Skip to content

Books

Reasonable Basis

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

Twitter Feed

TheAccountant- James Yochum, CPAFollow

TheAccountant- James Yochum, CPA @JTheAccountant·

#Songbird the Canary in the coal mine for #FlareNetworks.

This article states #XRP holders are getting a #Songbird airdrop before #Spark #FLR AND it will have similar network operability as flare allowing users to “beta test” the network.

Know what I think?

👇👇👇👇

Reply on Twitter 1417871243018215432 Retweet on Twitter 14178712430182154321 Like on Twitter 14178712430182154328 Twitter 1417871243018215432

Retweet on Twitter TheAccountant- James Yochum, CPA Retweeted

TheAccountant- James Yochum, CPA @JTheAccountant·

@DonnieSEvans @CryptoTaxFixer These risks of taking such a position need to be outlined to you as a client. That taking these positions do not have a reasonable basis and you’ll likely be penalized.

If it does have a reasonable basis on a standing court case/ current case law then that’s grounds for 8275.

Reply on Twitter 1410680578232492034 Retweet on Twitter 14106805782324920341 Like on Twitter 14106805782324920342 Twitter 1410680578232492034

Retweet on Twitter TheAccountant- James Yochum, CPA Retweeted

TheAccountant- James Yochum, CPA @JTheAccountant·

My professional opinion differs greatly from @CryptoTaxFixer who is publishing a "Tax Strategy" under tax code section 6039F, due to a clause that forces reporting compliance to the entity IRS has jurisdiction over.

Taxability isn't based on your "feelings", here's why 👇👇👇

Reply on Twitter 1410022424729559043 Retweet on Twitter 14100224247295590431 Like on Twitter 14100224247295590431 Twitter 1410022424729559043

TheAccountant- James Yochum, CPA @JTheAccountant·

🤦‍♂️

Jeff Stein@JStein_WaPo

NEW: IRS massive 35 million backlog in unprocessed tax returns -- up from just 7 million 2 years ago.

Millions of Americans can't get refunds/other credits.

Calls to IRS skyrocket by close to ~300%. Only 3% to 1040 help line reached an IRS rep

https://www.washingtonpost.com/us-policy/2021/06/30/irs-backlog-returns-taxpayers/

Reply on Twitter 1410306165339197444 Retweet on Twitter 14103061653391974441 Like on Twitter 14103061653391974447 Twitter 1410306165339197444

TheAccountant- James Yochum, CPA @JTheAccountant·

A Revenue Ruling (2019-24) and supreme court cases determining taxability of income & gifts is now #XRP #FLR FUD.

If that's the case we have to change the FUD acronym to:
Facts. Undoubtedly. Denied.

Two cases that dictate #Airdrops are taxable, and

🔔🔔🔔🔔NOT (foreign) GIFTS https://twitter.com/sentosumosaba/status/1404352674615549960

Reply on Twitter 1410022421248282631 Retweet on Twitter 1410022421248282631 Like on Twitter 14100224212482826317 Twitter 1410022421248282631

Recent Posts

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?

2021 © The Accountant