KTT Global Advisors

Tax

How Do I Report Gambling Winnings for a Group of Individuals?

As a tax professional, sometimes you get those questions that are small enough that you don’t want to bother charging anything for the reply, but are time-consuming enough that you want a reward greater than good vibes from your client. The answer? Write a blog post and use it for marketing. Situation: Client and 4 …

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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 …

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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 …

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