Almost everyone agrees that the Square Cash app has made sending and receiving money easy. The problem is that a few other things have been made easier with the Cash app. And filing...
Taxes are one of the only certainties in life, and cryptocurrencies are no exception.Yes, your Bitcoin is taxable. The IRS treats ownership of cryptocurrencies as "property"...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/06/2021
You may have already heard about bitcoin before due to the attention the world has given to cryptocurrencies and digital transactions. But what is Bitcoin? How does it relate to how...
Posted by Karen Munoz, EA on 10/09/2021
There are currently over 1,600 different cryptocurrencies in the world. However, Bitcoin is the most popular cryptocurrency at the moment, with approximately 32 million Bitcoin wallets...
Posted by Elliot Kravitz, ATP on 06/18/2021
It all started as a funny idea that hit us like a fly on a hot summer day. In recent years, the fly has continued to buzz louder and louder and doesn't go away. The billionaires...
Posted by Flynn Financial Group Inc on 06/11/2021
Does the IRS take a large chunk of your cryptocurrency income? Maybe you traded one cryptocurrency for another at the right time and withdrew a lot of it in dollars, and now you have...
Posted by CORE PERFORMANCE on 05/29/2021
Your taxes this year may be dominated by a clear question: "At any point in 2020, did you sell, receive, send, trade, or earned financial interest in any virtual currency?"In...
What is considered a convertible virtual currency?Convertible virtual currency is an uncontrolled digital currency. Still, it can be used as a substitute for a real and legally recognized...
A cryptocurrency wave has led to the rise of Bitcoin to over $30,000 per coin, with everyone scrambling for their share of the digital currency. However, if you are interested in cryptocurrencies,...