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7 Crypto Tax Mistakes Most Accountants Miss That Will Eat Up Your Profits!
Being the emerging market that it is, the tax issues affecting cryptocurrencies are constantly changing.
Most CPAs are pretty old school and have no concept of how blockchain works – and that’s assuming they even understand what it is! And because of that, a lot of money ends up being left on the table. Here are seven of the most common mistakes and misconceptions people have when it comes to crypto and taxes.
Hi! I’m Micah and I am a CPA and cryptocurrency tax expert. Blockchain is an emerging market and moves at lightning speed. Because of this, very few people – including most CPAs – understand how it is taxed. But I LOVE crypto and am involved in it daily – both as an investor and an accountant. We can help you to understand how crypto is taxed. And more importantly, we’ll help you reduce the taxes you’ll pay on your income.
We focus on tax planning and preparation for cryptocurrency investors, online businesses, and other growth-centric businesses. If you have a dynamic and rapidly changing situation, that’s what we love and what we’re here for.
Rules for cryptocurrency and other digital assets are rapidly changing and confusing. And as such end up being a big source of stress for many investors. They do not understand the rules surrounding crypto taxation. And what they do learn may be outdated within a few months.
And worst yet, not understanding those rules can get you in major trouble with the IRS and cost you A LOT of money
We’re here to take the stress out of your taxes and finances and in doing so MAKE YOU MORE MONEY!
