Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS.
The IRS treats cryptocurrencies like property, meaning that anytime you spend, exchange, or sell your tokens, you're logging a taxable event. There's always a difference between how much you paid for your crypto, which is the cost basis, and the market value at the time you spend it.
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Innova Makes It Easy For SC Businesses With Accounting Services - Digital Journal
Bluffton, SC – Bluffton-based Innova Investments, LLC i s changing how businesses deal with clients. Now more than ever, it is easier for businesses to grow their company.
The Accounting Services Bluffton, SC is based on industry best practices. Accounting, or what others may refer to as bookkeeping, is the regular, systematic recording of the financial activities of a business.
Delek names new top accounting officer | Finance | nashvillepost.com
Veris Residential appoints chief accounting officer | Article | Compliance Week
Real estate investment trust Veris Residential has appointed Amanda Lombard chief accounting officer, effective Jan. 18. She succeeds Giovanni DeBari, who is leaving the company after 25 years.
She will transition to the role of chief financial officer, as CFO David Smetana plans to leave Veris to pursue other opportunities when his contract is completed by year-end 2022. Lombard will work closely with DeBari and Smetana to ensure a smooth transition into both roles.
Mountain Brook Native Part Of Accounting Standard-Setting Process | Mountain Brook, AL Patch
TUSCALOOSA, AL —Mountain Brook native Margaret Clark, a graduate student in accounting at The University of Alabama, was part of a team that participated in an experiential learning opportunity this past fall that involved the creation of a comment letter, which was sent to the Financial Account
In the News: Stephanie Grimm on Communication Skills and Accounting - Newsroom | University of St.
Bad financial reporting estimated to cost companies billions | Accounting Today
Dysfunctional and manual financial reporting processes are expected to cost U.S.
The report comes at a time when companies are dealing with the increasing costs of goods and materials thanks to supply chain constraints and high rates of inflation, and are also facing serious shortages of finance and accounting staff.
In the blogs: What a world | Accounting Today
Accountants go meta; muddy start to the season; the controller as preparer; and other highlights from our favorite tax bloggers.
Jackson Hewitt offers $25 flat fee for DIY tax prep | Accounting Today
Jackson Hewitt Tax Services has introduced a $25 flat fee for online tax filing for all do-it-yourself filers as it looks to compete in the online tax preparation space against H&R Block and Intuit.
The Jersey City, New Jersey-based tax prep chain said the offer through its Jackson Hewitt Online service would apply regardless of a tax return's complexity or the number of returns, including federal and state returns.
Happening on Twitter
Crypto Unicorn TaxBit Joins Forces With PayPal, Coinbase, FTX And More To Make Paying Bitcoin And NFT Taxes A Whole… https://t.co/yM5DrwodXQ ForbesCrypto (from Distributed) Fri Jan 14 14:42:01 +0000 2022
#Turkey will not impose a 40% tax on #crypto gains, ruling AKP party sources insist. https://t.co/AVuMRFXPOe BTCTN (from World Wide) Sun Jan 09 11:33:05 +0000 2022
Turkey's Justice and Development Party officials examine #crypto regulations in the U.K., U.S. and Japan. https://t.co/AVuMRFXPOe BTCTN (from World Wide) Sun Jan 09 20:33:09 +0000 2022
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