50 episodes

A podcast that interviews experts in the world of bitcoin, cryptocurrency, taxation, and blockchain technology.

The BitcoinTaxes Podcast The BitcoinTaxes Podcast

    • Technology
    • 5.0 • 7 Ratings

A podcast that interviews experts in the world of bitcoin, cryptocurrency, taxation, and blockchain technology.

    Is Crypto Staking Always Taxed Upon Receipt?

    Is Crypto Staking Always Taxed Upon Receipt?

    Ephraim Olson, a US tax lawyer who specializes in crypto tax law, joins the show to discuss recent IRS guidance on crypto tax staking. The IRS releases sparse guidance on common crypto activities, like staking – oftentimes, this guidance fails to address nuance, and paints with broad strokes. Ephraim joins the show to present an alternate view on how crypto staking could potentially be treated in terms of taxation. More @ Talk.Bitcoin.Tax

    • 21 min
    Avoiding Crypto Scams: Pig Butchering

    Avoiding Crypto Scams: Pig Butchering

    Scams have always been prevalent in the cryptocurrency space, but they are becoming increasingly sophisticated. Alex Johnson, a lawyer with Kugelman Law, joins us to discuss a common sophisticated cryptocurrency scam known as “pig butchering”. Alex explains pig butchering scams in detail, and discusses potential taxable implications of falling victim to a scam. More @ Talk.Bitcoin.Tax

    • 36 min
    Kraken Sending User Data To The IRS

    Kraken Sending User Data To The IRS

    In November 2023, the cryptocurrency trading platform Kraken has started sending specific crypto user data to the IRS. Alex Kugelman, a crypto tax controversy lawyer, joins the podcast to explain who is being targeted, why, and what to do if you are someone who’s data Kraken is sharing with the IRS.

    Episode Link: https://talk.bitcoin.tax/kraken-sending-user-data-to-irs/

    More episodes at: talk.bitcoin.tax

    • 20 min
    IRS Issues New Crypto Staking Guidance

    IRS Issues New Crypto Staking Guidance

    The IRS released Revenue Ruling 2023-14 which describes cryptocurrency staking as taxable at the fair market value on the date it was received. Matt Metras joins the show to break down what this ruling means for crypto traders and how it may affect their taxes moving forward.

    • 16 min
    Navigating Uncharted Waters – The Power of Opinion Letters in Crypto Taxation

    Navigating Uncharted Waters – The Power of Opinion Letters in Crypto Taxation

    First time guest Ephraim Olson, a US tax lawyer who specializes in crypto tax law, joins the show to discuss opinion letters. The lack of guidance in the crypto tax space often puts taxpayers in a difficult position. Without official guidance from the IRS, there are a range of crypto activities that would benefit from further clarity. Opinion letters are written by lawyers to take a specific position on crypto tax activity – Ephraim explains how these letters can benefit taxpayers and why more people should be educated about these letters as a potential option to utilize.

    • 30 min
    Real World Crypto Tax Scenarios

    Real World Crypto Tax Scenarios

    Welcome to the fourth episode of our multi-part series on crypto taxation.

    If you missed, or haven’t yet listened to our first three episodes, we covered the basics of crypto taxation, what is, and what isn’t taxable. Then, we explored like-kind, 1099s, and how to handle margin trading, staking, loans, and NFTs on your taxes. Our third episode reviewed all things crypto tax audits.

    In today’s episode we explore real-world crypto tax scenarios and how a seasoned crypto tax professional, Andrew Gordon, suggests handling those situations. Andrew discusses the biggest mistakes he has seen crypto taxpayers make, and lets our listeners know exactly how to prevent those mistakes.

    Episode Link: https://talk.bitcoin.tax/real-world-crypto-tax-scenarios/

    (11:01): The biggest mistakes a taxpayer can make
    (15:01): How to minimize the fees you pay a crypto tax pro
    (16:10): Can you claim losses on shut down exchanges like FTX?
    (22:08): Is FIFO the only allowed calculation method?

    • 39 min

Customer Reviews

5.0 out of 5
7 Ratings

7 Ratings

Usability guy ,

Latest aiding episode was great

The latest episode covering recent changes in how the IRS is auditing people was great and will impact what I track in terms of the detail on non-taxable events.

Incognito_V ,

Informative

Solid info, please do more episodes about mining! Thanks.

CryptoFan45 ,

Great information on all things crypto

I feel like this podcast provides great detailed information about crypto, and in most cases from tax professionals.

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