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CRYPTO TAX / JUNE 26, 2023
Cryptocurrency Taxes:
Know What You Don’t Know – 3 Rules of Three
PART 3: THREE LEGAL ENTITIES
Picking the INCORRECT type of legal entity to do your cryptocurrency business could have a devastating impact on the taxes you pay in that activity. Similarly, if you do it the right way, it can have a huge benefit to you in your after-tax returns. Stay tuned and you will see how you can utilize the correct business formation structure to maximize your after-tax crypto returns.
CRYPTO TAX / JUNE 26, 2023
Cryptocurrency Taxes:
Know What You Don’t Know – 3 Rules of Three
PART 2: THREE TYPES OF CRYPTO ACCOUNTS
Hopefully, if you have decided to get into the cryptocurrency business, you have done so for the purpose of making a lot of money…and by that, I mean a lot of PROFITS. Of course, anytime you have a lot of profits, you will have the IRS and other tax agencies circling like sharks, looking to claim their share of those profits. Knowing the 3 types of crypto accounts, and when to utilize each, will help you minimize the damage at tax time!
KELLY COUGHLIN
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