or HIFO) when filing, rather than being limited to the FIFO method.
@cactiCPA and I will be discussing this topic in-depth at TaxoTuesdays this Tuesday at 7 PM EST. Be sure to tune in!
#Tax #CryptoTax #Cryptocurrency #Law #CPA #IRS #TaxReporting #Gains #Losses
Replying to @WatcherGuru
IRS Delays Crypto Tax Reporting Requirements Until 2026
watcher.guru/news/irs-delaysβ¦
The Real Crypto Lawyer βοΈπππ° retweeted
MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG MOG
PSA: The tax extensions deadline is on October 15th.
If you need help filing this year feel free to DM us.










