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Crypto for Tax Pros
Manage episode 460912864 series 3436441
Crypto tax expert Amir Marmar of JFDI Accountants breaks down the complexities of cryptocurrency taxation and shares guidance on when tax professionals should handle crypto cases themselves versus partnering with specialists. He explains key concepts like wallet-level reporting requirements coming in 2025, the challenges of DeFi and staking transactions, and why traditional tax software may not be enough for complex crypto cases. This episode provides practical insights for tax professionals on evaluating crypto clients and understanding the latest IRS guidance, including Revenue Procedure 2024-28's move away from universal accounting methods.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (01:56) - Amir Marmar's Background and Expertise
- (03:04) - Crypto Accounting Challenges and Success Stories
- (07:49) - Crypto-Friendly Government Policies
- (14:06) - Understanding Crypto Wallets
- (23:36) - Blockchain Basics and Tax Implications
- (29:38) - Complexities in Crypto Taxation
- (37:19) - Understanding Lending Protocols and Tax Implications
- (39:24) - Exploring Staking and Its Tax Considerations
- (41:11) - Liquidity Pools and Market Making
- (43:01) - Challenges in Crypto Accounting
- (44:11) - IRS Guidance and Tax Positions
- (46:02) - The Role of Tax Professionals in Crypto
- (49:39) - Steps for Successful Crypto Tax Engagements
- (52:50) - Upcoming Changes in Crypto Tax Reporting
- (01:04:53) - Contacting JFDI for Crypto Tax Help
Connect with Amir
https://www.jfdiaccountants.com/
https://www.linkedin.com/in/amir-marmar-20b76726
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
52 епізодів
Manage episode 460912864 series 3436441
Crypto tax expert Amir Marmar of JFDI Accountants breaks down the complexities of cryptocurrency taxation and shares guidance on when tax professionals should handle crypto cases themselves versus partnering with specialists. He explains key concepts like wallet-level reporting requirements coming in 2025, the challenges of DeFi and staking transactions, and why traditional tax software may not be enough for complex crypto cases. This episode provides practical insights for tax professionals on evaluating crypto clients and understanding the latest IRS guidance, including Revenue Procedure 2024-28's move away from universal accounting methods.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (01:56) - Amir Marmar's Background and Expertise
- (03:04) - Crypto Accounting Challenges and Success Stories
- (07:49) - Crypto-Friendly Government Policies
- (14:06) - Understanding Crypto Wallets
- (23:36) - Blockchain Basics and Tax Implications
- (29:38) - Complexities in Crypto Taxation
- (37:19) - Understanding Lending Protocols and Tax Implications
- (39:24) - Exploring Staking and Its Tax Considerations
- (41:11) - Liquidity Pools and Market Making
- (43:01) - Challenges in Crypto Accounting
- (44:11) - IRS Guidance and Tax Positions
- (46:02) - The Role of Tax Professionals in Crypto
- (49:39) - Steps for Successful Crypto Tax Engagements
- (52:50) - Upcoming Changes in Crypto Tax Reporting
- (01:04:53) - Contacting JFDI for Crypto Tax Help
Connect with Amir
https://www.jfdiaccountants.com/
https://www.linkedin.com/in/amir-marmar-20b76726
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
52 епізодів
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