Badass CPA Firm, Empowering Taxpayers, Crypto Tax Specialists, Taking The Fear Out Of Taxes
Joined October 2020
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Alex Wild, CPA retweeted
Guys let’s support this WINTIES!🔥
Join TG ➡️ winties.org/chat
And follow them
@winties_sol
Ca: 68mCNZDKLjqmaA1wAQq9eLz9nLPcpRnZJfhJteFKBGhc
nitter.gq/winties_sol
Alex Wild, CPA retweeted
Me: "Anything else change with your tax situation this year?"
TP: "Yeah, I started an S-corp last year."
That sure as shit would've been good to know like YESTERDAY. #TaxTwitter
And then hear back in 2035. 🙃
Watch this #IRS video for five things you need to know about amending a tax return: youtu.be/32dic7uIEAY.
If you are unclear on the impact of your taxes for crypto you NEED TO TALK TO A CPA for tax planning.
Reconcile your crypto. Have a year end meeting. Follow the plan that you and your CPA agree on to reduce.
If you get this scheduled now, you have time to make an impact.
Keep an eye out for exchanges that are reporting to the IRS. They will send you a 1099B statement. Robinhood, Coinbase, Bittrex, Cash App, BlockFi, Uphold, etc. This will have the capital gains and losses report.
That means the IRS already knows what you should be reporting.
You are picking up income on trades and swaps and rewards no matter if you pull the cash out in USD or not! You need a CRYPTO CPA!
Just assume everything you do is taxable, talk to a Crypto CPA!
