Cryptocurrency

bitcoin shown on a mobile tablet and a graph behind showing growth
Tax blog
iFind Taxpro

Investing in Crypto

Navigating the Volatile World of Cryptocurrency Investments: Risks, Rewards, and Portfolio Allocation Strategies The cryptocurrency space is trendy with investors but also a dynamic and volatile place to play. This guide examines the main factors that one must consider before

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Tax blog
iFind Taxpro

How Tax Professionals Support Cryptocurrency Trading Platforms

Navigating Tax Implications: Maximizing Compliance and Efficiency in the Evolving Crypto Landscape Cryptocurrency trading platforms are of great importance in the digital economy by providing global exchange services for virtual currencies and tokens. Nevertheless, the complicated tax implications of crypto

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cryptocurrency tax calculation using a calculator
Tax blog
iFind Taxpro

Crypto Received from Abroad? Don’t Ignore 8300 Reporting (Yet)

Forbes Misinterpreted, Precipitating Events Trigger US Reporting for Now Alert: Virtual currency/crypto/digital assets received in the trade or business from a foreign party are still subject to 8300 reporting.  A recent Forbes article Demystifying The $10,000 Crypto Reporting Payment Requirement

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cryptocurrency transactions and payments online on a phone
Tax blog
iFind Taxpro

IRS Updates Form 8300: Navigating Cryptocurrency Payments

Cryptocurrency Transactions, Reporting Guidelines, and Compliance Measures for Businesses If you receive cryptocurrency as a payment, you need to know about the new filing requirement.  In general, any business that receives cash (either US dollars or any foreign currency), coins,

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Tax Tips For Your Crypto
Tax blog
Team iFindTaxPro

Tax Tips For Your Crypto

For tax preparers attempting to take into account all the variables, crypto volatility can be a pain. However, cryptocurrency owners can make their accountants’ lives easier by adopting a few best practices. Maintain meticulous records of all your transactions. You

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