The Accountant - Taxes and Accounting Explained

The Chia Network- How to build a computer to Farm (“mine”) $XCH (Chia) FAST! AND earn $4k-$8k/month in income?

IRS TAX HELP and TAX RELIEF for BITCOIN & CRYPTOCURRENCY AIRDROPS –YOU NEED a CPA or Tax Attorney!

RIPPLE XRP AIRDROP TAXED? What is Flare Network (FLR), Flare Finance (DFLR) PASSIVE INCOME FOR LIFE?

Will There Be a Second Stimulus Check in December? A package Pelosi and McConnell finally AGREE ON?

BITCOIN DIGITAL GOLD! US TREASURY, EU COMMISSION, OECD BAN BITCOIN?, RIPPLE XRP REPLACES SWIFT BANK?

US TREASURY SAYS BITCOIN/XRP=CURRENCY, BANS SELF HOSTED WALLETS, and INCREASES CRYPTO TAXES?

2021- Social Security Changes Tax Increase of 3.7% and 1.3% Benefit Increase.

No Second Stimulus Check for 2020 Trump Shuts Down Talks

Welcome to The Accountant.Tax!

TheAccountant- James Yochum, CPAFollow

TheAccountant- James Yochum, CPA @JTheAccountant·

18 Jun

Revenue Ruling 2019-24, has given guidance on how to treat an airdrop, tax it.

Just because the guidance is in response to a question regarding an airdrop from a hard fork, doesn't mean the guidance presented doesn't apply to an airdrop by itself. It's clearly separated.

Digital Asset Investor 100% Upfront-Everybody Wins@digitalassetbuy

This has been my point all along.

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TheAccountant- James Yochum, CPA @JTheAccountant·

18 Jun

#IRS Tax Memo Released Today-

It states §1031 Exchanges occurring prior to Jan 1st, 2018, between #BTC, #ETH, and #LTC are not valid exchanges.

Not a surprising stance. Those preparers who pushed these strategies may soon find clients very unhappy.

https://www.irs.gov/pub/irs-wd/202124008.pdf?fbclid=IwAR26GMyOuG-14oaqs9szUnAfb-Yc019q37PNgR2foh6XcPdHHYvL1JlyY1Y

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TheAccountant- James Yochum, CPA @JTheAccountant·

20 May

U.S. Treasury calls for crypto transfers over $10,000 to be reported to IRS

""The Treasury said that comprehensive reporting is necessary “to minimize the incentives and opportunity to shift income out of the new information reporting regime.”

https://www.bloomberg.com/news/articles/2021-05-20/treasury-calls-for-crypto-transfers-over-10-000-reported-to-irs

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TheAccountant- James Yochum, CPA @JTheAccountant·

20 May

#cryptocrash2021 is why I post things like this below

We’ve had an insane bull run, ultimately ended by a single tweet of influence from @elonmusk and new data submitted to NYAG #USDT is actually not 100% USD backed, but only 3% backed

Build a house of cards,it will fall
👇👇👇

TheAccountant- James Yochum, CPA@JTheAccountant

💯To put things into perspecitve for people in 2017 there was a US census net worth study put out that basically stated 70% of people under age 55 had a zero or negative net worth.

If you've got a positive net worth now, take some chips off the highly volatile table. https://twitter.com/JoelKatz/status/1382064991747014656

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Gene Hoffman@hoffmang·

16 May

The @chia_project blockchain was already the most decentralized blockchain ever by node count. It is, as of moments ago, also the largest storage related chain ever. @filecoin 5.335 EiB @chia_project 5.378 EiB

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