Shows
Future-Proof Real EstateUnderstanding Crypto Taxes and Taxable EventsIn this conversation, Johnny Zhang and Abhinav Soomaney, Manager at Kelley +Partners, discuss the tax implications of investing in cryptocurrencies and tokenized assets. Abhi, a crypto tax expert, explains that any transaction involving cryptocurrencies, including swapping one crypto for another or buying stablecoins, is considered a taxable event. He emphasizes the importance of accurately reporting these transactions on tax returns to avoid penalties and notices from the IRS. Johnny introduces his tokenization platform, Gaia, which allows property owners and business owners to tokenize their assets and raise capital. They discuss the benefits of tokenization, including fractional ownership and increased...2024-07-1134 min
Mission Matters Money with Adam TorresAbhinav Soomaney Releases Cryptocurrency in a Nutshell: Unlocking the DecentralizedNew book alert! In this episode, Adam Torres and Abhinav Soomaney, Managing Partner at CryptoTax International, explore Abhinav’s new book, Cryptocurrency in a Nutshell: Unlocking the Decentralized.Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule.Apply to be interviewed by Adam on our podcast:https://missionmatters.lpages.co/podcastguest/Visit our website:https://missionmatters.com/More FREE content from Mission Matters here: https://linktr.ee/missionmattersmedia Learn more about your ad...2022-11-0918 min
Unlocking the DecentralizedKeeping Your Crypto Safe Against Potential HacksIn this week's episode, Host Abhi Soomaney talks about how investors can save their investments from potential hacks and theft. Let's learn more about Crypto hacks and theft, along with tips on how we can avoid and protect ourselves through this.Show Notes: How to Safeguard your Investment Two Factor Authentication Online Wallet Address Hacks Investment Scam Funding and Trading Account Double Spending Selfish MiningLearn more at https://cryptotax.co.in/2022-08-3115 minUnlocking the DecentralizedTax Laws in India (TDS & 30% Rate on Crypto Income)In this week's episode, Host Abhi Soomaney talks about the CryptoCurrency Tax Laws in India. Abhi shares what are the taxable events, tax rates, Acid investments, Tax Deducted at Source (TDS) in India and more.Story NotesWhat is Taxable EventTDS in IndiaTDS TransactionsMargin Trading and CryptoWho tracks all transactions in CryptoLearn more at https://cryptotax.co.in/2022-08-2422 minUnlocking the DecentralizedCrypto Banks vs.Traditional BanksWatch this week's episode of Unlocking the Decentralized podcast as Host Abhi Soomaney discusses how crypto exchanges like Coinbase and Binance act as competitors to traditional banks. Abhi also highlights the topics of interest rates, exchanges' compliance with the SEC regulations and other reporting, lending rates, and fixed percentages that CB charges banks when making transactions. He also answers the questions about what a crypto bank does and how it makes money, is there fraud protection, and How safe is the investors' money when they deposit or transact using Crypto Bank?Story Notes2022-08-1718 minUnlocking the DecentralizedCrypto & Illicit ActivitiesIn this week’s episode, Host Abhi Soomaney talks about using cryptocurrency for illicit activities including tax fraud and theft. He also discusses what is the blockchain and the difference between the private and public blockchain.Story Notes:What is BlockchainPrivate and Public BlockchainIllicit activities on BlockchainsTransaction SplitsWhat does Anonymous MeanOnline WalletsTransferring Tokens to a Wrong AccountThere's no Dispute on CryptoLearn more at https://cryptotax.co.in/2022-08-1022 minUnlocking the DecentralizedCrypto Tax AuditsWatch the full episode of the Unlocking the Decentralized podcast as Host Abhi Soomaney with guest Alex Massarjian, discuss the topics about crypto tax audit process, what are the specific documents required and data investigation. Let's learn more about the crypto tax audit in this episode.Story NotesCrypto Tax AuditBest Way to Keep Track of Crypto TransactionsTransfer AnalysisHow Reliable the Data from AuditsData InvestigationCrypto Tax Audit ProcessSpecific Documents RequiredLearn more at https://cryptotax.co.in/2022-08-0328 minUnlocking the DecentralizedInitial Coin Offerings and Its Tax ImplicationsIn this week's episode of the Unlocking the Decentralized podcast, Host Abhi Soomaney talks with Alex Massarjian, CPA, about initial coin offerings and their tax implications. They discussed how ICO investments are taxed, LTCG versus STCG when tokens are vested, and What happens when an ICO or a token loses liquidity or market demand.Story Notes: Research Before Investing in an ICO Tax Deduction Delisting of cryptocurrency Coin Offerings and Tax Implications IPO and ICO Procedure in ICO Having a Tax Attorney is a must Factors to Consider when Investing into ICO Projects Rug Pool Minting Tokens2022-07-2732 minUnlocking the DecentralizedCrypto Mining and Taxes with Hashtech LabsIn this episode of Unlocking the Decentralized podcast, Host Abhi Soomaney with the Hashtech Labs walks us through the Cryptocurrency mining and its tax implications. They discussed and highlighted the topics about the mining revenue tax for both Business & individuals , what’s more profitable among staking, trading, and mining , What is selfish mining and how does a blockchain get hacked.Story Notes:Hashtech LabsMining Revenue TaxStaking, Trading, or Mining?Selfish MiningBlockchainCryptocurrency MiningCrypto Mining Legal?How Much Does a Mining Rig CostManaging Accounts with the Mining RigLearn more at https://cryptotax.co.in...2022-07-2033 minUnlocking the DecentralizedUnderstanding the Bookkeeping and Tax Side for Businesses Accepting Crypto as PaymentsIn this episode of Unlocking the Decentralized Podcast, Host Abhi Soomaney talks with Alex Massarjian, CPA. They highlight key topics for NFT & taxes, Business management with Crypto and Crypto Bookkeeping for businesses. They also share tips for the listeners about Crypto Bookkeeping , Receiving Crypto as payments and more.Story Notes:NFT & Taxes Business Management with Crypto Crypto Bookkeeping for Businesses NFTs in the Entertainment Space What Artist do about Taxes when it comes to CryptoCommon Issues in regards to Bookkeeping and AccountingHow Journal Entries Works Recommended Software for IntegrationPopular Coins to Use as PaymentLearn m...2022-07-1324 minUnlocking the DecentralizedIntroduction to the Unlocking the Decentralized PodcastIn this episode of Unlocking the Decentralized Podcast, Host Abhi Soomaney talks about his background and the topics he will discuss on the podcast episodes. Abhi highlights the topics about the basic tax-related client issues, Common software solutions for DeFi & NFT, Calculation methods, and Tips on how to keep your crypto safe.Story Notes:Abhi's BackgroundMajor Topics in the PodcastBasic tax-related client issuesCommon software solutions for DeFi & NFTCalculation MethodsTips on How to Keep your Crypto SafeStock Market is Totally Different than Crypto SpaceTax Software for Cryptocurrency TransactionsOffsetting Losses Against Income Generated TokenAssisting Clients in all Types...2022-07-0628 minUnlocking the DecentralizedWelcome to Unlocking the Decentralized PodcastIn this episode of Unlocking the Decentralized Podcast, Host Abhi Soomaney shares the goals and what to expect in his podcast. Let’s unlock the biggest and hottest questions that surround the crypto space today and learn why it is essential and helpful to understand the use case and tax implications of crypto.Story Notes:Goals of the PodcastTax Implications on Crypto Investors in IndiaICO ScamsMaking Crypto an International CurrencyCrypto Mining and StakingLearn more at https://cryptotax.co.in/2022-06-2803 min