#518 3 Simple Crypto Tax Hacks The IRS Want You To Ignore

Main Street Business

Inhoud geleverd door Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

3M ago 29:38

MP3•Thuis aflevering

In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen decode cryptocurrency tax tactics. They address the uptick in crypto ownership and IRS oversight, focusing on strategies like Charitable Remainder Unitrusts, tax-free trading with Roth IRAs, and LLC setups as S-corporations. They provide examples of significant tax reductions and steps to implement these strategies effectively.

Here are some of the highlights:

Mark and Mat point out how $28 billion in Bitcoin is being bought and traded every 24 hours.
How to use CRUT (Charitable Remainder Unitrust) for large capital gains.
The advantage of using Roth IRA or Roth 401(k) for tax-free crypto trading.
Mark and Mat address crypto mining, staking, DeFi lending, NFTs, and gaming.
Importance of reporting crypto transactions to the IRS.
The step by step process to set up and fund a crypto Roth IRA.
Combining W-2 income with investment strategies.

Join us for the FREE 2-Hour Live Crypto Tax 101 Q&A where Mark J. Kohler will unveil his Top 5 Crypto Strategies and then give you an opportunity to get your questions asked and answered. When: August 22 from 9am - 11am PT
Register now: https://markjkohler.com/free-crypto-tax-101-event/

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Hoofdstukken

1. Cryptocurrency Tax Strategies for Savings (00:00:00)

2. Tax-Free Crypto Trading With Roth (00:10:59)

3. Crypto Tax Strategies for Earnings (00:18:14)

4. Tax Saving Strategies for Crypto Investors (00:26:52)

541 afleveringen

#Business #Mark J Kohler #Mat Sorensen #MBA #Entrepreneur #Mark J Kohler And Mat Sorensen #Tax Strategy #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform #Estate Planning