THE BLOG

12
Mar

Crypto Taxes & Escrow Services Explained

The experts and “WIZARDS” for bitcoin, cryptocurrencies and private escrow services for “large” owners and traders of crypto assets.

ICO’s, crypto traders and owners of bitcoin and altcoins often fail to consider the tax implications when buying, selling and trading their assets. We are the experts. And NO, we didn’t hang our shingle last week after attending a crypto conference.

Our Co-founders have owned bitcoin since it was $355.00! Our tax and attorney experiences exceed 20+ years.

You want answers to your bitcoin, altcoin, ICO, trading, buying and selling questions? Schedule a free 15 minute consultation.

Brought to you by CryptoTaxWizards.com and Courtesy of: Visual Capitalist
08
Mar

Free Newsletter

For a limited time only, signup for our Monthly “Crypto Tax Wizards Newsletter” and receive our latest tactics and strategies for minimizing your crypto tax liabilities.

07
Mar

Bitcoin Taxes & the IRS: Crypto Traders Owe Big

Crypto coin traders owe the IRS millions of dollars! 2017 was a HUGE year for most traders and as a result, it’s time for these crypto enthusiasts to pay up!

CryptoTaxWizards can help you minimize your tax 2017 tax liability and with our counsel, 2018 taxes due can at least be palatable.

Crypto Tax Wizards was founded by a few of the most skilled, cunning and experienced CPA’s on planet earth 🙂

As you’ve probably read, Coinbase has been forced to hand over their transaction records to the IRS. This information includes taxpayers name, birthday, address, and tax payer ID. Coinbase fought this SID valiantly but lost. Thus, 14,000+ tax payers ID’s were handed over the the IRS!

Were you one of these Coinbase clients? Are other exchanges being forced to reveal their customer data as well?

We can help you determine if you’re caught up in this debacle. Not only can we help you with your current tax liability but we can strategize with you to prepare for future tax liabilities and help you to legally reduce them.

If you earned capital gains with Continue Reading..

06
Mar

Crypto & Bitcoin Taxes are Tricky

Do you know what to do? Do you know when to do it?

Do you know how to track your crypto costs?

Do you have a team of crypto tax specialists advising you?

Do you need answers to your crypto taxation questions today?

Have you recorded the value of your bitcoins as of the day you obtained them? And as of the day you sold, transferred or traded them?

Do you know that simple tools exist that enable you to track your crypto asset costs?

Do you know that crypto currencies are treated as property? What’s this mean to you? When you sell or transfer your crypto this event must be recognized as a gain or a loss and reported to the IRS on a Schedule D.

11
Jan

Bitcoin Taxes

Whether you’re a cryto trader full time, just sold the bitcoins or altcoins you mined or simply want to accurately report your crypto currency tax liability, we understand your situation.  We are current with the latest crypto industry and crypto regulatory developments.
Continue Reading..