Search results “Bitcoin irs taxes”
Bitcoin & The Tax Man ☠💰💣 How The IRS Catches Tax Cheats
Only 21 days until NAC3 in Las Vegas. Limited tickets still available https://www.nac3.io In this episode of crypto riot we explore the messy world of bitcoin and tax. Each country has their own laws and regulations and the information I provide here is based on my understand of the United State Tax Code.
Views: 74098 David Hay
New IRS 2018 Tax Code Screws Crypto Traders!
The new US IRS 2018 tax code that we all thougt would be great. It changes things so that every trade is now taxed and the tracking of these transactions is INSANE! Articles mentioned: http://bitcoinist.com/cryptocurrency-investors-lose-tax-break/ https://www.reddit.com/r/CryptoCurrency/comments/7m56g0/the_absolute_fucking_impossibility_of_reporting/ If you do not already own any crypto currency account I suggest an account at Coinbase. Here is a link to create an account: https://www.coinbase.com/join/59a565f803b62e0085a271f9 If you use this link to to create an account and you buy $100 of Bitcoin or more it will credit you an extra $10 in Bitcoin and I will also receive a $10 bonus. Live Chat for cryptocurrency found here: http://discord.gg/markeedragon Look for the #cryptocurrency channel. Live shows Schedule: https://docs.google.com/spreadsheets/d/1zQZoKQnzGRgWXBefzGKlyfDppGQWzJy6PafWm-4c4sQ/pubhtml Trading Group: https://pct.group/secret/?wpam_id=9 This is a telegram group. It requires a telegram account. Telegram is where most of the crypto groups reside. Good Tools and Services I like. Coinbase: https://www.coinbase.com/join/59d25265269d7a02e06432a1 GDAX: https://www.gdax.com Bittrex for Alt Coin Trading: https://bittrex.com Trading View: https://www.tradingview.com/ Changelly: https://changelly.com/?ref_id=6bf3fec3c8a8 Coin conversions service. Of note: I am not giving you professional investment advise. You need to do what you feel is best for you. I am just relating what I have found to work and not work for myself. You can use what you see in this video as a possible guide but your own success or failure may vary. :) [!nojob] Want to get rid of your day job and be your own boss? Markee Dragon is sharing how he does it with a step by step guide to independence. Get it here: http://jedimarketingtricks.com/ultimate/ Current Companies: Markee Dragon Game Codes: http://store.markeedragon.com (We soon will be taking cryptocurrencies as payment here!) Connect with me on Facebook: http://www.facebook.com/markeedragon Music can be found at Monstercat: http://www.monstercat.com
Views: 230356 markeedragon
How To Do Taxes For Bitcoin: Cryptocurrency
I tried to call the IRS....4 times. No luck. I decided to hunt around on my own. This is what we got. The IRS wants every single transaction calculated to US Dollars. Buying and selling on exchanges, buying goods and services with crypto, and even coin-to-coin exchanges. In short, virtually everything is taxable and you must keep track of everything. including mining, which is considered a business income. good luck! https://www.coinbase.com/reports https://www.irs.gov/newsroom/irs-virtual-currency-guidance https://www.forbes.com/sites/greatspeculations/2018/01/09/cryptocurrency-traders-owe-massive-taxes-on-fat-gains-in-2017/#33984eb85472 https://cointracking.info/ Sign up with coinbase. buy or sell 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link to coinbase. https://www.coinbase.com/join/59ab37900671d100b3c25cc5 Want to donate to the channel? Donate Litecoin and send me an email saying how much you sent and I'll try to thank you at the end of the next video! Litecoin Address: LUe6Ub9UUGjFxkFbNkBA6nD4ebwRSeSsgD mrsotko@gmail.com the safest way to store bitcoin and claim bitcoin forks https://www.ledgerwallet.com/r/554d Trade almost all alt coins here at cryptopia https://www.cryptopia.co.nz/Register?referrer=mrsotko
Views: 13226 MrSotko CryptoCurrency
How The IRS Will #@*! up Bitcoin in 2018. (WHAT TO EXPECT)
This video explains how the IRS currently taxes cryptocurrencies, how the GOP tax bill will affect crypto-to-crypto trading, and tips to making your crypto tax season MUCH LESS stressful. Do You Want 10$ of Free Bitcoin?: https://www.coinbase.com/join/5a2976f... FOLLOWING THESE STEPS WILL ALLOW YOU TO MAKE YOUR MONEY BACK IN NO TIME!!!! =$$$$ Questions: email KingCryptical@gmail.com Good Luck, Let's Get Cryptical :) ** This is not financial advice. My videos (Such as this one) are my observations and opinions I formulated through research. Do not treat this video as explicit financial, investment or trading advice. You must do your own research when purchasing cryptocurrencies.**
Views: 17596 King Crypto
Crypto Taxes EXPLAINED! Bitcoin/Altcoins, Like-Kind Exchanges, Examples! (U.S. Specific Dec. 2017)
DISCLAIMER: I AM NOT A TAX PROFESSIONAL, PLEASE DO YOUR OWN RESEARCH ON THIS IMPORTANT TOPIC! Many people have been wondering how their crypto transactions/dealings are going to fit into their taxes this upcoming tax season in the U.S. This is admittedly a very confusing topic that is likely going to be a huge hassle. I dove in and did some research on how our crypto/Bitcoin dealings are going to be taxed so I made this video to share my findings with you! Topics include: Like-kind exchanges, Capital gains, FIFO, LIFO, determining USD value, spreadsheet example of trading altcoins, and much more! If you find this helpful, I'd love to hear from you in the comments below and also get a LIKE/SUBSCRIBE! Previous Bitcoin taxes explainer video: https://youtu.be/-SvZWDl3wJ4 ******************************************** Hey everyone, thanks for watching. If you enjoyed this video please give me a LIKE and SUBSCRIBE to catch all my future content. If you have any questions definitely leave me a comment below and I’ll try my best to get back to you! Disclaimer: I am not an official investment advisor - everything I say is purely my opinion. Some of my videos are sponsored, those will be clearly marked by YouTube. If you’re dealing with a new process it’s always RECOMMENDED to try out the whole process end-to-end with a smaller amount before you move the bulk of it. If you want to sign up for various exchanges, you can use my referral code for bonuses. I use all of these exchanges and recommend them: Coinbase/GDAX: https://www.coinbase.com/join/5925a6f5f35ce600bcd082d2 Binance: https://www.binance.com/?ref=11165323 Kucoin: https://www.kucoin.com/#/?r=1KRQ5QR Changelly: https://changelly.com/?ref_id=38a4c94cf5c4 Also be sure to check out our communities: Facebook (Main Group): https://www.facebook.com/groups/cryptoforbeginners/ Facebook (Mining): https://www.facebook.com/groups/miningforbeginners/ Facebook (ICOs): https://www.facebook.com/groups/icoforbeginners/ Steemit: https://steemit.com/@btcforbeginners Instagram: https://www.instagram.com/btcforbeginners/ Twitter: https://twitter.com/btcforbeginners/ Intro Music Credits: ‘Soaring Intro A” Jay Man – OurMusicBox http://www.youtube.com/c/ourmusicbox
Views: 30474 Bitcoin for Beginners
Crypto and Taxes - How to Pay Taxes on Bitcoin and Cryptocurrency
How to Buy ICOs: https://youtu.be/Zq20t3wVQ-Y How to Buy Bitcoin Tutorial: https://youtu.be/CYItaOmGvrU Buy Cryptos on KuCoin: https://youtu.be/DDCSA5Z0as8 Crypto Love T-shirts and Mugs: https://youtu.be/bdFVI67tu_Q Buy Cryptos on Binance: https://youtu.be/lD_bpFQTITc Crypto Taxes - How to Pay Taxes on Bitcoin, Cryptocurrency, BitConnect, Coinbase and altcoins including Ethereum, Litecoin, etc in the United States. We are going to take a look at crypto tax law and recent changes to the crypto tax bill including the 1031 exchange like kind transfer in the US implemented by Trump. Your crypto taxes explained for 2018 and 2017. Don't evade paying taxes as it is a federal offense. We are going to have a live webinar this Sunday with a Crypto Tax Expert and CPA where we will cover all necessary tax laws. Lets talk crypto taxes - answering your questions. Crypto taxes explained. New IRS code turns crypto traders into criminals. New IRS 2018 tax code screws crypto traders. One quick tip for taxes and crypto for coinbase users. How to do taxes for bitcoin and cryptocurrency. Cryptocurrency tax in 5 minutes - what are taxable events? Coinbase says don't forget your crypto taxes. Cryptocurrency taxation - the definitive guide. What I learned from my CPA about crypto taxes in the US. Bitcoin tax myths. How to avoid the headache with cointracking. Trump signed Crypto Death warrant tax bill. US Tax changes and cryptocurrency exemptions 2018. The best crypto related tax advice I could ever provide. Trump and IRC section 1031 SEC - all crypto taxable. Making sense of your bitcoin taxes. To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with your own money is your own responsibility. Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money. I Love Crypto!!! Crypto Love Donation: Bitcoin - 15DazsKt5EKLPojjKacPAwnJ2nJn2EF9A1 Ethereum - 0x5Db0b1300898d349DDE9DDBEc284F8602F55AA06 Litecoin - LQEmDtB44jGfYhT3rV683wGwBuVPxX2fV8 NEO - AVPUTz3WmL1ASjVj9FJCYGUP3CDTkbeUoa
Views: 9849 Crypto Love
Cryptocurrency Tax in 5 Minutes - What are Taxable Events ?
Andrew Gordon of Gordon Law & Accounting lays out what is, and what is not a taxable event when dealing with cryptocurrency trading. Is BTC to ETH a tax-free, like-kind exchange? Andrew breaks it down in an easy to understand and concise manner. This is general legal advice and should not serve as a replacement for consulting with a CPA or attorney. Andrew is an attorney and CPA that has been active in the cryptocurrency space for several years. He helps clients with complex tax problems as well as bookkeeping and tax returns for crypto clients. He can be contacted at : 1) https://www.gordonlawltd.com/cryptocurrency-tax-lawyer/ 2) abg@gordonlawtd.com 3) 847-580-1279
NEW IRS tax code turns CRYPTO traders into CRIMINALS
If you trade Cryptocurrency you are now no longer compliant with Tax code/law. Cyrpto traders are now Criminals!!! Great video on how the new tax code works. https://www.youtube.com/watch?v=1N9eGrC4y1g Consider contributing to my Patreon: https://www.patreon.com/RandomRantsofRyan Contribute to my Paypal directly: https://www.paypal.me/RandomRantsofRyan Buy a tee shirt support the cause! https://pizzagategear.com/ Don't forget to check out my stupid social media sites: Like the ever mind numbing Twitter: https://twitter.com/RandomRantsofRy Or the painfully dumb Instagram: https://www.instagram.com/randomrantsofryan/ Perhaps the least dumb facebook: https://www.facebook.com/RandomRantsofRyan/ Don't forget to Subscribe if you like my shit! https://www.youtube.com/channel/UC2sTO9z_I8E2Mr5TmegXnKQ/featured?view_as=public
Views: 70290 Random Rants of Ryan
I.R.S. Bitcoin Tracing Tools; Track & Identify Transactions via Chainalysis
I.R.S. Bitcoin Tracing Tools; Track & Identify Transactions via Chainalysis: https://steemit.com/@garypalmerjr As we mentioned in yesterdays video, #Bitcoin is not 100% anonymous; is only pseudo-anonymous, and while some of your privacy may be leaking online, analytics companies like "#Chainalysis" are sifting-up the details and placing tags on a whopping 25%-plus, of all Bitcoin addresses! And now, we find out that U.S. #InternalRevenueService (yes, the beloved #IRS) is using this #BitcoinTracing software (from the startup "Chainalysis") to monitor as many Bitcoin transaction as possible. So, if you pay your taxes and have no secretes, then do you have anything to worry about? Should we be upset that exchanges like #Coinbase are allegedly storing wallets in such a way that an analytics company like Chainalysis or #BitSeer can identify individual users? And what does it mean that the owners of Coinbase have an ownership stake in the startup Chainalysis? === Show Links === ► http://coinmarketcap.com/ ► https://www.coindesk.com/irs-using-bitcoin-tracking-software-since-2015/ ► http://fortune.com/2017/08/22/irs-tax-cheats-bitcoin-chainalysis/ ► https://www.reddit.com/r/Bitcoin/comments/6vbhcv/good_morning/ ► https://cointelegraph.com/news/hodlers-beware-hackers-persuade-phone-companies-to-hand-over-numbers ► https://cointelegraph.com/news/each-bitcoin-could-be-worth-619047-in-10-years-forbes-contributor === HOW TO HELP ♥ MINTING COINS™=== 1) WATCH, + Subscribe, Like, & Comment :) 2) DONATE Cryptocurrency, to the addresses below. 3) FOLLOW-us on SteemIt: https://steemit.com/@garypalmerjr/ 4) JOIN us at: https://mintingcoins.com/ === DONATIONS Accepted === ✯ Donate BTC-Bitcoin ♥ 1G5QaqZH6WQ5wcFb6TGbHoT7Ugct6TYnML ✯ Donate ETH-Ether ✯ 0x2184b97649a1689E7F92b11f217AF8ae39f701Aa ...or use our ENS name: mintingcoins.eth ✯ Donate DASH ✯ Xmi5w4F26VPt2C5pSJQahe8969V43zrP2J ✯ Donate LTC-Litecoin ✯ MTPicHRLbBwmqcSEAyhm9qXox2GdAb6iBb ✯ Donate ZEC-Zcash ✯ t1VqC9NL5o3DkNBzKB4fPvtDsdGQ1h2F2nR ✯ Donate BCH/BCC-Bitcoin Cash ✯ 1FXxpWiHh9XoCNrRpb8ii61aecYDDCp2do ✯ Donate XMR-Monero ✯ 49E4qvpriNgJ8C1wD9iSDDcSiSqXFwUUdP7XRnhw7CbfT5mLeGk2M5n6pZtu5P6sk7KficCFCpFUdSpfBqguP1HR6iahc6u === FOLLOW, Like, & Subscribe === ♥ Follow us on SteemIt: https://steemit.com/@garypalmerjr ➨ Follow us on Twitter: https://twitter.com/MintingCoins/ ➨ Like us on Facebook: https://www.facebook.com/MintingCoins/ ➨ Follow us on Google+: https://plus.google.com/+MintingCoins E-mail us any screenshots, footage, or ideas ..for future episodes, to: MintingCoins 23 @ gmail .com === Approved Products === MINTING COINS™ T-shirt & Accessories! ♥ https://MintingCoins.spreadshirt.com/ Join COINBASE: ♥ https://www.coinbase.com/join/528bf7b561411909040001fa TREZOR Wallet (Cryptocurrency/Bitcoin Hardware-Wallet) ► Shop: https://mintingcoins.com/shop ► eBay: https://goo.gl/sSib2w Bitmain ANTMINER'S ► Shop: https://mintingcoins.com/shop ► eBay, S9 & S7: https://goo.gl/yRdPsG === ABOUT Minting Coins™ === It's time to join the Blockchain & Cryptocurrency Revolution. If this video helped, inspired, or enlightened you ~ ...then please Follow, Like, & Subscribe to HELP our channel! Buy Bitcoin, Ethereum, & Litecoin, here: https://www.coinbase.com/join/528bf7b561411909040001fa ♥ Minting Coins™ Official Website: https://MintingCoins.com === Copyright/Copyleft === Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for purposes such as criticism, comment, review and news reporting is not an infringement of copyright. We are making such material available for the purposes of criticism, comment, review and news reporting which constitute the 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. ALL footage used is either done under the express permission of the original owner, or is public domain and falls under rules of Fair Use. (This is a fair use disclaimer that you can use too.)
Views: 3645 Minting Coins
IRS vs. Bitcoin: Why US Crypto Investors Need a Second Passport
IRS vs. Bitcoin - what is in the cards? Andrew talks about the news you need to know if you're a US citizen and a crypto investor. New US tax laws are in the game that will regulate Bitcoin and make having an anonymous cryptocurrency account increasingly difficult. It was only a matter of time before IRS and the US Government made their move toward making Bitcoin reportable. We will see the reality of this law starting from 2018. According to the new rulings, anyone who has over $20,000 in Bitcoin will have to report it to the IRS. The bottom line here, of course, is the capital gains tax which will be directly imposed on all the major cryptocurrency holders. How can you turn things around and make them work for you? One of the foolproof options is to obtain a second passport, and this is particularly valid for US citizens who are Bitcoin owners. Living in the US and investing a lot of money into cryptocurrencies will result in huge loses due to taxes that you'll have to pay, and having a second citizenship will easily save you hundreds of thousands of dollars. This is and will be a burning topic in the upcoming months, so if you're big into cryptocurrencies, now is the best time to come up with a strategy that will serve you best. As IRS takes on Bitcoin, we're yet to see the moves that US-based crypto investors are going to make. Most likely, we'll be seeing a lot of citizenship renouncements in order to keep the earned money safe. What is your plan of action? What are your thoughts on this move from IRS? Tell us all about it in the comments! You can read more about affordable EU citizenships right here: http://nomadcapitalist.com/2017/12/11/easiest-cheapest-second-residencies-eu/ ___________________________ ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump. As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve. Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle. About Andrew: http://www.nomadcapitalist.com/about/ Our website: http://www.nomadcapitalist.com Our blog: http://www.nomadcapitalist.com/blog/ Work with Andrew: http://www.holanomad.com/ Facebook: https://www.facebook.com/nomadcapital...
Views: 6179 Nomad Capitalist
UH OH! I Owe $50,000 In Crypto Taxes To IRS
JOIN MY EMAIL LIST (before I get banned) https://www.mcssl.com/WebForms/WebForm.aspx?wid=756241a9-27b7-4106-b0cb-c685a5a68afc Silver Shield MiniMintage https://www.goldenstatemint.com/Silver-shield-collection/ Silver Shield Group MicroMintage https://silvershieldxchange.com/2016/07/28/join-silver-shield-group/ DONATE! https://www.paypal.me/SilverShieldXchange Silver Shield Guide http://www.silvershieldguide.com/ FREE 46 HOUR Sons of Liberty Academy http://sonsoflibertyacademy.com TWITTER @SilverShield76 INSTAGRAM @SilverShieldXchange
Views: 8574 TruthNeverTold
Should You Pay TAXES On Your Bitcoins??
▶▶▶ THE BEST INVESTMENT OF 2018 - https://www.youtube.com/watch?v=2ml9R6DUOaU ▶▶ ONLY ICO TO OFFER FREE VACATIONS - https://www.TravelBlock.io/ ▶ BUSINESS ONLY: tychebitcoins@gmail.com Bitcoin is rising, and with the crazy profits we're seeing all over the world.. the question arrives, should you pay your taxes? What are the regulations for paying your BTC taxes? Do you even need to pay anything for gaining off of Bitcoin or Ethereum? We'll address those concerns today, so stay tuned! ▶▶▶Below you'll find all your cryptocurrency needs! ▶ Want to purchase Bitcoin? ✔ In-person / cash exchanges: https://localbitcoins.com/?ch=dq5j 2nd option: https://paxful.com/roots/buy-bitcoin/index?affiliate=5wNkq9yZk6r Normal exchanges: CoinMama - https://www.coinmama.com/?ref=kubera WhaleClub - https://whaleclub.co/join/9EUhnZ ▶ Want a safe place (wallet) to store your coins? Ledger - https://www.ledgerwallet.com/r/0680 ▶ Want a Bitcoin Debit card? CryptoPay - https://goo.gl/JBdmnX ▶ Want to play and bet on your coins? BinEvo - https://goo.gl/TCCv83 Casino - https://www.betchain-casino.com/refer/7b6ef41c LOTTERY - https://goo.gl/BTB3DT ▶ ▶ ▶ Want to SUPPORT my channel? ❤ Bitcoin: 1KFpunQqDJuiEG1G8RokZ1XhYxajxCwugc Ethereum: 0xdBE0c29d186bEf63866F1D2f6D292f0671244601 Litecoin: LLDnkTC1CqFCV3UtEGZ3EELA53pHufVV3r Steemit: https://steemit.com/@oceanica ▶ You can also support my channel by shopping on Amazon ✔ Use it for ANYTHING! - https://goo.gl/DmEHFg ► If you enjoyed this video, please consider giving this video a like and subscribing to the channel! Music: n/a (Outro - OBESØN - Dr*gs) *This is not actual investment advice, please do your own research before making any buy/sell orders for anything mentioned!* Bitcoin paying taxes / altcoins paying taxes -~-~~-~~~-~~-~- Please watch: "Visiting ICO Company's OFFICE - CRAZY REVIEW! (IndaHash HQ)" https://www.youtube.com/watch?v=cDzYchb-IjE -~-~~-~~~-~~-~-
Views: 35218 Kubera
Bitcoin and the IRS / Taxes (Capital Gains and Losses)
http://www.billbrookscpa.com/bitcoin-and-the-irs-taxes-capital-gains-and-losses/ - Bitcoin and the IRS / Taxes (Capital Gains and Losses) Bitcoin Tax Accountant Bill Brooks, CPA 5350 Manhattan Cir #106 Boulder, CO 80303 http://www.billbrookscpa.com/ Accountant in Boulder, Colorado
Views: 65 BillBrooksCPA
Making SENSE Of Your Bitcoin TAXES!! (US Specific - July 2017)
Many of y'all have been wondering how all your cryptocurrency transactions affect your taxes next year... well I did some research for you on this confusing topic! Bitcoin and other coins are actually treated as property by the US IRS instead of currency. This has many implications, such as paying capital gains, so watch the video to learn more!! Also please subscribe if you like my content because I will be putting out more really soon! Note: DO NOT take my word as law - please do your own research to verify. Also this video was made on July 2017 so rules may have changed since then. Please consult a tax professional if you have more in depth questions.
Views: 23043 Bitcoin for Beginners
Are Bitcoins and Cryptos Taxable?
Coinbase Referral Link: http://bit.ly/2t0EnXu (Purchase $100 or more in Bitcoins, get $10 free bitcoin, I get $10 also) A follow up to my previous video on after using Coinbase for over a month. So far so good and a refresher with regards to taxes on gains in this investment vehicle. Also, Bitcoin split into Bitcoin and Bitcoin cash. Luckily Coinbase did the right thing in supporting both and the current value of both combines makes for some 25% gain or so from when I first made the first video. Investing in this is very risky and very VERY volatile. So take it as a moonshot and don't let it steal your pants! Audible Free Audiobook Trial: http://www.audibletrial.com/BeatTheBush GameFly: http://www.gameflyoffer.com/beatthebush Patreon: http://www.patreon.com/BeatTheBush My Equipment: Canon 5D Mark III: http://amzn.to/2e8cwuV Canon 24-70mm Lens: http://amzn.to/2du7A5D Audio-Technica Camera-Mount Mic: http://amzn.to/2eBuPXp Semi-Portable: Canon G7x Mark II Creator Kit: http://amzn.to/2nKdkNU Portable: GoPro Hero Camera: http://amzn.to/2er4H3S GoPro Stabilizer from Feiyu Tech: http://amzn.to/2gaW3ci ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 16081 BeatTheBush
Cryptocurrency Tax Misconceptions | Bitcoin and Altcoin Gains & Losses
Don't let misconceptions about Cryptocurrency taxes get in the way of you making money on Bitcoin and Altcoins. There have been a lot of false rumors and lots of bad advice being cautioned in the comments that we wanted to address. With 2017 taxes soon being due, and the IRS making some clarifications on cryptocurrency back in Decemeber, there is still a lot that you need to know to properly track your crypto investments and know what is and what isn't a tax liability. I am not a tax professional, or a financial advisor so please consult with whoever you deem necessary to CYA when it comes to filing your own taxes. I just wanted to clear the air on some of the tota; BS I have seen people spouting out there. Forbes Article: https://www.forbes.com/sites/kellyphillipserb/2018/01/09/what-you-need-to-know-about-taxes-cryptocurrency/#5ad7b2bc605f IRS: https://www.irs.gov/pub/irs-pdf/i1040sd.pdf
Views: 14205 Altcoin Buzz
Bitcoin & Taxes! When the Taxman Cometh for your Bitcoin ... In Canada 2017
Tax season approaches in Canada & the U.S. Since crypto is not immune from Capital Gains taxes in both countries it's important to have this discussion on why we have to pay (legally) and how we can minimize our taxes (charitable donations, declaring losses, minimizing trades) Please donate to this Channel, by supporting me on Patreon or by sending me some Steem on Steemit. Follow me on Instagram: @tofferwayne or Steemit @tofferwayne and Twitter @TofferWayne *I only recommend companies and products I personally use, and any donations in Bitcoin Cash help to pay for content creation. Thanks! I am not a financial professional, rather a casual investor like you, take these comments as my thoughts only not investment advice.*
Views: 929 Toffer Wayne
Bitcoin TAX Myths! How to Avoid the Headache with Cointracking
Bitcoin Tax Myths: There are a lot of questions and misinformation circulating in our community about crypto & taxes. This is my attempt to clarify some important points. I hope you find it helpful. This info does not substitute consultation with your own tax advisor. Cointracking (💰10% DISCOUNT 💰): https://cointracking.info?ref=M271889 Ledger Nano S wallet: https://www.ledgerwallet.com/r/6e63 Coinbase: https://www.coinbase.com/join/5a3b3fce65190a05751f66fc LocalBitcoins: https://localbitcoins.com/?ch=j15m Donations ----------------- ❤️ Bitcoin 19wFRkYyP1Ko7SBpsKnvAMWn1TrNwVpGp4 ❤️ Ethereum 0x043fbbfd1b31c06d795418fc07f85689dacb92e9 ❤️ Litecoin LQLkkwQMQGJeP31TR9HMZqjdKY9vhKexcT
Views: 128502 EverythingCrypto
CRYPTO TAXES TUTORIAL - Coinbase Report Tool & IRS Guidelines
🎴 SUBSCRIBE HERE » https://goo.gl/KFr6g6 🏦EXCHANGES Coinbase » Registration: https://goo.gl/aHLwbB Binance » Registration: https://www.binance.com/?ref=16553332 🔑HARDWARE WALLET Ledger » Purchase: https://www.ledgerwallet.com/r/f7c4 🌍SOCIAL MEDIA » twitter: https://twitter.com/sunnydecree » facebook: https://www.facebook.com/sunnydecree » steemit: https://steemit.com/@foodnature ✉️CONTACT ME » facebook: https://www.facebook.com/sunnydecree 💵BTC 12vg29zgveAqm31yiUrL9kM2ANmYMFaA93
Views: 6060 sunny decree
TAX ON BITCOIN: Should You Pay Taxes On Bitcoin/Crypto Gains?
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Views: 5746 Ryan Scribner
Bitcoin and Taxes
2015 Texas Bitcoin Conference in Austin, Texas. http://TexasBitcoinConference.com
IRS Needs to ADAPT to Crypto - NOT Accuse Bitcoin Users of Tax Avoidance - CHANGE OR DIE
🚀 Get the Apps! ★ http://cryptoyum.com ★ http://coinpuffs.com 10 Days of Bitcoin: 💯 Free Email Course! ★ http://10daysofbitcoin.com IRS needs to get with the program and give us better direction as to how we can give them money...?! // GET STARTED 🚀 Become a Cryptonaut - Support us on http://patreon.com/pub 💻 Join us at the PUB! - http://thebitcoin.pub 💰Get a Coinbase Wallet! - http://dctv.co/dctv-coinbase - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - https://dctv.co/dctv-news 📔 Twitter - https://dctv.co/dctv-twitter 📔 Facebook - https://dctv.co/dctv-fb 🔑 Instagram - https://dctv.co/dctv-instagram 💻 Google+ - https://dctv.co/dctv-googleplus ✏️ LinkedIn - https://dctv.co/dctv-linkedin 💻 Medium - https://dctv.co/dctv-medium Music by Charles Giovanniello, a Bitcoin Pub community member! Note: This is not financial advice as all investing is speculative. Have fun and good luck!
Views: 4501 Decentralized TV
Bitcoin investor beware!  The IRS DOES NOT PLAY! - Rebecca Samuels, CPA
The Dr Boyce Watkins Channel is an all-black news and commentary channel that features a number of African American thinkers, commentators and speakers. The views of each video are not necessarily representative of those of Dr Boyce Watkins himself. You can follow Dr Watkins at the links below: Instagram: @TheRealBoyceWatkins Twitter: @DrBoyceWatkins1 Via Text: Text the word Boyce to 31996 Youtube: Youtube.com/DrBoyceWatkins To learn how to start your own business: TheBlackBusinessSchool.com Personal website: BoyceWatkins.com The Dr Boyce Watkins Wealth-building program for children: BlackMillionairesOfTomorrow.com To take my online course: TheBlackWealthBootcamp.com The Dr Boyce Watkins podcast on Soundcloud: https://soundcloud.com/boyce-watkins The Dr Boyce Watkins Black Economic Empowerment Tour: TheDrboyceWatkinsTour.com
Views: 23873 Your Black World
How to Calculate Bitcoin Taxes | Bitcoin Taxation Explained
How to Calculate Bitcoin Taxes (links below) Now that the IRS has "partially won" the Coinbase case. People are getting worried about their cryptocurrency taxes and asking themselves should we be paying taxes on bitcoin or cryptocurrencies and how do altcoin taxes work, how to calculate bitcoin taxes etc. The IRS will be taxing bitcoins and cryptocurrency, you will have to pay capital gains tax I just don't think the IRS knows how to enforce crypto taxes yet. so the question: How to Calculate Bitcoin Taxes and how to pay taxes on bitcoin is not the most relevant question. But if you do want to know go over to http://www.libratax.com ►Join Bitconnect HERE (And get up to 5% of your first investment back from me): https://goo.gl/vm8RPk ►How Bitconnect works: https://www.youtube.com/watch?v=skVw3FRxCfg OTHER RESOURCES 🚀 Link for that crypto hustle clothing with DISCOUNT: https://goo.gl/mzcrc2 💎 Link for the Kings of Crypto T-Shirts : https://goo.gl/Hk4ZNZ 💰 BUY YOUR BITCOIN HERE: https://goo.gl/gr2G4e (Receive an extra 10$ for any purchase over 100$) RECOMMENDED READS ►Ethereum: Blockchains, Digital Assets, Smart Contracts, DAOs - http://amzn.to/2zkXTwS ►The Creature From Jekyll Island: http://amzn.to/2yUyRse ►Think and Grow Rich - Napoleon Hill: http://amzn.to/2yUqTiX ►The Age Of Cryptocurrency - http://amzn.to/2xSetYs ►The Internet of Money - http://amzn.to/2xQRTKV MUST HAVE CRYPTO RESOURCES ►Ledger Nano S - https://goo.gl/aE7AAw ►Automatic Trading Platform - https://goo.gl/KxbQQZ If you dig the content and want to buy me a beer, here are my addresses: 💎 BTC Address 1NJnsJYetR4hyE59jt2QoZ2ajTyyQuaYEV 🌕 ETH Address 0x77c8896267e90FC4586EF5BE71a41ddb771019A8 FOLLOW ME ON OTHER PLATFORMS ► https://www.facebook.com/realmatthewtimothy ► https//www.instagram.com/matthew1w DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make. MatthewTimothy -~-~~-~~~-~~-~- Please watch: "Dent Crypto 2018 - Is Dent Coin Worth Investing In?" https://www.youtube.com/watch?v=WqSXQdrF-5c -~-~~-~~~-~~-~-
Views: 3620 CryptoLand
Bitcoin Is Property Not Currency in Tax System: IRS
March 25 (Bloomberg) -- The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the IRS said in its first substantive ruling on the issue. Matt Miller reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg) -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
Views: 5168 Bloomberg
Bitcoin taxes! What should we expect when it comes to paying Taxes on Crypto Currency. Going over the IRS Crypto Currency FAQ in this video. The IRS has made it very clear that Crypto Currencies are Taxable Assets that we have to claim! If you enjoyed this video please Subscribe to the channel for more videos coming soon! Just click link below! https://www.youtube.com/channel/UCTovmBbgOEgi4iXqSH3IxjQ?sub_confirmation=1 Check out CoinBase the APP I'm using to buy Bitcoin/Etherum/Litecoin Sign up and earn $10 Free with this link https://www.coinbase.com/join/59f68845df1dbc00cdaf4a94 Social Media- https://www.instagram.com/patrickwieland/ https://twitter.com/pWielandTrading https://stocktwits.com/PatrickWieland
Views: 1802 Patrick Wieland
US Tax Changes And Cryptocurrency Exemptions 2018
There has been some news coming out that the US will be changing its considerations for what is exempted as a like-kind exchange of property. In regards to cryptocurrency this could have repercussions to those who trade currencies. It is looking like Like-Kind Exchanges may soon only pertain to physical real estate investments, and same for same coin/token exchanges. Please consult with your accountant or tax preparer to learn more about how these changes could effect you in 2018.
Views: 35217 Altcoin Buzz
Fill Out Form 8949 For Bitcoin Taxes
Fill Out Form 8949 For Bitcoin Taxes 👉FREE Sign Up first 20 transactions free: https://bitcoin.tax/r/2qsy4Vha5 👍 Get 10 bucks FREE when with new sign up and buy $100 dollars of Bitcoin CryptoCurrency: https://www.coinbase.com/join/52199ca9d4ad5a7c08000043 👉FREE to Join Binance: https://www.binance.com/?ref=11973126 👍 Coinexchange to buy Altcoins: https://www.coinexchange.io/?r=38b5867f 👍Earn 0.5% Bitcoin Daily with hashflare: https://hashflare.io/r/6FF7F0B 👍 FREE 3% HASHPOWER UPGRADE when you use this code: 2i0Wj8 https://www.genesis-mining.com/a/1019631 Donations/Tips: [Great Way to Test Send Time litecoin cheap sends] LTC: LVTFH9r9GnM3r6g9iLNeBQLnUxQVXmkfbL ETH: 0x8b8f166CeFd022c55e49Eaeef42D1785D8025E14 Disclaimer: There is risk involved in trading, mining, lending and investing in cryptocurrency. Jason Chan does not take any responsibility for any losses that may occur. Jason Chan does not give financial advice. These videos are for informational and entertainment purposes only. The Jason Chan “crypto chan” videos contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. IN SUMMARY THE SERVICE AND THE MATERIALS ARE PROVIDED BY Jason Chan ON AN AS IS BASIS, AND Jason Chan EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SERVICE OR ANY MATERIALS AND PRODUCTS. IN NO EVENT SHALL Jason Chan BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER WITH RESPECT TO THE SERVICE, THE MATERIALS AND THE PRODUCTS. AND ONCE AGAIN – Never invest in a stock or cryptocurrency discussed on this web site or in our newsletters unless you can afford to lose your entire investment. You are responsible for your own actions. I am not tax lawyer or CPA please consult them before doing your own taxes. This for education and what I think this supposed to be filed. This disclaimer may change from time to time without notice. https://steemit.com/@jasonchan #bitcoin #taxes #irs
Views: 751 Crypto Chan
Bitcoin and Taxes - The IRS uses 'Chainalysis' to catch Tax Evaders!
Here is a tool that I use to help taxes become easier to keep track of: Please support my channel by using my affiliate link here: www.BitcoinTaxTool.com
Views: 45711 Rob Harris
coinbase says don't forget your crypto taxes
Views: 11045 silvertooth
Do you have to pay taxes on cryptocurrency : YES - from my understanding, when your bitcoin or cryptocurrency is sold for USD - you must report it to the IRS. Yes, it isn't fun. But it's safer than hiding it. At the very least, report as some of it to keep them off your back. Despite not wanting to, I reported all my crypto trades on my tax form. cryptocurrency tax rate = capital gains tax rate BEWARE INVESTORS! - IRS CRACKING DOWN ON CRYPTO TAX "CRIME" Will you pay the bitcoin tax / crypto tax ? Or are you going to take that risk? Comment your crypto thoughts below and subscibe for more cryptocurrency daily news updates ! FROM ARTICLE: Cryptocurrency crimes defy borders, and regulatory bodies are collaborating internationally to fight them. The US Internal Revenue Service (IRS) has allied with tax authorities from Australia, Canada, the Netherlands, and the UK to fight tax crime and money laundering with cryptocurrency and other financial assets, the government agency announced on its website on Monday. The joint efforts — named ‘Joint Chiefs of Global Tax Enforcement (J5)’ — will comprise of six agencies from the five countries including the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD) from the Netherlands, HM Revenue & Customs (HMRC) from the United Kingdom, and Internal Revenue Service Criminal Investigation (IRS-CI). The agencies will share information and intelligence, conduct joint investigations, and attempt to improve operational capability to grow international crime enforcement efforts. IRS stated that the J5 will make the most of data and technology to “reduce the growing threat posed to tax administrations by cryptocurrencies and cyber crime.” The J5 was formed in response to Organisation for Economic Co-operation and Development’s (OECD) call to action for countries to do more to tackle the enablers of tax crime — and the agencies will also work with the rest of the 30 OECD countries to fight tax crimes as and when required. Don Fort, Chief of IRS-CI, told Forbes on the purpose of enacting J5: We cannot continue to operate in the same ways we have in the past, siloing our information from the rest of the world while organized criminals and tax cheats manipulate the system and exploit vulnerabilities for their personal gain. The J5 aims to break down those walls, build upon individual best practices, and become an operational group that is forward-thinking and can pressurize the global criminal community in ways we could not achieve on our own. It is worth noting that authorities all across the globe have increased their efforts in fighting cryptocurrency related crimes. Authorities in both the US and Europe recently seized millions of dollars in cryptocurrencies in raids against drug sellers on the dark web. The US Department of Justice is also currently probing cryptocurrency market manipulation. Law enforcement authorities often find it difficult to fight cryptocurrency-related tax frauds due to the ease with which they can be transferred internationally. While cryptocurrency transactions are not exactly anonymous — they can be extremely difficult to trace — especially once they have left your borders. International collaboration will make it easier for these authorities to fight cryptocurrency crime, and other countries should follow suit. source: https://thenextweb.com/hardfork/2018/07/03/irs-cryptocurrency-tax-fraud/ THE BITCOIN BREAKTHROUGH: http://b00da9cih8wwgwcguox6m5cjzc.hop.clickbank.net/ BITCOIN INVESTING GUIDE: http://c3eb3jcqn23mgud8-oqgxrntcq.hop.clickbank.net/ GET THE CRYPTO ICO INVESTING GUIDE: https://amzn.to/2HbhAMU or http://selz.co/4J3AW7aqN GET THE CRYPTO CHEATSHEET: https://amzn.to/2GICwgq or http://bit.ly/2HF2Ftf JOIN THE GROUP: http://bit.ly/2pi4Rjq Start Buying Bitcoin and Ethereum: https://cex.io/r/0/up107571407/0/ TRADE ON BINANCE: https://www.binance.com/?ref=27529551 SUBSCRIBE TO MY EMAIL LIST: http://eepurl.com/c9Rag1 Business email: thenaughtyinvestor@aol.com Intro Created By Psychic Savior. Check out his channel: https://www.youtube.com/channel/UCF3IpZilLlEab7ON1udZ8iA Buy stocks with no fees: http://share.robinhood.com/philipm72 Find Great Stuff on Fiverr: https://www.fiverr.com/s2/3034687225 *FOLLOW MY INSTAGRAM* https://www.instagram.com/thenaughtyinvestor/ FOLLOW ME ON STEEMIT: https://steemit.com/@naughtyinvestor My Second Channel: https://www.youtube.com/channel/UCo3JDDE_gGvBoBfq5m4U2jw?view_as=subscriber **not investment advice. Anything stated is my opinion** **some links may be affiliate** I'm The Naughty Investor and thanks for watching !
Why the IRS will tax Bitcoin as property: 90 Seconds on The Verge
IRS rules that bitcoin will be taxed as property, not currency. As for dogecoin, it's sponsoring a NASCAR driver. http://www.theverge.com/2014/3/25/5546736/irs-rules-that-bitcoin-is-property-not-a-currency http://www.theverge.com/2014/3/25/5546662/a-dogecoin-sponsored-nascar-is-happening-after-group-raises-more-than-44-thousand-dollars Hosted by Adrianne Jeffries. Written by Ross Miller and Nathan Cykiert. Video Production by John Lagomarsino.
Views: 15742 The Verge
No One Reporting Bitcoin To The IRS - Taxation Is Theft! (Freedom Minute)
Josh Sigurdson does another Freedom Minute update, this time on the recent finding of a survey by Credit Karma showing that only 0.04% of Bitcoin users actually reported their gains or losses to the IRS. 100 out of 250,000 filers. This doesn't come as a surprise to most of us. Of course taxation is theft and cryptocurrencies are great ways to decentralize. Why would everyone run to the IRS to beg them to steal their money? No matter how much FUD is spread in the news with fake stories about regulations, bans and taxation regarding cryptocurrencies, it's futile. People can see through it. The laws surrounding cryptocurrencies are largely unenforceable. Individual demand reigns in the decentalized cryptoworld. This is also good news for cryptocurrencies from another angle. Everyone was concerned leading up to tax day in the United States that everyone would dump their cryptos to pay taxes. Well apparently that's simply not the case. As establishment elites attack Bitcoin all while buying it and attempt to manipulate markets in order to maximize profits, we are at a turning point in the road for cryptos. We have been given time to think not of greed, but of the great possibilities cryptocurrencies provide. To decentralize life rather than speculate on crazy profits. This is an important moment. Bitcoin dodged the death cross recently and actually saw support on it which we had previously predicted. Now what comes next is unknown but there sure is a lot of renewed bullish interest. Stay tuned as we continue to cover this subject! Video edited by Josh Sigurdson Featuring: Josh Sigurdson Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU Buy Tickets for G. Edward Griffin's much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below: https://redpillexpo.org/wam/ref/26/ World Alternative Media 2018 "Find the truth, be the change!"
Andreas Antonopoulos on the IRS Tax Ruling
Upon hearing the news of the new IRS taxation ruling on digital currencies, we rushed to get the thoughts from cryptocurrency entrepreneur and security expert Andreas Antonopoulos at the CoinSummit. Perianne Boring interviewed Andreas to hear his perspective on these new tax guidelines, and what they will actually mean for businesses, exchanges, miners, and consumers using bitcoin and other digital currencies. Watch on the Money & Tech website at http://www.moneyandtech.com/andreas-antonopoulos-irs-ruling/
Views: 18307 Money & Tech
Coinbase Sends American Clients IRS Tax Form 1099-K - Bitcoin News
Coinbase Sends American Clients IRS Tax Form 1099-K - Bitcoin News Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[14] Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. ► SUBSCRIBE FOR MORE VIDEOS: https://goo.gl/NYaHq2 ► Bitcoin News -Alt Coin news - coin telegraph - coindesk - coin market cap https://goo.gl/45UVFu ★★★ Thanks for watching! Please leave a like if you enjoyed and tell me what you think in the comments! Thanks ★★★
Views: 268 CoinKorea
Bitcoin Q&A: Coinbase vs. the IRS
I wasn't shocked that Coinbase is about to be raided. Who on Coinbase didn't know that everything they did was going to be surveilled? That's what it means to work with a regulated exchange. The coming negotiations between Coinbase and the IRS. This talk took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England: https://www.meetup.com/coinscrum/events/235709468/ Want to hear more about Bitcoin and open blockchains? Follow on Twitter: @aantonop Visit my website: https://antonopoulos.com/
Views: 8448 aantonop
Loophole Allows Tax-Free Bitcoin Exchanges Into 2018
After December 31, 2017, it is clear that only real estate can be the subject of a tax-free 1031 exchange. A 1031 exchange is a swap of one like kind business or investment asset for another. The IRS treats most swaps are taxable as sales, so 1031 is an exception to the normal rule.. The IRS says cryptocurrency is property not currency. So, many investors assumed that meant you could swap them tax-free under section 1031. But whether 1031 applied to cryptocurrency until year end is debatable. Some tax advisers say no, while others yes, provided that you did it all carefully.. That ‘carefully’ part turned out to be important. Some crypto investors bought and sold without trying to improve the “exchange” optics. Whichever side of this debate you are on, the massive tax bill that was just passed limits 1031 exchanges to real estate.. Yet even that new tax law is having a curious impact among crypto investors, who want to keep debating. Sure, the law now says 1031 is only for real estate. But does that change in the law strengthen or weaken the argument that 1031 can apply to crypto deals done in say 2016 or 2017?. Some say the fact that Congress changed the law (prospectively) makes it clear that before the change in the law, crypto swaps were OK. Others say the reverse.. It is not clear what the IRS will say. What’s more, there are at least some indications that there’s a last ditch effort to do crypto deals before the end of 2017, including some that might be extended into 2018.The new law (saying 1031 is only for real estate) goes into effect for deals after December 31, 2017.. However, the law says that, “[A]n exception is provided for any exchange if the property disposed of by the taxpayer in the exchange is disposed of on or before December 31, 2017, or the property received by the taxpayer in the exchange is received on or before such date.” . What this means is that (if 1031 does apply to crypto swaps), it still does through the end of 2017. But is that enough time? For a direct two party swap, it may be. And what about extending into 2018? It might go something like this.. Suppose that you want to trade Bitcoin for Ethereum. Assume that your tax adviser is convinced that such a cross-species swap is OK under 1031, until the end of 2017. But, instead of selling your Bitcoin, say you buy the Ethereum first, though a qualified intermediary.. Once you do that, you could have up to 45 days to designate the property the intermediary will acquire for you. Then after that, you should have another 135 days (for a total of up to 180 days from your original purchase transaction) to actually have your intermediary get the other leg of the “exchange” closed.. You could call this a reverse exchange, because it involves buying before selling. Assuming that 1031 applies to a direct Bitcoin for (say) Ethereum swap, this kind of year-end reverse exchange arguably should to. Of course, you would still want to observe the formalities, actually have an inter
Views: 1315 Cryptocurrency News
2017 Cryptocurrency Taxes on GDAX & Coinbase
What I discovered about taxes for 2017 with cryptocurrency. NOT what you want to hear, but it is what it is. I may have some information wrong, but what I found is FAR from right. I will be having a LONG discussion with the IRS about this.
Views: 2261 M1dn1ght N1nj4
Bitcoin and the IRS: What Are the Tax Consequences of Bitcoin Transactions? Rob Wood Explains It
Bitcoin has become an important part of the financial world. But are there potential tax traps for American taxpayers? Tax lawyer Rob Wood explains what the IRS has said and what remains unknown in this report. For more information, go to http://www.sequencemedianews.com/legal/
Views: 748 Sequence Media News
Bitcoin / altcoin tax 101 - Capital gains and first-in first-out
NOTE: At 1:30 the formula for Capital Gains should be Fair Market Value - Cost Basis = Capital Gain/(Loss). Quick super high-level overview on how to calculate gains, the First-In First-Out method, and difference between long-term and short-term capital gains. This video is for information purposes only, please contact your CPA or tax advisor for consultation. Iota Donations: XUILNQ9UFQDISXUGNDECAPUGIVC9BXMUQVVJWPYHPHQQRYLDVZHGZPVYMVEZEBACUHPNDNPLWVRBAXKBAUPHXLUXUW Ethereum Donations: 0xcac6b1fa4d9375d6e27b4a205173ca5ecf100edb Bitcoin Donations: 3BqEuRrchgqVo5LHPLkqPAiRgZQbgQGKUj Ledger Wallet: https://www.ledgerwallet.com/r/e7b2 Trezor Wallet: https://trezor.io/?a=blockchainsensei.com Coinbase exchange: https://www.coinbase.com/?r=5192f46085e1c325b800001d
Views: 13858 TheCryptoCPA
Bitcoin taxes 2017
YOU HAVE TO PAY TAXES ON YOUR GAINS IN CRYPTO, this is a service I found that made data aggregation simple. Bitcoin.tax link: https://bitcoin.tax/r/2xW1NViap Follow me on Twitter! @realcryptotrade Website: Real-crypto.com Webinars: Real-crypto.com/webinars POWER HOUR: https://real-crypto.com/register/real-crypto-power-hour My NEW Real-Stocks channel! https://www.youtube.com/channel/UC6WXObjBitsCYQfgrEJKHhg Brave Browser! brave.com/rea498 Sign up on Binance the best exchange! https://www.binance.com/?ref=10100759 https://www.bitmex.com/register/WtaO1m Coinigy! My preferred alert platform! Link: https://www.coinigy.com/?r=6cdf267e BTC Donations: 19ocWzUYSc46hnxWbXercGwcKN9FcRi6bv ETH Donations: 0xAaC5ef4e7a9b095b879DA6D98E0a24D25D57ecE2
Views: 2788 Real-Crypto
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Views: 3009 BTCKYLE
Cointracking Tool Helps You Figure Out Bitcoin & Crypto Gains, Losses, and Tax Implications
It can be confusing trying to figure out your gains, losses, the tax implications of trading cryptocurrencies, especially if you make a lot of buys and sells across multiple exchanges and at various price points. I've seen a lot of people online wondering how to best figure out their gains and losses and overall performance, as well as how to figure out what if any taxes they owe. Some people have suggested using excel sheets, others Google Docs, but recently I stumbled upon this site called CoinTracking.Info. Unlike a lot of sites which want you to manually enter all your trades CoinTracking allows you to pull a report from almost every major exchange ie Coinbase, Bitfinex, Bittrex and over a dozen others, you can then upload it into CoinTracking and it will give you tons of charts showing gains, losses, and realized and unrealized gains and losses for tax purposes. It also has some awesome tools for tracking alt coins which can be super helpful for any of you out there who are day traders. In the video I referenced CryptoOracle and his video on swingtrading alt coins. If any of you are interested in checking out that video the link is below... https://www.youtube.com/watch?v=5C4P3AYN65E&t=2s If any of you are looking to buy your first Bitcoins I'll link to Coinbase below... http://bit.ly/2qBhjN0
Views: 8469 Rules For Rebels
Bitcoin Tax 2018 Pay Taxes on Bitcoin profits Bitcoin News Bitcoin for Cash 2018 Cryptocurrency Tax
Get Your FREE Business Credit Videos right here Now 👉 https://goo.gl/rgcKqV 👈 Learn how to buy bitcoin with your corporation. Bitcoin Tax 2018 Pay Taxes on Bitcoin profits Bitcoin News Bitcoin for Cash 2018 Cryptocurrency Tax BANKING ON BITCOIN 2018, BITCOIN 2018, BITCOIN news 2018, bitcoin taxes irs, IRS vs. Bitcoin trader Do You Have to Pay Taxes | On Bitcoin Trading? | cryptotaxprep.com Find out All that You Need to Know about Crypto Taxes this Tax Season, Visit Now Accuracy Guarantee · Expert Prepared Returns Highlights: Offers Fully-Assisted Solution, Founded In 2015, Dedicated Crypto Tax Exper Bitcoin, Taxes, and Blockchain | Will You Be Ready For Change Big Changes Are Coming To The Accounting Industry. Be Prepared With Our Ebook! Better Your Practice · Save Time and Money · Best Industry Practices · Free Ebook Download Highlights: Saves Time, Saves Money New investors discovering they have hefty tax bills to pay may be contributing to bitcoin's fall Some first-time investors are waking up to the fact that they owe capital gains on 2017's cryptocurrency trading profits and are selling the digital currency ahead of tax season. "People had huge gains last year, and they don't have enough in crypto to pay those," says Cathie Wood, CEO & CIO at ARK Invest. The digital currency rose 1,289 percent last year after starting below $1,000, according to CoinDesk. "The amount of capital gains from just U.S. investors in the rise of crypto pays for the damn wall," says Bradley Rotter, vice chairman of Rivetz. The Cabinet of Thailand, the executive branch of the country's government, has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states. The drafts - covering both cryptocurrency and initial coin offering transactions, as well as a possible tax on crypto capital gains - first received agreement from government ministers on Tuesday. Before becoming law, the legislation must be further reviewed by the Council of State, an advisory body reporting to Thailand's prime minister on legislative matters, before being re-submitted to the cabinet New bitcoin investors have been enjoying the profits they’ve made on their crypto assets. Yet, it seems they may have forgotten one small issue: paying their tax. According to a report from CNBC, first-time investors are quickly waking up to the fact that they have to pay taxes on their trading profits, ahead of the looming April tax deadline. As a result, many are selling their coins, which may also be impacting its market price. bitcoin tax - tax bitcoin tax software: . let's talk about bitcoin taxes and coinbase - tax software for bitcoin. Unfortunately, the IRS has provided very little guidance with regard to bitcoin taxation Check here for Indian Bitcoin Mining Legal Companies, Bitcoin Income Tax India, Bitcoin India Legal, 1 bitcoin per day, bitcoin price live inr chart How to Calculate Bitcoin Taxes (links below) Now that the IRS has "partially won" the Coinbase case In order to learn how to pay bitcoin taxes, you need to start by keeping track of all your purchases online using bitcoins The Ten Commandments of Crypto taxes Anyone who sells a capital asset should know that capital gains tax may apply BitcoinTaxes :: Calculate Bitcoin Taxes for Capital Gains and Income Calculate Bitcoin taxes of capital gains and income for Bitcoin, Ethererum, and other alt-coins from trading, spending, donations / tipping and mining. Everything you need to know about bitcoin and your taxes - CNBC.com It looks like 2018 will be a landmark year when it comes to the IRS and taxing cryptocurrency gains. The IRS treats cryptocurrency as property, so there are capital gain implications. ... Almost every bitcoin or other "altcoin" transaction — mining, spending, trading, exchanging, air How to know whether you owe taxes on bitcoin - CNBC.com If you're confused whether or not you owe taxes on an investment in bitcoin, certified public accountant Ryan Losi explains what the rules mean. bitcoin's fall may be due to tax selling - CNBC.com Some first-time investors are waking up to a looming April tax date, which some experts say may be contributing to the currency's sell-off in March Warning, crypto investors: You must pay taxes on your bitcoin Each sale or purchase technically constitutes two transactions: (1) selling property (bitcoin) and (2) using the proceeds of that bitcoin sale to buy a product. So the person who bought a $1 million home using cryptocurrency Ethereum, for example, would have to pay capital-gains tax on the transaction How to file your income taxes on bitcoin in 2018 - The Verge It's been a turbulent year for bitcoin, and now it's time to talk about taxes. Nearly everyone who held on to bitcoin over the past year made money off of it, and as Americans prepare for income tax season, the IRS wants its cut of the profits. Tax Tips for Bitcoin and Virtual Currency - TurboTax Tax Tips & Videos
Bitcoin taxes and Bitcoin investing explained
In today's video, I answer Meda Raghavendra's question on Bitcoin Taxes and Bitcoin Investing. In the comments let me know how you liked the video and if you want me to do a video on anything specific. Share the video with your friends that are crypto curious and be safe, have fun and GOD Bless! Video Links: http://www.nasdaq.com/article/a-guide-to-incremental-investing-cm243566 http://www.nasdaq.com/article/a-guide-to-incremental-investing-cm243566 https://www.cryptosomniac.com/taxes/ http://bitcoinlawhub.com/ https://cointracking.info/ https://steemit.com/crypto/@lukestokes/the-cryptocurrency-bank-spreadsheet https://news.bitcoin.com/coinbase-sends-american-clients-irs-tax-form-1099-k/ What is Bitcoin: https://www.investopedia.com/tech/wha... https://bitcoin.org/en/ https://www.coindesk.com/information/... https://www.youtube.com/watch?v=hYip_... Exchanges: https://www.binance.com/?ref=11210976 https://www.coinbase.com/join/5937d8b... https://www.coinmama.com/?ref=cryptob... https://paxful.com/roots/buy-bitcoin/... https://www.kucoin.com/#/?r=E5HdcP https://www.cryptopia.co.nz/Register?... https://www.gdax.com https://etherdelta.com/ Wallets: Trezor Wallet: https://trezor.io/ Ledger Wallet: https://www.ledgerwallet.com/r/c768 Paper wallet: https://www.bitaddress.org MyEtherWallet https://www.myetherwallet.com/ ICO Example: https://tokensale.lalaworld.io/regist... ICO Tracker: https://icotracker.net/ Crypto Project: https://cardanofoundation.org/ Chart Software: https://www.coinigy.com https://www.tradingview.com/ Track Coin Prices: https://www.livecoinwatch.com/ https://www.coingecko.com/en https://coinmarketcap.com/ Smartphone Coin Apps: CRYPTO PRO-https://itunes.apple.com/us/app/crypt... COINCAP-https://itunes.apple.com/us/app/coinc... Blockfolio- https://www.blockfolio.com Events-Conferences: https://www.nac3.io Youtube Personalities: David Hay-https://www.youtube.com/channel/UCw6f... Cryptosomniac-https://www.youtube.com/channel/UCRQk... Alt Coin Buzz- https://www.youtube.com/channel/UCGyq... Box Mining- https://www.youtube.com/channel/UCxOD... Doug Polk-https://www.youtube.com/channel/UC4sS... Data Dash- https://www.youtube.com/channel/UCCat... CryptoBud- https://www.youtube.com/channel/UCAEk... Crypto Bobby- https://www.youtube.com/channel/UCt_o... Jsnip4-https://www.youtube.com/channel/UCx40... My Social Media: Linkedin-https://www.linkedin.com/in/robertbea... Twitter-https://twitter.com/RobertBeadles Instagram-https://www.instagram.com/robertbeadles Facebook-https://www.facebook.com/robert.beadles GAB- https://gab.ai/RobertBeadles Steemit https://steemit.com/@cryptobeadles *Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. You may also receive a free bonus of coins etc by using the link as well. I only recommend companies and products I personally use, and any commissions help to pay for content creation. ** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.** ***Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. ****ALWAYS check with professional tax service providers and legal professionals before you buy, sell or trade cryptos! Thanks for watching, God Bless and have an awesome one!
Views: 10881 Crypto Beadles
IRS Rules Bitcoin is Property and Subject to Capital Gains Tax
The Internal Revenue Service has determined that bitcoin will be treated as property, not currency. In its first big ruling on the virtual currency on Tuesday, the IRS said that bitcoin does not have "legal tender status." As a result of bitcoin being regarded as property, it can be treated as capital assets, governed by the same rules as stocks and bonds. In addition, the IRS said that people who receive wages in bitcoins would also be subject to federal income and payroll taxes. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
In this video, I talk about coinbase taxes, bitcoin taxes and cryptocurrency taxes in general! Subscribe to Brandon Young- https://goo.gl/Wd56du irs pdf file - https://www.irs.gov/pub/irs-drop/n-14-21.pdf Join My Bitconnect Squad here: https://bitconnect.co/?ref=brandonyoung1 Join Coinbase Here: https://www.coinbase.com/join/59e57c5376bd4b0365ccf34c HIRE ME FOR YOUR BUSINESS: http://www.brandonmaymediaservices.com/ MY FILMING SETUP Canon T5i- http://amzn.to/21XRlx7 Lighting - http://amzn.to/2rd0NjN These are affiliate links. So I will get a small commission if you press them :). All Business Inquires and Collaboration : Send an email to Contact: yearofthegentlemen20@gmail.com SOCIAL MEDIA TWITTER: http://twitter.com/YrofGentlemen Instagram: http://instagram.com/_b_young23 Facebook: https://www.facebook.com/Brandon Young SNAPCHAT: young_lyfestyle LINKS TO MY WEBSITE: http://brandonmaymediaservices.com GO READ MY BLOGS! MAKE SURE TO LEAVE A LIKE  DISCLAIMER: ALL OF MY VIDEOS ARE BASED SOLELY UPON MY OWN EXPERIENCES AND OPINIONS. I AM NOT HERE TO OFFEND ANYONE. JUST TALKING STRAIGHT FACTS!
Views: 268 Brandon Young
Will Coinbase Report My Bitcoin Tax Gains To The IRS? 📈
💰Every 500 subscribers I will give away $50 worth of Bitcoin/Litecoin to two subscribers who like and comment on my latest Giveaway video (pinned on my home page) with something funny and their Bitcoin address! I will make a video of myself choosing the winners through a random comment generator. I will also show myself transferring the coins to their address. I will continue to do these giveaways and provide the best quality content I can :) Sign up for an account on Bitmex! 👉https://bitmex.com/register/MKlzZp Follow Me On Twitter! 👉https://www.twitter.com/thecryptodata Sign up for an account on Binance Exchange! 👉https://www.binance.com/?ref=10182812 Genesis Mining 👉Use code "jVwPR8" and get 3% off every purchase on Genesis Mining! https://www.genesis-mining.com Patreon Channel Link! Donations aren't required but always appreciated :) https://www.patreon.com/cryptodata === Website & Contact Info === Follow Me On Steemit https://steemit.com/@cryptodata Twitter https://www.twitter.com/TheCryptoData Instagram https://www.instagram.com/TheCryptoData === Coinbase === Get $10 worth of Bitcoin when you set up your coinbase wallet and buy $100 worth of Bitcoin using my link! https://www.coinbase.com/join/592c702... === Donations Accepted === ✯ Donate BTC-Bitcoin ► 1LtsvX2RFLcgEqabjG8ow1CbxJau8g1YWs ✯ Donate ETH-Ether ► 0xdCb3298E990EB1a47f28c793437526259fD89D72 ✯ Donate LTE-Litecoin ► LcndDQK8Zm3CXuQKR4Kb56peczD8j1rC3t ================Disclaimer================ I am not a financial advisor. This is not financial advice.
Views: 131 CryptoData
The Bitcoin Income Tax Effect
This income tax season will be the gas on the cryptocurrency fire. Funny how the IRS is about to be the best player on our team... Thanks for the Fiat "AIRDROP" gonna trade this premined shit coin for some BITCOIN!!!
Views: 1404 Kenn Bosak
Coinbase Sends American Clients IRS Tax Form 1099-K - Bitcoin News
Coinbase Sends American Clients IRS Tax Form 1099-K - Bitcoin News Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[14] Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. ► SUBSCRIBE FOR MORE VIDEOS: https://goo.gl/NYaHq2 ► Bitcoin News -Alt Coin news - coin telegraph - coindesk - coin market cap https://goo.gl/45UVFu ★★★ Thanks for watching! Please leave a like if you enjoyed and tell me what you think in the comments! Thanks ★★★
Views: 73 CoinKorea