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Connie Gallippi is the Founder and Executive Director at BitGive, the first Bitcoin non-profit organization recognized by the U.S. Government. Connie joins The BitcoinTaxes Podcast to discuss how blockchain technology is perfect for the non-profit sector. We discuss the benefits of utilizing the blockchain and cryptocurrency for social good, in addition to the added perk of being able to offset crypto capital gains to save you some money come tax time.
The IRS has recently released new tax guidance for cryptocurrency trading – the first official guidance released in over 5 years, since March 2014. Tyson Cross, a tax attorney who specializes in cryptocurrency taxation, joins the show to analyze this new guidance. Tyson’s expertise provides clarity to some of the ambiguous components of the new guidance. The guidance provides new information about forks, airdrops, calculation methods, and establishing a coin’s fair market value – Tyson provides his expert analysis, as well as his opinion, on each of these topics.
Some analysts predict that Bitcoin prices will increase significantly. With the halvening approaching, that prediction could become a reality. Most crypto investors certainly hope so, but large capital gains will inevitably follow a bull market. Becoming crypto-rich has some serious tax implications that every investor needs to be aware of. Tyson Cross joins us to discuss these implications and shares powerful tax reduction strategies that investors can utilize during the next big crypto bull run.
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