Cryptocurrencies like Bitcoin, Ethereum, and others have become increasingly popular investments in recent years. As with any investment, it is important to understand the tax implications...
Posted by Rosovich & Associates, Inc. on 06/09/2023
Many cryptocurrencies like Bitcoin and Ethereum rise and fall, raising tons of tax questions. The Internal Revenue Service (IRS) is implementing many laws for those holding cryptos,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/25/2023
It's quite simple: to pay your tax bill, you need to know the number of your accumulated gains or losses. Below, we'll explain how to calculate your cryptocurrency gains, so...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/31/2022
Uniswap was one of the first and most popular decentralized exchanges launched on the Ethereum network and quickly became a favorite, inspiring a variety of other competitors. Now...
Posted by Taxes Made EZ Inc on 05/10/2022
For everyone who has recently monitored the tech news, you would have noticed the frequent mention of NFTs alongside Bitcoin and blockchain. This has attracted many artists and artisans...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/24/2021
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
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 direct interaction between two individuals and dissipated cryptocurrency trade which enables a person to trade ERC 20 tokens is termed Uniswap. It’s not the same as Coinbase...