FTX, Celsius, and Crypto Exchange Bankruptcy Tax Treatment
A frozen crypto exchange account is not an automatic tax loss. Track original basis, the bankruptcy claim, recoveries, and the closing event.
Are Staking Rewards Taxable? What Rev. Rul. 2023-14 Says
Staking rewards are generally ordinary income at fair market value when a cash-method taxpayer gains dominion and control over the rewarded units.
Crypto Cost Basis: FIFO, HIFO, and Specific ID
Compare FIFO, HIFO, and specific identification under current IRS digital-asset rules, including timely lot selection and wallet-by-wallet basis.
DeFi Taxes: Swaps, Liquidity Pools, Lending, and Yield
DeFi tax treatment depends on the assets, rights, and income involved. Learn how to document swaps, liquidity pools, lending, rewards, and fees.
How to Calculate Crypto Capital Gains and Losses
Calculate crypto capital gains using amount realized, adjusted basis, fees, lot identification, and the correct short-term or long-term holding period.
Should a Small Business Hold Crypto?
Before a small business holds or accepts cryptocurrency, document purpose, entity ownership, custody, approvals, accounting, tax, and liquidity controls.
5 Cloud Bookkeeping Controls for Washington Businesses
Five practical controls for Washington cloud bookkeeping: migration balances, B&O mapping, sales tax sourcing, payroll review, and documented filings.
How to Use Your Books to Find Cost Leaks and Review Profit
Use reconciled books to review recurring costs, service margins, and cash commitments, with practical examples and a monthly review checklist.
DIY Bookkeeping: When the Monthly Close Never Happens
DIY bookkeeping can work. The cost appears when accounts are not reconciled, the balance sheet is not reviewed, and the monthly close never finishes.
Accepting Crypto Payments: A Recordkeeping Guide
A practical crypto payment workflow for small businesses: invoices, wallet ownership, dollar values, processor settlements, fees, and reconciliation.
Crypto Tax Software Problems: What to Review
Review crypto tax software for missing purchase history, duplicate imports, transfer errors, prices, and balance differences before relying on tax reports.
