Cryptocurrency continues to grow in popularity as an investment opportunity. While the audience for crypto was once limited to those with technological expertise, consumers can now buy and sell bitcoin at banks and ATMs. As more Georgia residents get involved with...
To beat the IRS, you need a legal team that understands the IRS.
Cryptocurrency Issues & Audits
Crypto gains accounting methods
Cryptocurrency might be a relatively new asset, but the way people earn profits from crypto follows a long-established strategy: buy low and sell high. Georgia residents who sell cryptocurrency at a profit might soon discover they owe capital gains taxes. Using an...
Cold wallets and crypto tax audits
Cryptocurrency stands as a new investment vehicle for many Georgia traders. Some may attempt to protect their assets in cold wallets, although they may worry about potential audits. Cold wallets and cryptocurrency investing Like other assets with trading and...
Crypto mining and taxation
Mining cryptocurrency is an interesting way for some Georgia residents to make money, but it has an unclear and complex tax treatment. The IRS has not specified how and when it becomes taxable, which is important to know. Crypto mining Mining crypto is a...
Challenges when Auditing Cryptocurrencies
Cryptocurrency investments and holdings have become a trendy way for people and businesses in Georgia to explore new financial opportunities. However, auditing crypto has become a real challenge in a legally unprecedented area. Auditing Crypto Holding cryptocurrency...
How blockchains work in Georgia
If you've invested in cryptocurrency in Georgia or are planning to, it's important to know the mechanics of how it works. This can help you understand why a particular cryptocurrency is a good investment or not, why certain costs are charged when you make...
Can using crypto place you at risk for an audit?
Investment in cryptocurrency faces Georgia taxpayers with many issues. A return on your investment is very expressly not guaranteed. Yet many investors continue to take the risk. As they do so, they may be skirting around the issue of not properly reporting these...
Cryptocurrency and tax audits
Cryptocurrency remains a popular investment option for those hoping to take advantage of potential gain. Returns on investment come with no guarantees, which is the case with scores of other assets. Unlike traditional stocks and bonds, , not every broker or service...
Cryptocurrency trading could lead to tax audits
Cryptocurrency has become the rage among many investors looking for windfall profits. Although volatile, Bitcoin and other digital assets come with potential gains that outweigh the risks for numerous traders. Investors need to look at the tax implications as well....
Cryptocurrency and audits
Interest in cryptocurrency has long expanded beyond the fringes of technology enthusiasts. Documented reports of people making significant money buying and selling crypto opened doors to the mainstreaming of digital assets. Today, even some traditional and...