by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 12, 2022 | Financial Services, Pro Tips, Tax Planning
Bitcoin and other cryptocurrencies are popular but not considered legal money. Instead, they’re treated as property, similar to gold. The IRS is concerned that taxpayers are not reporting their cryptocurrency earnings and has added a question about crypto to the...
by mpalma | Aug 7, 2021 | Accounting Services, Tax Planning
Did you know that you can cut your capital gains taxes with Bitcoin? Does your accountant know this? Whoever is in charge of your tax preparation services should be well aware of this benefit. Are they? The truth is that there is a Bitcoin tax loophole. And your tax...
by mpalma | May 30, 2021 | Tax Planning
Have you heard about the Bitcoin tax break? The bitcoin crash opens the door to a tax loophole for investors. Everything started with a recent plunge in prices, but that sell-off has a silver lining: It opens the door to a money-saving tax strategy. Popular...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 25, 2013 | Featured
Imagine a world in which no one has paper currency. No one has a bank account because there are no banks needed to back them up. Yet goods and services can still be purchased — online or in person, and without pesky transaction fees. In this world, everyone has...
