Cryptocurrency as Property: Practical Tax Implications Under IRS Guidance
Cryptocurrency is treated as property for federal tax purposes, even though many taxpayers think of it like a stock or a currency. This article examines how IRS guidance on basis, losses, and income timing creates practical tax considerations for those active in cryptocurrency.
Tax Planning Without the Hype: Timing, Deferral, and True Exclusions From Income
Tax timing and tax deferral are often confused, but they’re not the same. This post explains the difference between economic gain (realization) and when income becomes taxable (recognition)—and why it matters for planning.
Understanding IRC §1031: Deferring Tax on Like-Kind Exchanges
Discover how real estate investors can strategically defer capital gains taxes through a 1031 like-kind exchange. This guide breaks down the IRS rules, timelines, and benefits—plus explains how working with a qualified intermediary and tax counsel helps preserve wealth and reinvest profits. Learn how to “swap ‘til you drop” and build long-term value through smart tax planning.
CPA vs. Tax Lawyer: Key Differences and How to Choose the Right Tax Professional
Tax Lawyer vs CPA: What’s the difference and determining which one best suit your needs