Shows
The Clinton Donnelly ShowHow Do You Report Short Term 1099-DA Crypto Gains on Form 8949 (Step-by-Step Fix)IRS Form 1099-DA is reported by exchanges under Internal Revenue Code Section 6045(g), but taxpayers must report cryptocurrency gains under Treasury Regulation 1.1012-1(j). If you copy the 1099-DA directly onto IRS Form 8949 without adjustment, your capital gains may be reported incorrectly.In this video, Clinton Donnelly, founder of CryptoTaxAudit, explains:• Why exchange reporting and taxpayer reporting follow different rules• How transferred crypto creates lot-order mismatches• Why 1099-DA proceeds may not reflect your actual cost basis• How to subtract exchange-reported proceeds on Form 8949• How to enter your correct crypto gain summary• How to reconcile reporting without triggering IRS correspondenceThis applies to t...
2026-02-2405 minThe Clinton Donnelly ShowWhat Happens to Crypto in a Divorce? Cost Basis, IRS Audits, and Hidden Tax RisksWhen crypto assets are divided in a divorce, the cost basis transfers with them. That means future capital gains tax liability may follow the asset, and incorrect reporting can trigger IRS audits affecting both partners.👨⚖️ Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” explains how forensic wallet tracing, joint tax returns, and cost basis allocation can create unexpected legal and tax exposure during and after divorce.What You’ll Learn:• How forensic crypto audits work in divorce proceedings• What happens to cost basis when ass...
2026-02-1708 minThe Clinton Donnelly Show1099-DA + Form 8949: The IRS Match That Triggers Crypto Tax Audits (2026)Crypto taxes changed in a big way for 2026.In this video, Clinton Donnelly explains how the new 1099-DA works, how the IRS now separates cryptocurrency from other property, and why reporting mistakes are more likely to trigger audits than ever before.👨⚖️ Clinton Donnelly is the founder of CryptoTaxAudit, known as the Crypto Tax Fixer, and a leading expert in IRS crypto audits, tax compliance, and gain calculations.Meet the hosts:Clinton Donnelly → https://www.cryptotaxaudit.com/clinton-donnellyBen Weber (Director of Crypto Analytics) → https://www.cryptotaxaudit.com/ben-crypto-tax-expertWhat this video covers:- What the new 1099-DA reports (and what it doesn’t)- How...
2026-02-1029 minThe Clinton Donnelly ShowCrypto Taxes Explained: 1099-DA, Wallet Transfers, IRAs, Losses & IRS Rules (2026 Guide)This video explains how U.S. crypto tax rules apply to common crypto activity.It covers trading, transfers, fees, losses, and retirement accounts.It reflects current IRS guidance, including Form 1099-DA.Clinton Donnelly, founder of CryptoTaxAudit, and Ben, Director of Crypto Analytics, answer practical questions about crypto tax reporting.They focus on how transactions are reviewed when proceeds, cost basis, or records are incomplete or misunderstood.Topics covered include:• Crypto tax reporting basics and where to start• How Form 1099-DA reports proceeds• Why cost basis reconciliation is required• Whether exchange to wallet transfers can be misclassified• How missing or incorrect...
2026-02-0324 minThe Clinton Donnelly ShowWhy IRAs and 401(k)s Are Failing Crypto Investors | Retirement, Inflation & BitcoinMost people are told that IRAs and 401(k)s are the foundation of retirement planning.But decades into these strategies, many Americans still reach retirement age without enough savings to live comfortably.In this video, Clinton Donnelly, founder of CryptoTaxAudit, explains:• Why traditional retirement accounts often fall short• How inflation and fund fees affect long-term outcomes• What Social Security realistically provides in retirement• Why contribution limits and withdrawal penalties matter• How some investors think differently about long-term growthThis is not about hype or predictions, it’s about understanding the structure behind common retirement strategies and asking better questions about long-term fi...
2026-01-2705 minThe Clinton Donnelly ShowIRS Uses Palantir for Crypto Tracking: CARF, DAC8, and What Traders Must Report🚨 LIVE CRYPTO TAX AMA THIS FRIDAY: LIMITED SPOTSIf you trade crypto, this is information you do not want to miss.👉 Register now (free, live):https://streamyard.com/watch/YKQVzjJtqaS8This week’s AMA breaks down how the IRS actually tracks crypto today, including:• Palantir and blockchain analysis• CARF & DAC8 cross-border reporting• What foreign exchanges may report• Why “just using DeFi” doesn’t eliminate tax exposureSeats are limited and this AMA.The IRS has used Palantir for nearly a decade to normalize and analyze large datasets, including tax data. With tools like Palantir Foundry, government agencies can now analy...
2026-01-2006 minThe Clinton Donnelly ShowWhy Did the IRS Threaten Property Seizure After a $271,000 Tax Payment?This situation, shared publicly by Stefan Georgi, highlights how IRS enforcement systems work, why interest penalties matter, and why relying on surface-level tax software or assumptions can create serious risk.🔗 Original public post referenced in this discussion:https://x.com/StefanGeorgi/status/2005279901050413341?s=20What this video covers:•Why IRS interest does not stop automatically after payment•How levy and seizure notices are triggered•Why “tax strikes” and non-filing backfire legally•What actually happens when penalties compound•How to respond without increasing audit or enforcement riskIf you’re trading crypto, filing late, or dealing with large corrections, understanding how the IRS enforces balanc...
2026-01-1306 minThe Clinton Donnelly ShowIRS Criminal Indictments Explained: What Happens When You Don’t Report CryptoThe IRS is about to get full visibility into your crypto activity. Starting January 2026, the 1099-DA will report every sale, exchange, and transfer you make on US exchanges. And in 2027, the Crypto Asset Reporting Framework (CARF) brings 90+ countries into the same system.This means:- Every transaction reported, no minimum amount- Your wallet addresses exposed through transfer data- Foreign exchanges like Binance will collect KYC and report to the IRS- DeFi won't save youThe bigger shift: the IRS is moving away from audits and toward criminal indictments. Look at the Roger Ver...
2025-12-0904 minThe Clinton Donnelly ShowCARF Is Coming: The IRS Will See Your Wallet Activity (2027–2028 Explained)The IRS is about to receive foreign crypto exchange data, including wallet activity, under the upcoming Crypto Asset Reporting Framework (CARF). U.S. taxpayers now have a very limited window to get compliant.In this video, Clinton Donnelly breaks down what the U.S. Treasury just proposed: participation in the Crypto Asset Reporting Framework (CARF) a global reporting system already signed by nearly 90 countries. CARF is expected to begin data collection in 2027, and foreign countries could start sending reports to the IRS in 2028.CARF goes far beyond a 1099-DA. It could include:- wallet addresses- transfers- exchanges- disposal events...
2025-12-0205 minThe Clinton Donnelly ShowWhy OG Whales Are Dumping Bitcoin for ZcashProtect yourself from IRS crypto audits with TaxShield:👉 https://www.cryptotaxaudit.com/taxshieldOG Bitcoin whales are dumping BTC for Zcash, not because of market cycles, but because of fear.Following the Roger Ver plea deal and the newly demonstrated IRS wallet-tracing capabilities, early Bitcoin holders are panicking over old, unreported gains, potential indictment exposure, and the upcoming 1099-DA reporting rules. In this video, Clinton Donnelly breaks down the tax panic driving BTC’s decline and Zcash’s sudden 10x surge.⏱️ TIMESTAMPS00:00 Why Bitcoin has been falling for two months00:20 Zcash up 10x the rollover trade explained00:37 Fear of criminal indictment...
2025-12-0105 minThe Clinton Donnelly ShowHow Crypto Scams Really Work in 2025: Forensics Expert Reveals What Victims Don’t Know⚠️ WARNING: The biggest threat after a crypto scam is getting robbed a second time.In 2025, crypto scams are more organized, technical, and psychologically targeted than ever before. But here’s what most victims don’t know:Scammers often install malware, steal your ID/KYC, and may continue targeting you long after the initial theft. This means your identity, your devices, and even your bank accounts may still be at risk.In this critical interview, crypto tax attorney Clinton Donnelly speaks with Joseph Albiñana, a senior blockchain investigator at CoinStructive, to expose how pig-butchering scams, romance scams, investment frauds, and “reco...
2025-11-2532 minThe Clinton Donnelly ShowThinking of Renouncing Your Citizenship? WATCH THIS First (Exit Tax Warning)Renouncing your U.S. citizenship does not guarantee tax freedom, and for many people, it can create bigger tax problems than it solves.In this video, Clinton Donnelly breaks down the real rules, including why the IRS can still pursue you for 10 years after renunciation, how Form 8854 works, and what the Exit Tax actually is.🇺🇸 What You’ll Learn in This Video• Why U.S. citizens are taxed on worldwide income• Why moving to Dubai or Portugal doesn’t remove your IRS obligations• The one legitimate tax haven for Americans (Puerto Rico Act 60)• How the Exit Tax works whe...
2025-11-1809 minThe Clinton Donnelly ShowCrypto’s Turning Point: Lark Davis on Trump, Regulation & the Next Bitcoin CycleIn this exclusive interview, Clinton Donnelly sits down with crypto expert Lark Davis to unpack Trump’s proposed $2,000 stimulus, the new wave of pro-crypto regulation, and what it all means for your crypto portfolio and taxes.👨⚖️ Clinton Donnelly is the founder of CryptoTaxAudit, a leading authority in IRS representation, crypto tax compliance, and audit defense.🎙️ Lark Davis, one of the world’s most recognized crypto analysts, shares his personal tax journey, his thoughts on tokenization, and how investors can prepare for a volatile but opportunity-filled 2025.💡 What You’ll Learn:• Why Trump’s $2,000 stimulus and “run it hot” policy could reignite the crypto bull market...
2025-11-1334 minThe Clinton Donnelly ShowCrypto Tax Losses: Avoid These 3 IRS Red FlagsWhen it comes to reporting crypto losses, one wrong form or bad YouTube “hack” can put you straight on the IRS’s radar.👨⚖️ Clinton Donnelly explains the three biggest mistakes crypto traders make when reporting losses and how to avoid triggering a Letter 3176C for a “frivolous” return.💼 What you’ll learn:• How the IRS actually views theft, Ponzi, and scam-related losses• Why “obscure loopholes” can lead to frivolous-return flags• The difference between a valid theft loss and a disallowed claim• How to document proof properly under Form 4684• When it’s smart to file with CryptoTaxAudit to prevent audits📞 Get help:👉 Book a...
2025-11-1107 minThe Clinton Donnelly ShowPuerto Rican Act 60 Explained: How to Pay 0% Capital Gains Tax (Legally)Can you really pay 0% capital gains tax by moving to Puerto Rico?In this video, Clinton Donnelly breaks down Puerto Rican Act 60, the IRS residency tests, and the exact mistakes that can trigger an audit if you get this wrong.💼 What you’ll learn:• How Act 60 creates a legal 0% capital gains tax incentive for U.S. citizens• The 5 residency rules you must meet to qualify• What the IRS watches for in audits (including your passport days)• Real example: Pantera Capital CEO under Senate investigation• The truth about the “Closer Connection Test” and how to avoid losing status👉 For professional help setting up your P...
2025-11-0408 minThe Clinton Donnelly ShowIRS Weaponization Exposed: Hunter Biden, Roger Ver & Why Capital Gains Must DIEThe IRS has been weaponized by both political parties for decades. Clinton Donnelly, who defends traders in IRS audits every day, breaks down the real cases you haven't heard about and reveals why eliminating capital gains tax on digital assets is the only realistic solution.Clinton Donnelly is the founder of CryptoTaxAudit and one of the leading crypto tax defense attorneys in the United States. He's represented hundreds of crypto traders facing IRS audits and investigations, giving him unique insight into how the system really works.Facing an IRS Audit or Investigation?📞 Book a consultation wit...
2025-10-2806 minThe Clinton Donnelly ShowSo You’re a Bitcoin HODLer… Here’s What the IRS Thinks of That 😬Even if you never sell your Bitcoin, you’re not immune from taxes.Borrowing against your crypto can create hidden liabilities if you’re liquidated and when you finally sell, your long-term capital gains can reach 20–30% including federal, NIIT, and state taxes.Crypto tax expert Clinton Donnelly, known as the Crypto Tax Fixer and founder of CryptoTaxAudit, breaks down the real IRS implications for Bitcoin HODLers. He explains when borrowing can make sense, when it becomes risky, and why liquidation events can surprise even seasoned investors.What you’ll learn:- How long-term capital gains on Bitcoin are actually taxed- T...
2025-10-2102 minThe Clinton Donnelly ShowCrypto Theft: 7 Rules to Protect Keys, Wallets & LifeCrypto theft prevention starts with OPSEC, which you can actually do today. Learn the distance rule, wallet splits, and how to claim losses.If you hold digital assets, crypto theft prevention isn’t optional, it’s survival. This video breaks down practical OPSEC moves that lower real-world risk, from going quiet about holdings to creating genuine distance between you and your keys. We cover home invasion crypto scenarios and why “a few hours away” isn’t enough; your recovery stash should be a plane-trip away to prevent forced access.You’ll learn cold wallet security tactics: multiple wallets, separated locations, n...
2025-10-1406 minThe Clinton Donnelly ShowYour Accountant Is NOT Ready For 1099-DA Crypto Tax FormThe 2025 tax season is bringing the biggest change to crypto tax reporting in years. Centralized exchanges will now send the IRS a Form 1099-DA, detailing every single one of your crypto sales, exchanges, and even transfers. For active traders, this could be a document that is dozens of pages long.Is your current accountant prepared to handle this?In this episode of the Clinton Donnelly Show, we break down exactly what the 1099-DA means for you as a US crypto investor. He'll cover why standard tax software fails with complex DeFi transactions and how misclassifying trades can lead you...
2025-10-0708 minThe Clinton Donnelly ShowTrump OKs Bitcoin in 401(k)s: The Ownership Illusion You Didn’t SeeTrump just opened the door for Bitcoin in 401(k)s, but here’s the catch: you may never actually own it.Clinton Donnelly explains what this executive order really means, where the IRS tax traps are hidden, and why your “Bitcoin in retirement” may be an illusion.👨⚖️ What you’ll learn:• What Trump’s order allows and what it doesn’t• Why Bitcoin withdrawals from 401(k)s always convert to fiat• Why you can’t ever take Bitcoin “in kind” from a retirement plan• Hidden rules: 5-year lock-ins, 10% early withdrawal penalties, required minimums• Why your 401(k) Bitcoin is ultimately not your BitcoinIf you thought puttin...
2025-09-3004 minThe Clinton Donnelly ShowTop 5 Crypto Tax Questions Answered: Wallets, Stablecoins, Losses & IRS RulesAre you confused about how crypto taxes actually work? 🤔These are your questions, answered. Clinton Donnelly, founder of CryptoTaxAudit, tackles the Top 5 crypto tax questions our viewers ask most.What you’ll learn in this video:• Do you pay taxes on stablecoin transactions?• What is “cost basis” and why does it matter for crypto?• Is moving crypto between wallets taxable?• How do you report crypto trades and exchanges to the IRS?• Can you use losses to reduce your crypto tax bill?Clinton explains the rules in plain English with real-life examples, including how losses can carry fo...
2025-09-2306 minThe Clinton Donnelly ShowWhy Crypto Taxes Need an Expert (Not AI or Reddit Advice)Are you thinking about trusting AI or Reddit for crypto tax tips? The IRS just fined taxpayers $162M in penalties for following bad advice.🔗 IRS press release: https://www.irs.gov/newsroom/irs-assesses-162-million-in-penalties-over-false-tax-credit-claims-tied-to-social-media?utm_source=chatgpt.comIf you want to avoid costly mistakes, you need a real crypto tax expert on your side.AI and Reddit can recycle information, but cannot provide judgment, foresight, or accountability. That’s where an expert comes in.In this video, Clinton Donnelly, founder of CryptoTaxAudit and known as the Crypto Tax Fixer, explains why relying only on AI or social media tips can c...
2025-09-1903 minThe Clinton Donnelly ShowIs 0% Long-Term Capital Gains Tax Possible Under Trump’s Plan?There’s a growing debate over whether America should eliminate the capital gains tax. President Trump and Secretary Lutnick have suggested that tariff revenue, possibly as high as $750 billion, could be used to offset taxes, even reducing them for households under $150,000.Clinton Donnelly, founder of CryptoTaxAudit, breaks down why capital gains tax reform is being discussed, what it could mean for crypto investors, and whether 0% long-term capital gains is realistic.💼 What you’ll learn in this video:• Could tariffs replace income and gains taxes?• Why short-term gains can be taxed up to 40%• The case for eliminating l...
2025-09-1602 minThe Clinton Donnelly ShowIRS Installment Agreement Explained: Maximum Time, Limits & Denials (2025)Are you struggling to pay your tax bill? The IRS payment plan might be your lifeline, but not everyone qualifies. In this video, Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” breaks down how installment agreements really work, who gets approved, and the red flags that lead to denial.What you’ll learn:- The IRS payment plan rules and time limits- Who qualifies and who gets denied - Options if you owe back taxes and can’t pay in full- Key strategies to avoid penalties and stay compliant📌 If you owe the IRS...
2025-09-0907 minThe Clinton Donnelly ShowIRS 1099-DA in Under 3 Minutes: What Crypto Exchanges Will Report in 2026What is IRS Form 1099-DA?It’s the brand-new IRS form for digital assets, arriving in 2026. U.S. crypto exchanges like Coinbase, Robinhood, Kraken, Gemini, and Fidelity will now be required to report your crypto sales, swaps, and even wallet transfers — including the wallet addresses involved.Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” breaks down what this means for traders:- Which exchanges will issue Form 1099-DA- What’s being reported (sales, swaps, transfers, wallet addresses)- Why cost basis data won’t be included until later years- How 1099-DA fits into the consolidated 1099 package (INT...
2025-09-0502 minThe Clinton Donnelly ShowCrypto Inheritance Taxes Explained: Step-Up Basis, 40% Estate Tax & $15M Exemption (2025 Update)What happens to your crypto when you die? The IRS has strict rules on inheritance, estate taxes, and the powerful step-up basis that can save heirs from massive capital gains.Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” breaks down how the $15 million lifetime exemption, the 40% estate tax rate, and the step-up basis apply to crypto holders in 2025.💼 What you’ll learn in this video:• How the new $15M estate tax exemption (Genius Act 2025) works• Why estates over the limit face a 40% federal tax hit• How step-up basis resets crypto cost basis for heirs — often tax-free• Plannin...
2025-09-0204 minThe Clinton Donnelly ShowWhat Is the IRS FIFO Rule for Crypto Taxes in the 2025 Tax Season?What is FIFO in crypto taxes, and why does the IRS say it matters in 2025?FIFO means “First In, First Out.” When you sell crypto without specifically identifying which units you’re selling, the IRS assumes the first coins you bought are the first ones you sold.Starting with the 2025 tax year (filed in 2026), the IRS requires cost‑basis methods to be applied on a by‑account (wallet‑by‑wallet) basis. If you don’t (or can’t) provide a specific identification, then FIFO becomes the default inside that account — not across all your wallets and exchanges.Clin...
2025-08-2802 minThe Clinton Donnelly ShowIs All Crypto Income Taxable? IRS Rules, Capital Gains & Audit Risks ExplainedIs all crypto income taxable? The IRS doesn’t treat every crypto move the same. Selling, trading, mining, staking rewards, and airdrops are taxable. Wallet transfers, collateral staking, and borrowing against crypto are not. But here’s the catch: if a lender liquidates your collateral, the IRS counts it as a taxable sale.Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” explains the difference between taxable and non-taxable crypto activity, what really needs to be reported, and why shortcuts on your tax return can trigger audits.Traders ask all the time: Do you need to report e...
2025-08-2605 minThe Clinton Donnelly ShowWhat Does Cynthia Lummis’ Crypto Tax Bill Really Mean for Miners & Stakers?Quick answer: It delays taxes until you sell your coins, but in many cases, you could end up paying more to the IRS, not less.👨⚖️ Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” explains why this bill matters and how it compares to current IRS rules for mining and staking. Using a $10K mining example, he shows the surprising difference between taxing coins at the moment you earn them versus when you eventually sell.💼 In this video, you’ll learn:- How the IRS currently taxes mining & staking rewards- Why does the Lummis bill change when t...
2025-08-2103 minThe Clinton Donnelly ShowCould Trump’s Tariff Plan Replace the IRS Income Tax? 🤔Trump proposed that tariffs — collected through a Department of External Revenue — could reduce or even replace the IRS’s reliance on income taxes. In this video, Clinton Donnelly explains how tariffs might bring in $1 trillion per year, why the IRS still collects over $2.5 trillion from income taxes, and whether tariffs alone could realistically fund the U.S. government. Clinton Donnelly, founder of CryptoTaxAudit and known as the Crypto Tax Fixer, breaks down:• How tariffs compare to IRS income tax collections• Why tariffs could shift the tax burden away from workers• Risks of relying on income taxes in an AI-driven economy with...
2025-08-1904 minThe Clinton Donnelly Show💵 $5M Citibank Account Closed After $1M Coinbase Transfer — Can Trump’s Order Stop Debanking?When Citibank closed a client’s $5 million account after a single Coinbase transfer, it showed the brutal reality of debanking. Donald Trump’s new executive order claims to protect political targets, but does it actually stop banks from shutting down crypto users?In this video, Clinton Donnelly explains:• What debanking is and how it happens• Why Trump’s order doesn’t fix FinCEN’s “high-risk” crypto rules• How global FATF guidance drives anti-crypto banking policies• Why cash laundering is still a bigger threat than blockchain📞 Protect your crypto & tax future:https://www.cryptotaxaudit.com/crypto-tax-consultation📚 Resources: 🔗 Official FinCEN Guidance: https://www.fincen.gov🔗 FATF Cr...
2025-08-1504 minThe Clinton Donnelly Show1099-DA, MiCA & 2025: How New Rules Will Track Every Crypto Move You Make2025 is a turning point for crypto taxation — and the reporting net is tightening. Under the EU MiCA rules and U.S. broker-dealer regulations, exchanges will start sending detailed transaction data, including wallet transfers, to tax authorities. By 2026, the IRS will receive 1099-DA forms for U.S. taxpayers, making it harder than ever to stay under the radar.In this video, Clinton Donnelly breaks down:- What new IRS & EU reporting rules mean for crypto traders- How blockchain graphing analysis tracks your wallet activity- Why private wallets aren’t invisible anym...
2025-08-1204 minThe Clinton Donnelly ShowCrypto Framework 2026 — Bo Hines, IRS, and the Fight For the Golden Age of Crypto 🏛️Is this the Golden Age of Crypto?Executive Director of Digital Assets Bo Hines shares his policy recommendations to usher in a new era for digital assets — but what’s actually in the framework, and what does it mean for your taxes?In this video, Clinton Donnelly breaks down the newly released Crypto Framework 2026 and how it could reshape IRS oversight, wallet tracking, and staking rules by 2026.What you’ll learn:• Why the wash sale rule is “a tax on stupid” (Clinton’s words)• How staking, mining, and small payments could get taxed• The IRS push to track wallets through FATCA, CAR...
2025-08-0508 minThe Clinton Donnelly ShowAre Crypto Gains Tax-Free in Portugal for U.S. Citizens? IRS Says NoAre crypto gains tax-free in Portugal for U.S. citizens? Not exactly. 🇺🇸🇵🇹In this video, international tax expert Clinton Donnelly explains how U.S. citizens are taxed on their cryptocurrency—even if they live in Portugal under the NHR regime.✅ Learn:- Whether Portugal taxes crypto gains under NHR- Why U.S. citizens still owe tax on global crypto income- How the IRS treats long-term vs. short-term crypto gains- Real examples of how to report crypto sales from Portugal- The truth behind "crypto tax-free" myths abroadEven if Portugal doesn’t tax your crypto gains, the IRS still does—and they’re watching.🧮 N...
2025-07-2937 minThe Clinton Donnelly ShowIRS 1099-DA Starts in 2026: How They’ll Track Your Crypto Wallets & TradesThe IRS is launching 1099-DA forms starting January 2026, and they’re about to change how crypto is reported in the U.S.In this must-watch video, Clinton Donnelly breaks down what the 1099-DA is, how it exposes your wallet addresses, and why failing to act could land you on the IRS’s audit radar. Whether you’re a casual investor or a DeFi power user, you need to understand what’s coming.What you'll learn:- What the IRS 1099-DA form includes (and what it leaves out)- Why your wallet transfers are no longer private- How centralized exchanges like Coi...
2025-07-1509 minThe Clinton Donnelly Show6 Crypto Tax Proposals You Need to Know 2025 (Senator Lummis Drops Digital Asset Tax Fairness Act)Senator Cynthia Lummis just dropped a major crypto tax proposal, which could shake up how the IRS handles staking, lending, tax loss harvesting, and small DeFi transactions.The Digital Asset Tax Fairness Act isn’t law yet, but if passed, it would introduce 6 new rules that every crypto investor needs to understand. Clinton from DROPS breaks down what’s smart in the bill… and what makes zero sense.Key Proposals Covered in This Video:• How staking & mining rewards would be taxed only when sold• The end of appraisal headaches for crypto donations• A win for active traders with mark-to-market options• Why...
2025-07-1006 minThe Clinton Donnelly ShowLiving in Portugal? What US Citizens Must Know About Crypto Taxes!:🛡️ Need help with your 2025 U.S. crypto tax return?Get expert support and audit defense at CryptoTaxAudit.com🇵🇹 Living in Portugal with crypto?Talk to Thomas Maas, a trusted Portuguese tax advisor with deep crypto expertise.🎧 In this episode, Clinton Donnelly of CryptoTaxAudit breaks down what U.S. expats in Portugal need to know about crypto taxes — including IRS reporting, the NHR regime, and why ignoring your U.S. obligations could be costly.👉 You’ll learn:Why U.S. expats must report global crypto incomeHow Portugal’s NHR tr...
2025-07-0803 minThe Clinton Donnelly ShowWhat’s Going on with the IRS? IRSMedic’s Anthony Parent Exposes the Truth About Tax Justice & LawTax attorney Anthony Parent (aka IRSMedic) joins Clinton Donnelly for a bold and revealing conversation about the IRS, international tax injustice, and why crypto holders should be on high alert.From FBAR penalties to the abusive power of the tax system, this episode is a deep dive into the mechanics of financial control—and how to fight back.🔥 In this episode:- Why Anthony compares the IRS to an abusive spouse- The shocking truth behind the U.S. income tax system- How the government uses foreign account penalties to extract wealth- Why international entrepreneurs and crypto investors need legal armor...
2025-07-0155 minThe Clinton Donnelly ShowWhat Is An IRS CP2000 Crypto Letter? Here’s What It Means and How to Respond 🥊Are you worried about a CP2000 letter for your crypto trades? Starting in 2026, the IRS will receive detailed 1099-DA reports from exchanges — and they’re likely to trigger thousands of CP2000 notices. These reports often show gross proceeds with no cost basis, making it look like you made massive gains even when you didn’t. Clinton Donnelly explains what to expect — and how to protect yourself.📉 If you don’t respond correctly, you could be taxed on phantom gains. Clinton Donnelly, a leading crypto tax expert, explains:- Why CP2000 letters often follow flagged walle...
2025-07-0106 minThe Clinton Donnelly ShowWhat Is IRS Letter 6174-A? Crypto Tax Warning Explained for Traders & InvestorsThe IRS is watching — and 6174-A is their first move.If you trade crypto and got this letter (or fear one’s coming), you need to understand what it really says — and what the IRS isn’t telling you. In this episode, Clinton Donnelly breaks down:🔍 What You’ll Learn:The true purpose behind IRS Letter 6174-A (hint: scare tactics)- Why calling the number on the letter is a trap- What this letter reveals about your Coinbase/Binance history- Which tax years the IRS can still audit — and which are already closed- The affordable way to monitor your IRS account wee...
2025-06-1805 minThe Clinton Donnelly ShowThink the IRS Doesn’t Know About Your Binance Trades? Think AgainThe IRS Has Your Binance Data — Here's What That Means for U.S. Crypto TradersIf you traded on Binance International, you might think the IRS doesn’t know. But they do now. Following a major settlement with Binance, the IRS has gained access to a treasure trove of account data — and they're connecting the dots fast.🚨 In this video, Clinton explains:How the IRS links anonymous Binance accounts to U.S. taxpayersWhy your wallet-to-Coinbase or wallet-to-Kraken transfers might expose youWhat kinds of IRS letters (6173 & 6174-A) are being sentReal examples from clients who’ve received themWhat to do before you respond or...
2025-06-0303 minThe Clinton Donnelly ShowTrump Tax Cuts Made Permanent? Inside the New GOP Tax Bill and Who It Leaves Out 🔍The House just unveiled a new GOP tax bill — and it’s making waves.Trump’s 2017 tax cuts may become permanent, but this bill has major implications for who benefits… and who gets left out.In this video, Clinton Donnelly breaks down what’s inside the bill, what’s missing, and how it impacts:✅ Small business owners (QBI deduction bumped to 22%)✅ High-net-worth families (gift/estate exemption raised to $15M)✅ Families claiming the child tax credit✅ Medicare access for non-citizensThe bill extends some tax breaks, but leaves out many of the boldest proposals discussed during the campaign:🚫 No tax break for overtime🚫 No Social...
2025-05-1303 minThe Clinton Donnelly ShowIRS Letters 6173, 6174, 6174-A: They’re REAL — And Thousands of Crypto Investors Are Getting Them 😱Crypto traders and investors — the IRS is watching. 🚨 Letters 6173, 6174, and 6174-A are hitting mailboxes right now.These letters are 100% real — NOT phishing scams.The IRS has been sending them since 2019, and in 2025 they’ve ramped up big time, sending out tens of thousands every month.👉 Don’t wait — get your FREE letter review today:https://www.cryptotaxaudit.com/audit-letter-review🚨 Thousands of crypto traders are receiving IRS Letters 6173, 6174, and 6174-A — and many assume they’re fake. They’re NOT.In this video, Clinton Donnelly breaks down:✅ What IRS Letters 6173, 6174, and 6174-A really mean🔍 How the IRS knows you traded crypto (even if you didn’t report it)⚠...
2025-05-0604 minThe Clinton Donnelly ShowHow Giving Crypto to Charity Can Save You Big Money on Taxes ( What If You Gift to Friends 😳)Save on Crypto Taxes by Gifting to Charity — But Here’s the Trap If You Gift to Friends 😳Looking to reduce your crypto tax bill in 2025? 🧾 Gifting cryptocurrency can be a decisive move — but only if you do it the right way.In this video, Clinton Donnelly breaks down:✅ How donating crypto directly to a charity avoids capital gains tax⚠️ Why gifting to friends passes along your cost basis (and a surprise tax bill)🧠 The rules around gift tax limits, reporting, and how the IRS views these transactions💣 Examples — including what happens when $10K in crypto is gifted vs soldWhether you're a degen...
2025-04-2903 minThe Clinton Donnelly ShowTrump, Bitcoin & The Possible IRS Shutdown: Has the Global Financial Reset Begun…?Is the U.S. about to eliminate income tax and capital gains tax on crypto?In this unfiltered conversation, Clinton Donnelly and Jamie Nuttall break down what could be the biggest shakeup in modern tax history — from the possible IRS shutdown to Trump’s rumored plan to turn the U.S. into a crypto tax haven.✍🏻 Sign up for our 2024 Tax Prep Waiting List today 👉 https://www.cryptotaxaudit.com/tax-prep-waiting-list?afmc=ytVisit 👉 https://www.cryptotaxaudit.com/1099?afmc=yt to organize your records and Safe Harbor plan.💬 Connect with Us:Have questions about explorers or crypto taxes? 👉 https://www.cryptotaxaudit.com?afmc=yt📞 Need Hel...
2025-04-0728 minThe Clinton Donnelly Show🚨 Off-Ramping This Bull Run? Smart Crypto Tax & Wealth Strategies You Need! 💸Thinking of cashing out this bull run? Don’t get wrecked by taxes or frozen bank accounts! In this episode, Clinton Donnelly talks with Sam Boyle from Caleb & Brown about the smartest ways to off-ramp your crypto profits without triggering financial nightmares💡 Key Topics:✅ How anti-money laundering laws are shutting down crypto investors✅ Why banks are flagging and canceling accounts tied to exchanges✅ The smartest ways to off-ramp without raising red flags✅ What the new 1099-DA tax reporting means for your 2024 filing✅ Wealth strategies to protect & grow your crypto gains💎 Guest: Sam Boyle Senior Broker at Caleb & Brown. For daily insights fol...
2025-02-1128 minThe Clinton Donnelly ShowExpert Reveals the Top 3 Crypto Tax Secrets to Save You THOUSANDS!✅ Get Your Safe Harbor Plan Now: https://www.cryptotaxaudit.com/1099?afmc=yt
📅 Time is ticking—act before the end of 2024!
Wrapping up 2024, we’ve received countless questions on crypto taxation, but these three stand out as the most asked:
1️⃣ Are staking rewards taxed? Learn the IRS’s stance on staking rewards and the potential implications of Revenue Ruling 2023-14. Plus, discover why some traders might choose to challenge this rule using Form 8275R.
2️⃣ How can I reduce my crypto tax burden? Find out why holding your assets for over a year could save you big with long-term capital gains rates, and why timi...
2024-12-0303 minThe Clinton Donnelly ShowBuying Crypto: Should You Use an LLC or Personal Account? 🤔Are you considering investing in cryptocurrencies and wondering whether to do it through a single-member LLC or personally? Join tax expert Clinton Donnelly as he explores the pros and cons of each approach.
Our team of experts specializes in cryptocurrency taxation and can help you accurately report your income, potentially avoiding any negative consequences.
Don't stress out about it - get in touch with CryptoTaxAudit.com today 👉https://www.cryptotaxaudit.com/crypto-tax-consultation
Let us take care of you!
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2024-07-2603 minThe Clinton Donnelly Show💼 Crypto Purchases & Taxes: Don't Overlook These Tax Rules! 🚨Ever wondered about the tax consequences of buying stuff with Bitcoin or other cryptocurrencies? In this episode, Clinton Donnelly breaks down the tax events that happen when you make direct purchases with crypto or use crypto-backed cards. Dive in to understand how capital gains play a role and get tips on managing these transactions. Perfect for crypto investors looking to stay compliant! Don't forget to like, subscribe, and leave your questions!
Taxes can be confusing and overwhelming. That's where CryptoTaxAudit.com comes in. Our team of experts specializes in cryptocurrency taxation and can help...
2024-07-0903 minThe Clinton Donnelly ShowWealth Management & Crypto Custody Strategies with Jake ClaverIn this episode, Clinton invites Jake Claver from the Digital Ascension Group to discuss wealth management strategies, digital asset custody, and long-term financial planning.
They explore the beginning of a potential bull market, insights on managing digital assets, market dynamics, tax strategies, and the growing interest from institutional investors in the cryptocurrency space.
Uncover the intricacies of advanced tax planning, estate structuring, and the art of safeguarding your assets for future generations. Whether you're a seasoned investor or just stepping into the world of digital assets, this episode is a treasure trove of valuable insights to...
2024-06-2521 minThe Clinton Donnelly ShowSenate Bill Could Open Crypto to U.S. Sanctions: National Intelligence Authorization Act EXPLAINED!Join Clinton Donnelly as he breaks down Senator Mark Warren's recent National Intelligence Authorization Act and its surprising provision for the Department of the Treasury to seize and monitor digital assets.
Clinton, a top U.S. crypto taxation expert, evaluates the Chamber of Commerce's concerns about this bill's potential overreach and lack of due process. In this detailed discussion, learn about the implications for crypto investors and the need for balanced checks and balances.
Taxes can be confusing and overwhelming. That's where CryptoTaxAudit.com comes in. Our team of e...
2024-06-2003 minThe Clinton Donnelly Show😱 How to Survive an IRS Crypto Tax Audit! | CryptoTaxAudit Pro TipsIn this episode, we are joined by Clinton Donnelly, a renowned expert in cryptocurrency taxation, as he dives into the IRS audit process, with a special focus on the rising trend of crypto-related audits. Learn how data mining flags discrepancies in tax returns, particularly for crypto investors.
Understand the necessary documents to prepare, grasp the audit timeline, and acquire essential strategies to prevent being audited in the first place. Clinton also shares real examples and introduces solutions like CryptoTaxAudit's services to help you stay ahead.
Taxes can be confusing a...
2024-06-1806 minThe Clinton Donnelly ShowShould Your Crypto Holdings Stay Private? - Key Election Issue for 2024In this episode of The Clinton Donnelly Show, Clinton discusses the increasing debate over whether cryptocurrency holdings should remain private or be disclosed to the government.
Highlighting the Biden administration's push for financial institutions to report crypto wallet holdings to the IRS, we explore the implications for crypto investors, including potential wealth taxes and regulations. He also covers the contrasting views of political figures like Robert Kennedy Jr. and Donald Trump, who advocate for cryptocurrency privacy.
Taxes can be confusing and overwhelming. That's where CryptoTaxAudit.com comes in. Our team of experts specializes in cryptocurrency taxation and can help...
2024-06-0603 minThe Clinton Donnelly Show🇺🇸 US vs 🇬🇧 UK Crypto Tax Laws 2024 - Expert Discussion & ComparisonJoin us for an expert discussion on tax laws for crypto investors in the US and UK in 2024. In this episode, Clinton Donnelly and Jamie Nuttall from Myna explore the different tax regulations in both countries.
Learn about the differences and similarities between the tax systems, from capital gains to airdrops and potential future tax implications. Stay informed with insights from two seasoned professionals. Don't miss out on valuable information that could impact your financial future as a crypto investor. Tune in now!
Taxes can be a source of confusion and stress. If you're feeling...
2024-05-1444 minThe Clinton Donnelly ShowRevolutionizing Crypto Taxes: The Clinton Donnelly and CryptoTaxAudit StoryCrypto Tax Audit is a US-based company founded by Clinton Donnelly in 2015. Our team comprises CPAs, Enrolled Agents, Forensic Accountants, and Crypto Analysts, who are not only tax experts but traders as well.
We understand the risks involved in trading, which is why we specialize in a range of services, including IRS audits, tax return preparation, crypto gain calculations, IRS resolution services, and appeals. Our primary objective is to help our members preserve their wealth.
With CryptoTaxAudit, you can invest in crypto with peace of mind. We take care of...
2024-04-1605 minThe Clinton Donnelly ShowUnderstanding Your Crypto Taxes: From Hodling 🔄 to Mining ⛏️ and Reporting Gains 💰📈This video covers the fundamental aspects, such as taxes for miners, the implications of holding cryptocurrency, and reporting gains. Clinton's expert insights provide valuable guidance and clarity whether you are a novice investor, a seasoned crypto enthusiast, or just curious about crypto taxation.
Keep yourself up-to-date with the latest tax regulations and strategies for cryptocurrency, and ensure that your investments are always tax-compliant.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can a...
2024-02-1306 minThe Clinton Donnelly Show🚨The Crypto Tax Crisis: Why Tax Amnesty is Crucial for Crypto Investors - Watch Now!This week Meta Mona and Clinton Donnelly, the president of CryptoTaxAudit, discuss the urgent need for a crypto tax amnesty. Learn how you can make a differance and protect cryptocurrency traders and investors from severe financial repercussions.
Take a stand for crypto and empower change! Support https://www.cryptotaxamnesty.org/home.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become a...
2024-01-0908 minThe Clinton Donnelly ShowWhat EXACTLY Does Coinbase Report to the IRS? 🧐 What You Need to Know in 2024 to Stay Compliant! ✅Have you ever thought about how your cryptocurrency trading affects your tax returns? The regulations and requirements set by the IRS can be overwhelming and confusing. However, by keeping yourself updated and taking a proactive approach, you can ensure compliance and avoid any tax season stress. It's essential to rectify any past mistakes and understand the important details of your 1099s. By trading wisely and staying compliant, you'll be setting yourself up for long-term success. So why not take the lead in 2024 by being compliant and confident!
Clinton will guide you through the intense debate on taxing...
2024-01-0208 minThe Clinton Donnelly ShowCrypto Staking : Everything You Need to Know About the Latest IRS Ruling 📜💰In this week's episode, Clinton looks at the latest IRS rulings on staking rewards and how they could potentially impact your digital assets. Tax reporting and regulations can be quite complex, but don't worry; we're here to simplify it for you!
Clinton will guide you through the intense debate on taxing staking rewards and provide expert advice on handling your crypto taxes like a pro. Additionally, he will cover the Jarrett case and provide insights on safeguarding your gains from unexpected taxes and penalties. So, smash that play button, and let's dive in!
2023-12-2610 minThe Clinton Donnelly ShowMaximizing Tax Benefits from Losses: A Investor's Guide!Join host Clinton Donnelly and expert trader Jamar James as they delve into the world of trading, from stocks to crypto. Discover the significance of research, risk management, and a calm mindset in trading success. 📈 This video is a must-watch for anyone interested in mastering the complexities of cryptocurrency investing and tax compliance.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become a A...
2023-12-1239 minThe Clinton Donnelly ShowNo More Crypto Tax Headaches: Simplify Your Tax Reporting for Margin Trading & DeFi 📉Join Clinton and David as they unravel tax reporting complexities of margin and DeFi trading. Discover actionable tips to track your PNL accurately, understand data discrepancies across platforms, and report your income honestly. Clinton shares insights on IRS audits and the duo discusses the limitations of relying on imported data for DeFi transactions. Equip yourself with the right strategies to handle complex audits.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy...
2023-11-1416 minThe Clinton Donnelly ShowIRS Crypto Audit: How to protect yourself!Clinton explores the complexities of cryptocurrency tax audits and the challenges of dealing with the IRS, particularly as a crypto trader. Discover the process from receiving an audit notice to contesting it in tax court, and understand the potential personal and financial strains. Whether you're an experienced trader or new to the crypto scene, equip yourself with essential insights to navigate tax hurdles better.
Now lets dive in now!
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can...
2023-11-0806 minThe Clinton Donnelly ShowCrypto in 2023: The Tax Changes That Will Impact You!The Clinton Donnelly Show, featuring experts David, Clinton, and Ben Dive deep into the intricate landscape of cryptocurrency and taxes. From the implications of the Taproot update and DeFi on Bitcoin to understanding transactions and new IRS regulations, arm yourself with crucial insights, actionable strategies, and essential tips. Whether you're a trader, a crypto firm, or just a HODLer, stay informed, protect your assets, and navigate the crypto tax maze confidently. Join us to stay ahead of the crypto curve and remember... Taxes are sexy!
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully...
2023-09-2621 minThe Clinton Donnelly Show🇺🇸 Will the USA "KILL" Crypto and DeFi? 🚫💥Hold onto your crypto wallets, folks! 🚀 In this explosive episode, we're diving deep into the IRS's newly proposed cryptocurrency regulations that are shaking the very foundation of the crypto. Join us with industry experts Clinton Donnelly,David Canedo and Ben Webber as they unpack the potential impacts and transformations the crypto industry might witness. Don't miss out on this high-stakes discussion that could redefine the crypto landscape
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete pea...
2023-09-1921 minThe Clinton Donnelly ShowThe SEC, XRP, and the Fight for Crypto Clarity: 💥 An Explosive Discussion with John E. DeatonJoin industry experts John E. Deaton and Clinton Donnelly in this must-watch episode where we dive deep into the heart of cryptocurrency regulation and the Ripple case. From firsthand experiences with government interventions to opinions on the future of decentralized finance, this discussion promises an eye-opening journey into the world of crypto securities law and taxation. Don't miss out on this exclusive update, rich with personal narratives and expert analyses that will keep you ahead of the curve in the crypto space. #CryptocurrencyInsights #SECRuling
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant...
2023-09-121h 07The Clinton Donnelly Show💼 How to Report Crypto Gains and Losses 💹 with Crypto Tax Expert Clinton DonnellyIn this episode of The Clinton Donnelly Show, we sheds light on how to adeptly navigate the complex terrain of cryptocurrency losses and gains in 2023. From understanding the subtleties of unrealized gains to devising tax reduction strategies, this comprehensive guide is aimed to assist crypto enthusiasts and investors in safeguarding their assets and optimizing their tax benefits. Don't miss out on Clinton's expert advice to traverse through this financial maze with ease and confidence! 🔍
💥Smash that like and subscribe if you're getting value! Let’s get those gains without the pains! 🚀🎯 #CryptoTax #CryptoAnalytics #TaxAudit
Don't forget to smash that like button, s...
2023-09-0518 minThe Clinton Donnelly Show🚨Crypto Tax Crisis! Navigate Gains & Avoid Audits Now!🚨In this episode of the Clinton Donnelly show, we navigate the intricate world of cryptocurrency taxes with Ben Weber, the Crypto Analytics Manager from CryptoTaxAudit. Dive deep into the nitty-gritty of gain calculations, audit defenses, and discover why the misconceptions about crypto taxes might be costing you big. We reveal the top tools & strategies for seamlessly navigating the crypto tax jungle, and drop pro tips on software selection, avoiding common pitfalls, and accurately calculating your crypto gains.
Why stress over tax when you can optimize your crypto journey? 💥Smash that like and subscribe if you're getting value! Let’s get t...
2023-08-2930 minThe Clinton Donnelly ShowCryptocurrency & Taxes: Is it lawful to pay taxes to Caesar?In this episode of the Clinton Donnelly show, we present to you the speech that Clinton gave in May of 2023 at the Thank God for Bitcoin conference. He takes a look at the often uncharted territory of cryptocurrency, taxes, and their biblical implications. This keynote from the "Thank God for Bitcoin" conference 2023 sheds light on ancient scripture, modern practices, and the merging of faith with finance. 🙏🔗
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new content. Let's dive into it! 💪🏽💸"
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise...
2023-08-2215 minThe Clinton Donnelly ShowTaxing Crypto Staking Rewards | NEW 2023-14 Ruling Explained! 🧾Struggling to make sense of the new IRS ruling 2023-14? Join Clinton as he looks into the implications for crypto staking rewards and understand the IRS's perspective. Plus, get exclusive insights on the Josh Jarrett court case and practical steps to report staking rewards. #CryptoNews #TaxOnCrypto #CryptoInsights
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new content. Let's dive into it! 💪🏽💸
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties an...
2023-08-1744 minThe Clinton Donnelly ShowInside CryptoTaxAudit Meet Kent Bowen, Your Customer Support Guru! 🤝In this episode of the Clinton Donnelly show, we dive deep with Kent Bowen, the customer service manager at CryptoTaxAudit. Explore insights from his rich career in the financial sector, discover real-life stories of crypto investors navigating taxes, and unveil hidden refund opportunities that can save you thousands. Whether you're a crypto newbie or a seasoned trader, this video is a must-watch to understand the tax nuances of cryptocurrency.
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new content. Let's dive into it! 💪🏽💸"
CryptoTaxAudit is the ultimate solution for ensuring you...
2023-08-1517 minThe Clinton Donnelly ShowCrypto Taxes Explained: Audits, Compliance & Strategies with Sarah DePino Tax Director at CryptoTaxAudit.comJoin Clinton Donnelly, a leading voice in crypto taxation, as he welcomes Sarah DePino, Tax Director at CryptoTaxAudit, for an insightful discussion on the cryptocurrency world. Together they explore the challenges and misconceptions of crypto taxes, reveal key insights from their professional journey, and share valuable advice on tax preparation, audit defense, and more. Whether you're new to cryptocurrency or a seasoned investor, this conversation is your guide to navigating the complex landscape of crypto taxes.
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new content. Let's dive into it...
2023-08-0821 minThe Clinton Donnelly ShowMaximizing Your Crypto Wealth: Tax & Security Insights!Dive into this insightful conversation between Clinton Donnelly and Jake Claver of Digital Ascension Group, as they explore the world of cryptocurrency, from cold wallets to quantum resistance. Learn key strategies to protect, manage, and grow your crypto wealth while ensuring your assets remain tax-compliant. Don't miss out on this insightful conversation!
Don't forget to smash that like button, and subscribe to stay updated when we release new content. Let's dive into it! 💪🏽💸
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and suppo...
2023-08-0116 minThe Clinton Donnelly ShowMaximize Crypto Gains with Caleb & Brown: Your Personalized Crypto Brokerage Solution!Clinton interviews Sam Boyle from Caleb and Brown Brokerage, an Australian-based company with an outstanding reputation among its US clients. Join Clinton as he explores their unique features and advantages, including their commitment to security and transparency, regulatory compliance, and their personalized approach to customer service at Caleb and Brown!
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new content. Let's dive into it! 💪🏽💸
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid co...
2023-07-2532 minThe Clinton Donnelly ShowIs It Too Late to Invest in Cryptocurrency? Insights from Linda P. JonesJoin Clinton as he explores the exciting world of cryptocurrency investing with Linda P. Jones, the renowned host of the Be Wealthy & Smart podcast. Linda takes us on her inspiring journey from Wall Street to becoming a successful podcaster and a trusted source of financial wisdom.
Discover valuable insights on cryptocurrency investments, as Linda shares her extensive knowledge and years of experience in the financial industry. Gain a deeper understanding of the opportunities and potential pitfalls in the crypto market.
Don't forget to smash that like button, subscribe, and hit the bell 🔔 to stay updated when we release new con...
2023-07-1820 min
The Clinton Donnelly ShowNavigating Crypto Taxes & SEC Regulations: Expert Insights from Attorney Garrett BrodeurIn this episode, our host Clinton and special guest, Garrett Brodeur from Kostelanetz LLP, deep dive into the taxation and digital assets. They discuss key topics such as the SEC's stance on cryptocurrencies as securities, the impact on IRS regulations, and the intricacies of current tax laws as they apply to cryptocurrencies.
The complex issue of 'staking' in the decentralized finance world is also explored, with a focus on the tax implications and potential challenges ahead. Whether you're new to digital assets or a seasoned crypto trader, this episode will enrich your understanding of the ever-evolving tax landscape in...
2023-07-1115 minThe Clinton Donnelly ShowFrom Crypto Gains to Lasting Wealth: Expert Strategies with Jake ClaverIn today's episode, we're diving deep into the world of wealth management with our host, Clinton Donnelly, and special guest, Jake Claver, Director of the Family Office at Digital Ascension Group. We're shedding light on some of the most innovative strategies in wealth management today, with a particular focus on digital assets and cryptocurrencies.
Jake will be unveiling some revolutionary approaches to family governance, ethical documents, and financial committees. But don't worry, these topics are far from boring when they could be the key to unlocking your financial success!
Don't forget to smash that like button, subscribe, and hit...
2023-07-0431 minThe Clinton Donnelly ShowUnderstanding IRS Look-through Analysis & NFTs Tax Implications 📈Join Clinton and special guest, Andrew Gordon from Gordon Law, as they delve into the complex world of NFTs and tax law. This episode covers the IRS' "Look Through Analysis," implications for NFTs as potential collectables, the challenge of defining NFTs, and the possible complications with their tax compliance.
From understanding the intricacies of tax codes to discussing the use of NFTs in IRAs and qualified retirement plans, this conversation offers deep insight into the legal aspects of NFT investments.
Remember to like, share, and subscribe for more on...
2023-06-2719 minThe Clinton Donnelly ShowHelp I'm Rich! | Wealth Management for Large Cryptocurrency PortfoliosClinton and Stefan Whitwell explore crucial topics like inheritance planning for cryptocurrency wealth, the role of self-directed Roth accounts, and alternative wealth management strategies that promise more than just HODLing. Whether you're an affluent investor or aspiring to be one, this video offers valuable insights and expert advice on managing your crypto wealth effectively.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become a...
2023-06-2050 minThe Clinton Donnelly ShowIRS vs NFTs: Are Higher Taxes Coming for Your Digital Art?
Clinton explores a controversial new IRS ruling proposing to tax NFTs as collectibles at an escalated 28% long-term capital gains rate. Alongside experienced crypto tax attorney, Andrew Gordon, he analyzes this potential change that could have a significant impact on the NFT community. Together, they unpack the definition of collectibles under the tax code, debate the tangibility and artistic qualities of NFTs, and discuss the practical difficulties of implementing such a tax. Tune in for an insightful discussion on the rapidly evolving intersection of cryptocurrency and tax law. If you're an NFT holder or interested in crypto...
2023-06-1324 minThe Clinton Donnelly ShowMastering the Dynamic Cryptocurrency Market with CoinTracking: Expert Insights on Crypto TaxesClinton Donnelly discusses with Dr. Christiane Williams, from CoinTracking, about their crypto gain calculation service, including NFT valuation, coin pricing, and blockchain migrations. They touch on regulatory challenges, Bitcoin Ordinals, and AI tools. They also cover CoinTracking's crypto transaction and tax reporting tool, mentioning AI support, European expansion, and privacy under German law. This interview is valuable for crypto enthusiasts interested in gain tracking and calculation.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly...
2023-06-0618 minThe Clinton Donnelly ShowCrypto Gain Calculation: Dr. Williams Gives Us an Exclusive Look at CoinTracking's Evolution!📊Clinton dives into the future of crypto gains calculation with Dr. Christiane Williams from CoinTracking. Join them as they unravel the dynamics of the top-tier crypto gain calculation service. Understand how CoinTracking has adapted to emerging trends such as DeFi and NFTs, and gain insights into dealing with smart contracts and diverse income classifications. A must-watch for serious crypto investors seeking smart investment management and accurate tax reporting.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can...
2023-05-3018 minThe Clinton Donnelly ShowNavigating the Crypto Tax Storm US Regulations and the Future of the IndustryClinton discusses taxes in the cryptocurrency industry with David Canedo from Glassnode to shed light on the complex issue of taxes within the crypto world. The pair delved into a range of topics, including the recent SEC crackdown on Kraken and Coinbase, Elizabeth Warren's stance against digital currencies, and the potential involvement of the IRS in Operation Choke Point. The conversation also touched on how changes in the tax code, such as those pertaining to foreign investment corporations, can impact the ever-evolving world of cryptocurrency.
CryptoTaxAudit is the ultimate solution for ensuring your crypto...
2023-05-2320 minThe Clinton Donnelly ShowCrypto and Taxes Q&A: What You Need to Know to Stay Ahead of the GameClinton is joined by Liam, the client manager at CryptoTaxAudit, to delve into the latest crypto tax regulations and provide answers to your burning questions. From the recent executive order by the Biden administration to the impending deadline for recommendations on tax laws and SEC laws, there's a lot of ground to cover. Clinton also shares his valuable insights on potential major regulations, such as the treatment of CBDCs and the taxable events associated with adding and removing liquidity on Uniswap. Whether you're a crypto investor seeking expert tax advice or simply concerned about IRS audits, this discussion is...
2023-05-1613 minThe Clinton Donnelly ShowCBDC & ChatGPT: Changing Tax, Transactions, AI, & Crypto!Clinton and David Canedo discuss the rising popularity of AI in industries like cryptocurrency. They explore the potential of ChatGPT-4, a language for AI, to revolutionize programming and make crypto trading more efficient. They also touch upon the impact of CBDCs on the financial industry and the tax challenges faced by crypto traders. The episode emphasizes the importance of understanding and leveraging AI in today's tech-driven world.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid...
2023-05-0915 minThe Clinton Donnelly ShowProtect crypto investments from hacks and scams! Claim tax deductions for losses! 📈Clinton delves into the world of investment losses and how they can impact your crypto taxes. He covers three main types of losses, including Capital Loss, Worthless Securities, and Theft Loss, explaining the unique limits and benefits of each. Using cryptocurrency investment as a specific example, Clinton provides insights into the tax implications of each type of loss. Additionally, he discusses the Bernie Madoff procedure, which simplifies the process for investors to claim a Theft Loss. If you're a crypto investor looking to gain a better understanding of investment losses and their tax implications, this video is a must-listen.
2023-05-0211 minThe Clinton Donnelly ShowExpert Insights on Government Regulations and Taxes for NFTsClinton interviews David Canedo, Head of Tax and Compliance Strategy at Accointing by Glassnode, discussing the challenge of classifying the tax nature of crypto transactions, particularly with NFTs. They explore methods such as analyzing total users, TVL, smart contracts, and patterns to find scalable solutions in the rapidly evolving crypto landscape. The interview highlights the complexity of classifying taxable sales, income, or non-taxable exchanges in the expanding world of Dapps and blockchains.
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance...
2023-04-2529 minThe Clinton Donnelly ShowIRS Targets Crypto! The High Stakes Game of Hide and Seek That Could Cost You Everything 📈Clinton explores two main approaches that the IRS uses to enforce digital asset compliance: audits and criminal enforcement. In the first approach, the IRS determines who to audit, in part, based on whether taxpayers report as much income on their tax returns as the IRS knows about, since crypto exchanges and brokerages in the U.S. report all transactions to the IRS each year. The second approach is criminal enforcement, where the IRS goes after taxpayers who didn’t report their crypto income at all or who omitted crypto income on their tax returns. Proving criminal intent isn’t very...
2023-04-1809 minThe Clinton Donnelly ShowOperation Choke Point 2.0: Is the IRS About to Join the Fight Against Crypto?Clinton raises the possibility that recent regulatory actions against the crypto industry could be part of a larger plan to regulate or even kill off crypto investing in America. He discusses the IRS treating cryptocurrencies as securities under tax law, which would be consistent with the SEC's current enforcement of securities law on cryptocurrencies. Clinton also presents several potential impacts including the loss of tax deductions, higher taxes, and the discouragement of crypto investors.
✍🏽 Join The Crypto Tax Amnesty Initiative
👉 https://www.cryptotaxamnesty.org
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2023-04-1111 minThe Clinton Donnelly ShowAre Cryptos Securities or Not?Clinton discusses the two private letter memorandums issued by the IRS’ chief counsel office in January 2023 regarding the treatment of cryptocurrencies for taxation purposes. He explores the definition of the term "security," which is a term of art and has a specific meaning in the tax code, and he notes that the definition of "security" is not applicable to cryptocurrencies. However, he also points out that terms such as "share of stock in a corporation" are also terms of art and defined in a different section of the tax law. Therefore, it is important to consider the specific context in...
2023-04-0415 minThe Clinton Donnelly ShowTime to Increase the Capital Loss LimitationClinton explores the topic of whether the current tax break limit for capital losses should be changed. He proposes that Congress increase the capital loss limitation in code section 1211 to $15,000 starting this year (versus the current $3,000 limit), retroactively and inflation adjusted thereafter. He explains how capital gains and losses are taxed, and the annual limit on the amount of capital loss that can be deducted. The distinction between short-term and long-term investments and the reasons behind the limit on losses are also discussed.
✍🏽 Join The Crypto Tax Amnesty Initiative
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2023-03-2809 minThe Clinton Donnelly ShowHow to Reduce Your Taxes by Reporting Crypto TheftsClinton discusses how cryptocurrency theft losses (thefts, rug pulls, and scams) can be claimed to reduce tax bills. By claiming theft losses, investors can itemize deductions and save money on their taxes, even if they lost money due to closures of exchanges. However, claiming theft losses can be difficult as investors must prove the asset was taken with criminal intent, which can be challenging to prove. In the case of the FTX exchange collapse, its CEO Sam Bankman-Fried was indeed criminally charged, opening the door to claiming this provision, sometimes known as the Madoff provision.
2023-03-2110 minThe Clinton Donnelly ShowTax Amnesty NeededClinton discusses the issue of tax non-compliance among US crypto investors. Despite the IRS Commissioner's announcement that the IRS could bring in another $1 trillion if given additional funding, there are many crypto investors who haven't paid taxes on their crypto income, leading to a $46 billion increase in funding for digital asset enforcement. This problem is most prevalent among taxpayers aged 18 to 44. The cause of this epidemic of non-compliance is mainly ignorance and confusion. Non-compliance can lead to severe fines or criminal prosecution, so it's essential to address the issue now as the IRS is collecting data on taxpayers from 2016...
2023-03-1416 minThe Clinton Donnelly ShowWhich Crypto Tax Calculation Service is Most Accurate?Clinton compares the accuracy of various crypto tax calculation services, including Accointing, Bitcoin.tax, CoinTracking, CoinTracker, CoinLedger, CoinPanda, CryptoTaxCalculator, Node40, Ledgible, TaxBit, TokenTax, and ZenLedger. His team benchmarked these services using centralized and decentralized exchange data and discovered significant differences in their calculations. He also presents his team's results which offer insights into the differences between the services and the methodologies they use to interpret transaction data. Clinton cautions that none of these services promise accuracy or defend their clients in IRS audits.
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2023-03-0126 minThe Clinton Donnelly ShowCrypto Tax AMAThis live-streamed AMA video aired on March 14, 2023. Hosted by Meta Mona, Clinton Donnelly answers the top questions this tax season, including how to account for crypto theft losses (such as FTX, Celsius, and BlockFi), how to handle NFT and Play2Earn tax calculations, and US expatriation options to reduce or eliminate your crypto taxes. #TaxesAreSexy
💎 Guest: Meta Mona
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2023-03-0154 minThe Clinton Donnelly ShowIRS Enforcement Methods on Crypto InvestorsClinton discusses the IRS enforcement methods used for crypto investors, who are seen as wealthier taxpayers. The IRS received $46 billion in funding from Congress to enforce tax compliance laws for digital asset owners, with a potential to harvest an additional $1 trillion in revenue. The 22 million non-compliant taxpayers are divided into three categories: puny investors, hiders, and deniers. Arm yourself with the information you need to know as a crypto trader or investor before the IRS comes knocking.
✍🏽 Join The Crypto Tax Amnesty Initiative
👉 https://www.cryptotaxamnesty.org
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2023-02-2815 min
Bitcoin.com News InterviewsClinton Donnelly, CEO of Donnelly Tax Law | Bitcoin Tax Strategy, Crypto Compliance & Blockchain Regulation | Bitcoin.com InterviewsClinton Donnelly, CEO and founder of Donnelly Tax Law, joins Dustin Plantholt on Bitcoin.com Interviews to break down everything Bitcoin traders, investors, and crypto businesses need to know about taxation, accounting, and compliance in the digital asset era.Known as “The Crypto Tax Fixer,” Clinton specializes in Bitcoin and cryptocurrency tax law, helping users navigate complex reporting requirements, audits, and global regulations. In this discussion, he explains how blockchain transparency interacts with existing legal frameworks, what traders can do to stay compliant, and how tax strategy can optimize crypto gains while minimizing risk.💡 In this ep...
2020-11-0327 min
Stephan Livera PodcastSLP183 Dennis Wohlfarth & Clinton Donnelly – Bitcoin Tax StrategiesDennis Wohlfarth of Accointing & Clinton Donnelly of Donnelly Tax Law join me to talk about Bitcoin tax treatment, and strategies to minimise tax. We chat about:
Current tax treatment
Capital Gains Tax
Record keeping
Tax strategies locally
Tax strategies for those willing to go overseas
International competition
Links:
Accointing: www.accointing.com (ref link – 10% discount)
Donnelly Tax Law: Donnellytaxlaw.com
Accointing Twitter: @accointing
Dennis Twitter: @WohlfarthDennis
Clinton Twitter: @cryptotaxfixer
Sponsors:
Swan Bitcoin
Unchained
Stephan Livera links:
Show notes and website
Subscribe on YouTube: @stephanlivera
Follow me on twitter @stephanlivera
Subscribe to the podca...
2020-06-1858 min
Life, Love, and Coffee with Paul JordanTaxes are Sexy! With Special Guest Clinton DonnellyIn this episode, Clinton brings us up to speed on why we should learn to do our own taxes.
Clinton Donnelly is an Enrolled Agent with an advanced law degree specializing in the international laws of financial regulation including taxation. He specialized in income tax preparation and problem-solving. He has a focus on the unique anti-money laundering and tax reporting needs of crypto traders and Americans abroad.
At Donnelly Tax Law, we are specialists in going back and repairing prior tax returns where the cryptos have been misreported. We have done over 1000 tax amnesty returns as...
2020-05-1843 min
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed TechnologiesClinton Donnelly: Bitcoin & Crypto Taxes – What Every US Taxpayer Needs to Know (sponsored)Income tax. Not a particularly exciting topic, especially when it comes to paying them. But something we all need to deal with nevertheless. We are all (or at least should be) aware of what our personal tax returns entail. But are you fully aware of the implications holding crypto can have on your tax filing?Clinton Donnelly, Founder of CryptoTaxAudit has done hundreds of tax returns for US citizens, both domestic and expatriated, and is an expert when dealing with filing crypto and Bitcoin taxes. He is also an Enrolled Agent, which means he meets the requirements...
2020-02-2846 min
The Charlie Shrem ShowCrypto Tax Amnesty? CPA Clinton Donnelly Shares Critical Insights on How to Talk to the IRS and Filing Your Crypto Taxes RightClinton Donnelly, the Crypto Tax Fixer, joins Charlie Shrem on this week’s episode of Untold Stories. They begin by discussing a new question on this year's IRS forms asking everyone if they have owned, sent or received any crypto transaction. Clinton explains the importance of the question, potentially setting up the filer for past audits. Charlie and Clinton talk about big fish vs small fish and how the IRS will approach different filers. Clinton gets into the issue of a critical question on the IRS tax form regarding foreign exchanges. He explains how to deal with it, how to...
2020-02-1856 min