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The IRS recently announced a significant shift for cryptocurrency reporting, impacting those who rely on digital assets. Until now, taxpayers could use “universal wallet” accounting, treating all crypto holdings as
As digital assets like cryptocurrencies and NFTs continue to gain mainstream traction, it’s critical for business owners to understand how the IRS views and taxes these assets. Digital assets, including
In the world of cybercrime, accounting, and law enforcement, one man is bridging these worlds to combat financial crimes that harm individuals and threaten national security. Jarod Koopman, a black-belt
As a business owner delving into the world of cryptocurrency, it’s essential to understand how your choice of accounting method can significantly impact your tax liabilities. The way you calculate
Tax Implications of Cryptocurrency in Texas,Cryptocurrency Taxes
As the popularity of cryptocurrency continues to soar, it’s essential to understand how the IRS treats these digital assets for tax purposes. Despite its name, the tax code views cryptocurrency
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