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Kandungan disediakan oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
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Crypto for Tax Pros

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Manage episode 460912864 series 3436441
Kandungan disediakan oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

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

  continue reading

53 episod

Artwork
iconKongsi
 
Manage episode 460912864 series 3436441
Kandungan disediakan oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Earmark Media, Roger Harris, EA, Annie Schwab, and CPA atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

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

  continue reading

53 episod

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