Hellow guys, Welcome to my website, and you are watching New IRS Rules for Crypto Are Insane! How They Affect You!. and this vIdeo is uploaded by Wealthy Expat at 2023-11-30T15:00:04-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | New IRS Rules for Crypto Are Insane! How They Affect You! |
| Video Uploader | Video From Wealthy Expat |
| Upload Date | This Video Uploaded At 30-11-2023 23:00:04 |
| Video Discription | 10 Citizenship by Investment Countries ▶https://youtu.be/nnbNA183K9s 💰 Book a Call and Become Our Client ▶ https://wealthyexpat.com Join our exclusive newsletter ▶ https://www.wealthyexpat.com/newsletter Have questions or want to check if we can help you? Message Me Directly on Whatsapp ▶ https://wealthyexpatcall.com/whatsapp Summary of this video: The IRS has released new guidelines outlining the tax consequences for holding and selling cryptocurrency. These guidelines cover various events, such as the sale or exchange of digital assets, and require taxpayers to pay capital gains tax on any financial gains. The IRS is also seeking guidance on how to regulate decentralized exchanges and wants brokers and exchanges to report certain sales and exchanges. The goal is to ensure that crypto investors pay their fair share of taxes. The IRS may implement FATCA-style reporting for decentralized exchanges, requiring them to collect information on US citizens. Chain analysis tools are being used to track crypto transactions and catch individuals who are avoiding taxes. The speaker suggests that US citizens consider obtaining a second citizenship to potentially reduce their tax obligations. DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research. |
| Category | News & Politics |
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