Episode 5: US Crypto Taxes: Key Issues & Market Overview
There are already over 9,761 cryptocurrencies in circulation, and they are altering the banking, stock market, commerce, and investing industries. Between the ages of 18 and 29, 43% of Americans have traded or utilized cryptocurrency. Over 32% of small businesses in the United States claim to accept cryptocurrency payments. Digital currencies have gained so much popularity over the past decade that they have triggered a genuine gold rush of the twenty-first century.
But when it comes to understanding US crypto taxes and markets in detail, most of them are left scratching their heads. Regarding taxes on crypto, the IRS and state tax authorities require U.S. taxpayers to disclose crypto sales, conversions, payments, and income, and each of these activities has various tax ramifications. This webinar explains how is crypto taxed and how your activities may affect your crypto tax liability.
Let’s dig in!
You will learn:
• Tax Issues Related To Ownership of Cryptocurrency
• Taxable Events Related to Virtual Currency
• How it is different for Crypto Miners
• Crypto Enthusiasts
• US Crypto Traders
• US Crypto Miners
Mansi ShahSr. Tax Manager, Smart Accountants
Mansi is a licensed CPA who has an excellent understanding of the business landscape which she uses to help clients achieve significant tax savings through effective tax planning. Mansi specializes in the areas of Individual Income Tax, Expatriation/Repatriation, Corporate Filing, and Tax resolution.
Vivek ShahManaging Partner at Smart Accountants
Vivek is a certified public accountant (CPA) from the state of Colorado, and he has spent the last 20 years working for some of the most prestigious firms in the world, serving mid-to-large-sized businesses throughout North America and Canada.
Vivek Shah is a visionary entrepreneur who, through his passion and determination, has built a thriving company empire in the fields of finance, bookkeeping, assurance, and taxation. He is a person of exceptional academic accomplishments who has also made a name for himself in the business world through his innate attributes.