The Liberty Advisor Show W/ Tim Picciott
Business:Investing
Full video here:https://youtu.be/Nbssed9-2SI
The intersection of Crypto Currencies and taxes is a very tricky subject.
In this podcast we address the difference between short term gains and long term gains and how some tax payers may even be in a 0% bracket without even realizing it.
Ever wonder how Airdrops are taxed? Or what about forks? What happens when you swap a main net coin for a token. i.e Ethereum for an ERC-20 token.
How is mining treated and when is the tax applied? Is the tax applied when you receive the coins or is it applied when you sell the coins?
What about wash sale rules? Are you allowed to claim a loss and immediately buy your bitcoin back? How does the IRS view crypto?
All of these subjects and more are discussed and make sure to stick around for our ad at the end which goes over important reasons to consider a crypto IRA?
Rough outline below:
Today we are joined by Beth logan who is an enrolled agent with kozlog tax advisers. Beth is one of the few tax professionals who has an understanding of crypto and more importantly what that means for you and your taxes. The government has sure made it difficult for people to understand what the heck is going on. IRS says bitcoin is property but what does that mean for others…. CFTC says it’s a commodity and the SEC says that ICO’s are more than likely securities but bitcoin and Ethereum aren’t securities. Bottom lines it’s a mess. A lot of people are confused and that’s where Beth can help us out.
I think the first thing people want to know is what is an enrolled agent and maybe what the difference between an EA and a CPA we’ve all heard of Certified public accountants but most people probably have no idea what an EA is? So can you help us out a little and break down the distinction.
Beth Logan: taxes@kozlog.com
Some of the questions we answered:
-
Can you work with people around the country?
How people can reach you - ok to link in show notes?
-How you charge -Hourly - do you want to say how much?
Tim's Guest Spot on Declare Your Independence with Ernest Hancock 1-13-2021
The Union of the Unwanted 1/11/2021 with special guest Dr Judy Mikovitz
Bye Bye Facebook - TAY9
TAY 10: Big Tech Takes Down Parler as Things go from Bad to Worse
TJS ep31: The End of Free Speech and The End of US
Declare Your Independence with Earnest Hancock 12-23-2020 - EPIC SHOW with Tim Picciott, Tina Marie, Robert Anderson, Dr Judy Mikovits
TAY 8: Federal Reserve Just Had Their Power Dramatically Curtailed and Bitcoin Hits New High
Brandy Vaughan's Best Friend Speaks Out For First Time Since Her Death
Tim Explores The Belly Of The Beast; The Jekyll Island Club. Location Where The Federal Reserve Act Was Hatched
TJS short report 12/16/2020 - Money Printing and the Stock Market, The Correlation is INSANE!
Tim's Guest Spot on Declare Your Independence with Earnest Hancock 12-9-2020
The Georgia Guidestones Travel Vlog
The Union of the Unwanted 11/30/2020 with special guests Matt Raymer, Erin Edwards, Jeremy Kauffman, and Jaime Bruguerus
TJS ep30: with Richard Grove - Council On Foreign Relations / RIA/ BIS / Rothchilds
Tim's Guest Spot on Declare Your Independence with Ernest Hancock 11-25-2020
TJS ep29: SpaceX CoFounder and Patriot Jim Cantrell tells all in this no holds barred interview
TJS ep28: Yellen To Be Treasury Seretary! Stock Market Hits New All Time High as Bitcoin follows close behind
TJS ep27: with guest Russell Gray
The Union of the Unwanted 11/16/2020 with Special Guest ROGER STONE
TJS ep26: with guest Charlie Robinson Author of "The Controlled Demolition Of The American Empire"
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast