Presentation on Accounting and Tax for Crypto Businesses – Jan 21, 2020
Link to the presentation I made to the Digital Assets Committee of the New York State Society of CPAs on January 21, 2020.
Crypto
Blockchain CFO and KTT Global Advisors Join Forces
UPPER MONTCLAIR, NJ – Last night, over a glass of Maker’s 46, the Blockchain CFO (www.blockchaincfo.io) agreed to merge content with KTT Global Advisors, LLC (www.kttglobal.com). Future Blockchain CFO blog posts can be found at kttglobal.com/blog. “I’m excited to move to a platform with the global reach of KTT Global”, said Bryant Tolles, aka the …
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Blockchain CFO Returns to the Crypto Tax Panel Circuit
See you this Wednesday, March 6! https://www.eventbrite.com/e/cryptocurrency-and-taxes-learn-what-the-irs-says-for-2018-19-tickets-54660389697
“Harvesting” Losses – Tax Lessons for Crypto Traders
Well, it’s been a pretty rough past year in the crypto markets. From a high of $19.5K on December 16, 2017, Bitcoin has fallen 78% to its current price of $4.3K as of this post. Ether has collapsed from $1,400 on Jan 13 of this year to $123 on Nov 24. Most altcoins have fared …
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Can I Return Crypto I Received as Compensation and Not Get Taxed?
2017 and 2018 were bookends, from a tax perspective, to a pretty interesting time in the crypto markets. Towards the end of 2017 we saw a massive increase in prices of Bitcoin and altcoins, and a frenzy of buying and selling activity. ICO volume peaked in December 2017, with monthly funds raised topping out in …
Can I Return Crypto I Received as Compensation and Not Get Taxed? Read More »
Crypto Tax Time is Coming – Be Prepared!!!
Yes, it’s true. Tax time is right around the corner. And for those of you who own cryptocurrency coins/tokens, it’s extra-special. That’s because investing in cryptocurrency is a recent phenomenon – fewer than 10 years old – and presents some interesting tax issues. This post will give an overview of crypto taxation, and then help …
Corporate Accounting and Tax for ICO Proceeds
Despite the tanking of the crypto market this year and the uncertain regulatory environment in the USA, companies are still looking to token sales, or “initial coin offerings” (ICOs), as a way of raising funds. One of the key considerations is the taxation of ICO proceeds, and the subsequent accounting. The Blockchain CFO is here …
Brief Medium Article on ICO Regulation
I wrote a brief article to discuss the current regulatory status of ICOs and how a project that I am working with, Leios, is approaching regulation.
Survey of Crypto Taxation in Select Countries
Recently I’ve become involved with a blockchain company that is heading towards an ICO. The name is still private, but when it is announced I will announce it here. In my capacity as “advisory CFO” I’ve had to consider the tax implications of a token issuance, and have had the good fortune to be able …
Blockchain CFO Signs Agreement to be Advisory CFO to Blockchain Company; Can No Longer Claim Not to be a Blockchain CFO
It lasted all of a day… wait, I’m back!