NFT Royalties and the IRS: When You Owe and How to Report
NFT royalty payments are ordinary income at receipt. Learn creator vs. collector treatment, basis tracking on the original mint, and which 1099 forms apply.
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Crypto Donations: Maximize the Deduction (Form 8283)
Donate crypto directly to charity: deduct at FMV, pay zero capital gains. Form 8283 walkthrough, qualified appraisal rules, and audit triggers explained.
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LLC or S-Corp for Crypto Trading: When It Actually Helps
An LLC alone saves nothing on crypto taxes. Learn when Trader Tax Status and the IRC §475(f) election make an S-Corp worthwhile — and the breakeven math.
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Staking Rewards: Ordinary Income at Receipt — Rev. Rul. 2023-14
Rev. Rul. 2023-14 settled it: staking rewards are ordinary income at FMV when received. What the ruling says, what Jarrett decided, and how to file compliantly.
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Crypto Audits in 2025: What the IRS Already Knows About You
John Doe summons, 1099-K history, 1099-DA rollout, and Chainalysis — the IRS has more crypto data than most taxpayers realize. Build your defense posture now.
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Hard Forks, Airdrops, and Token Splits: Cost Basis Treatment
Rev. Rul. 2019-24 governs hard forks and airdrops: ordinary income at FMV, basis equals FMV at receipt. Full treatment for every fork and airdrop scenario.
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Quarterly Estimated Tax for Crypto Traders: Avoid the Penalty
Avoid IRC §6654 underpayment penalties: safe harbor rules, Form 1040-ES due dates, and the annualized installment method for crypto traders with lumpy gains.