Sign up to save your podcasts
Or
Share IRS Staking Tax Ruling EXPLAINED β Should You Fight Back on Staking Taxes?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
IRS Staking Tax Ruling EXPLAINED β Should You Fight Back on Staking Taxes?
Should your staking rewards be taxed as income? The IRS thinks so. But is that really fair? π€In this video, we break down IRS Revenue Ruling 2023-14 and what it means for your staking rewards. Weβll also explore the legal battle led by Joshua Jarrett and the Proof of Stake Alliance, arguing that staking rewards should be taxed only when sold, not when earned.π₯ Key takeaways:β
What the IRS ruling actually saysβ
The BIG court case challenging IRS policyβ
The "bread baker" analogyβdoes it hold up?β
Constructive receipt: What it REALLY means for staking rewardsβ
How to legally challenge IRS guidance on your tax returnMake sure youβre not overpaying! If you need help handling crypto taxes the right way, schedule a call with us today at CryptoTaxAudit.com.π¬ Let us know in the commentsβdo you think staking rewards should be taxed immediately or only when sold?π Subscribe for more crypto tax insights and updates! At CryptoTaxAudit, we file, calculate, and defend our members in crypto auditsβand weβve won multiple cases in the U.S. Tax Court. The IRS's aggressive move raises serious questions about fairness in crypto taxation.π Get Ready for Taxes:βπ» Sign up for our 2024 Tax Prep Waiting List today π https://www.cryptotaxaudit.com/tax-prep-waiting-list?afmc=ytVisit π https://www.cryptotaxaudit.com/1099?afmc=yt to organize your records and Safe Harbor plan.π¬ Connect with Us:Have questions about explorers or crypto taxes? π https://www.cryptotaxaudit.com?afmc=ytπ Need Help?Schedule a consultation today π https://www.cryptotaxaudit.com/crypto-tax-consultation?afmc=yt
β¬β¬β¬β¬β¬ SPONSOR β¬β¬β¬β¬β¬π Sponsor: CryptoTaxAuditCryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become an IRS Guard Dog member today and take control of your financial future! Visit CryptoTaxAudit.com today. Visit π https://www.cryptotaxaudit.com/?afmc=ytβ¬β¬β¬β¬β¬ NOTICE β¬β¬β¬β¬β¬β οΈ πππͺππ₯π π’π π¦πππ π ππ₯π¦ ππ‘ π’π¨π₯ ππ’π π ππ‘π§π¦ ππ‘π ππ’π π π¨π‘ππ§π¬ ππππ‘π‘πππ¦We will never ask you for your personal information on social media. Beware of people masquerading as our host, guests, or sponsor company.π DisclaimerThe content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.
View all episodes
By Clinton DonnellyShould your staking rewards be taxed as income? The IRS thinks so. But is that really fair? π€In this video, we break down IRS Revenue Ruling 2023-14 and what it means for your staking rewards. Weβll also explore the legal battle led by Joshua Jarrett and the Proof of Stake Alliance, arguing that staking rewards should be taxed only when sold, not when earned.π₯ Key takeaways:β
What the IRS ruling actually saysβ
The BIG court case challenging IRS policyβ
The "bread baker" analogyβdoes it hold up?β
Constructive receipt: What it REALLY means for staking rewardsβ
How to legally challenge IRS guidance on your tax returnMake sure youβre not overpaying! If you need help handling crypto taxes the right way, schedule a call with us today at CryptoTaxAudit.com.π¬ Let us know in the commentsβdo you think staking rewards should be taxed immediately or only when sold?π Subscribe for more crypto tax insights and updates! At CryptoTaxAudit, we file, calculate, and defend our members in crypto auditsβand weβve won multiple cases in the U.S. Tax Court. The IRS's aggressive move raises serious questions about fairness in crypto taxation.π Get Ready for Taxes:βπ» Sign up for our 2024 Tax Prep Waiting List today π https://www.cryptotaxaudit.com/tax-prep-waiting-list?afmc=ytVisit π https://www.cryptotaxaudit.com/1099?afmc=yt to organize your records and Safe Harbor plan.π¬ Connect with Us:Have questions about explorers or crypto taxes? π https://www.cryptotaxaudit.com?afmc=ytπ Need Help?Schedule a consultation today π https://www.cryptotaxaudit.com/crypto-tax-consultation?afmc=yt
β¬β¬β¬β¬β¬ SPONSOR β¬β¬β¬β¬β¬π Sponsor: CryptoTaxAuditCryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become an IRS Guard Dog member today and take control of your financial future! Visit CryptoTaxAudit.com today. Visit π https://www.cryptotaxaudit.com/?afmc=ytβ¬β¬β¬β¬β¬ NOTICE β¬β¬β¬β¬β¬β οΈ πππͺππ₯π π’π π¦πππ π ππ₯π¦ ππ‘ π’π¨π₯ ππ’π π ππ‘π§π¦ ππ‘π ππ’π π π¨π‘ππ§π¬ ππππ‘π‘πππ¦We will never ask you for your personal information on social media. Beware of people masquerading as our host, guests, or sponsor company.π DisclaimerThe content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.