Explore the complexities of crypto income and taxes in this comprehensive blog post. Learn how different types of crypto income, from capital gains to mining, impact your tax liability. Discover valuable insights on reporting expenses and optimizing your tax strategy. Stay informed and make the most of your cryptocurrency investments. (This post is from our series of Facebook Lives. Catch the … [Read more...]
Crypto Tax Alert: The Celsius Dilemma and Its Impact on Your Financial Strategy
Explore the tax consequences of investing in Celsius and learn why reporting your crypto earnings is crucial. Discover strategies to optimize your holdings and stay compliant. Introduction Hello, dear readers! This is Jessica from Beta Virtual Assistance, and today I want to delve into a topic that's been making waves in the cryptocurrency community – the Celsius situation. If you're a … [Read more...]
Ep. 012: Crypto Tax Alert: The Celsius Dilemma and Its Impact on Your Financial Strategy
In this podcast episode, Jessica from Beta Virtual Assistance discusses the intriguing Celsius situation, focusing on its implications for crypto investors and their taxes. She sheds light on the recent developments, the importance of reporting crypto transactions, and the potential consequences for those who haven't been diligent. Jessica also explores the distinction between centralized and … [Read more...]
Crypto Tax Extension Season: Your Comprehensive Guide to Avoiding Penalties and Maximizing Returns
In this blog post, we'll cover everything you need to know about the tax consequences of your crypto investments, from reporting to penalties and more. Let's get started! Introduction: Hey there, crypto enthusiasts! It's tax season for USA investors, and that means it's time to dive into the world of cryptocurrency taxes. I'm Jessica from Beta Virtual Assistance, and I'm here to help you … [Read more...]
Ep. 011: Crypto Tax Extension Season: Your Comprehensive Guide to Avoiding Penalties and Maximizing Returns
In this video, we break down the complexities of cryptocurrency taxes for USA investors especially when it is time for the tax extensions to be due. Jessica from Beta Virtual Assistance provides a comprehensive overview, covering crucial topics like reporting crypto transactions, penalties for late filing and payment, the importance of reporting losses, estimated taxes, and more. If you want to … [Read more...]
Ep. 010: Defi: The Double-Edged Sword of Crypto Investing – How to Stay Sharp
Join us in this podcast episode where we delve into the world of Defi (Decentralized Finance) protocols. Discover what some common Defi protocols are, their potential rewards, and the critical risks you need to be aware of. We also touch on the complex topic of tax implications when investing in these protocols. Stay informed, stay safe, and learn how to navigate this fascinating but challenging … [Read more...]
Defi: The Double-Edged Sword of Crypto Investing – How to Stay Sharp
Good morning, crypto enthusiasts! It's Saturday morning, and we're here for our weekly strategy session. Today, we're diving deep into Defi (Decentralized Finance) protocols. What are they, what are they good for, and most importantly, how can you navigate the risks associated with them? As we explore this fascinating world, we'll also touch on the tax implications of investing in these protocols. … [Read more...]
Ep. 009: Crypto Tax Adventures: Real-Life Stories of Managing Cryptocurrency Taxes
In this podcast episode, join Jessica from Beta Virtual Assistance as she delves into the world of cryptocurrency taxes. Discover the significance of importing all your crypto transactions into your tax software, even the smallest ones, to establish accurate cost bases. Jessica shares real-life challenges and solutions, from missing data to provider changes, offering valuable insights into … [Read more...]
Crypto Tax Adventures: Real-Life Stories of Managing Cryptocurrency Taxes
Welcome back to our regular Thursday Tax Tips session, where we dive into the world of cryptocurrency and its tax implications. Today, we'll discuss the importance of importing all your cryptocurrency transactions into your tax software, share some real-world experiences, and shed light on why it's crucial to keep a close eye on your crypto activities for tax purposes. (This post is from our … [Read more...]
Simplifying Crypto Tax Reporting: What Info Your Accountant Really Needs
Welcome to our latest crypto tax discussion. Today, I'm stepping out into the beautiful Nebraska sun to shed some light on a critical aspect of cryptocurrency taxes: what you need to provide your accountant or tax preparer when you're not going the DIY route or using TurboTax. Let's dive into the details. (This post is from our series of Facebook Lives. Catch the next one on our Facebook … [Read more...]