The topic of crypto tax can be a scary one, especially with so few resources out there. But it doesn’t have to be. In our ongoing mission to help as many crypto traders as possible, we’ve created Crypto Tax Tools. Think of it as your toolbox if you like, powerfully aiding you in being proactive to file a great crypto tax return. Just how helpful can they be?
Learn about our premiere video tutorials that are now available, and at a discounted price for members of CryptoTaxAudit.
Consider The Cost of A Bad Crypto Tax Return
Our Crypto Tax Tools are designed to save you money. The video tutorials provided can keep you from having to hire a tax attorney, whose rates range anywhere from $225 to $500 per hour. You’ll find that the vast majority of tax attorneys aren’t even knowledgable about cryptocurrencies and don’t deal with crypto taxes and foreign reporting obligations.
Most important of all, a properly filed crypto tax return can save you the $10,000 penalty fee for not filing the FBAR and other anti-money laundering forms.
Our Crypto Tax Tools Video For Filing the FBAR and Form 8938
Learn how to correctly file your cryptocurrency on the FBAR and form 8938.
This video explains how to file these essential forms, specifically with cryptocurrency activity in mind. It covers:
- the requirements of filing the anti-money laundering forms
- that crypto exchanges are considered to be foreign bank accounts
- the penalties and cost at risk
- if you qualify for filing these forms
- step-by-step instructions on filling out the forms
- and more
Our Crypto Tax Tools Video For Using TurboTax To File Crypto Tax
Learn how to use TurboTax to report cryptocurrencies on U.S. income tax return.
This video goes way beyond the basic crypto support of TurboTax to explain how to:
- report mining income
- claim tax breaks for losses to scams and lost coins
- file the two anti-money laundering forms required of all crypto traders
- use a disclosure statement to protect against audits
- and more
These two video tutorials are just the beginning. Over time, we’ll be adding even more powerful crypto tax tools, from videos to ebooks, and more.
Crypto Tax Tools + CryptoTaxAudit
These videos are prepared by myself, Clinton Donnelly, founder of Donnelly Tax Law and CryptoTaxAudit. I’m one of the leaders in the field of crypto tax reporting and defense and have prepared hundreds of crypto tax returns.
On top of saving money with our Crypto Tax Tools, you can have peace of mind when you subscribe to CryptoTaxAudit. As a member, you’ll be protected against crypto tax audits and have access to free resources and ongoing discounted pricing of our Crypto Tax Tools.
Now as a crypto owner, you can rest assured that you’re safe.
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