The IRS Is Coming for Your Crypto. Here's What You Need to Know. Tax season is upon us, and if you're unsure of how this affects your crypto wallet, then you need to see this.

By Entrepreneur Staff Originally published

Tax season is here, and if you've had any transactions related to crypto, there is a lot you need to know. In the above video, tax attorneys Mark J. Kohler and Mat Sorensen break down some vital information you need to protect your assets and avoid penalties. Kohler and Sorenson discuss:

  • Capital gains strategies
  • The IRS stance on cryptocurrency taxation
  • Trading Crypto tax strategies
  • Staking and Defi tax strategies
  • Crypto mining tax strategies
  • Trading crypto tax-free with an IRA or 401k

More about the speakers:

Mark J. Kohler is a CPA, attorney, co-host of the podcast "Refresh Your Wealth", and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. Kohler is also the author of The Tax and Legal Playbook, 2nd Edition and The Business Owner's Guide to Financial Freedom.

Mat Sorensen is an attorney, CEO, author, and podcast host. He is the CEO of Directed IRA & Directed Trust Company, a leading company in the self-directed IRA and 401k industry and a partner in the business and tax law firm of KKOS Lawyers. He is the author of The Self-Directed IRA Handbook.

Wavy Line
Entrepreneur Staff

Entrepreneur Staff

Editor

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
Lock
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
Lock
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
Lock
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success

Related Topics

Leadership

4 Ways CEOs Can Overcome Decision Fatigue

Here are four tried-and-true methods to combat decision fatigue.

Health & Wellness

8 Mental Health Habits Every Entrepreneur Should Be Practicing

If you want to avoid burnout and live a healthy, yet still productive life, it's important to make your mental health a priority.

Growing a Business

How to Build a Thriving Community That Will Skyrocket Your Business

Build a strong community, and transform your business with these proven strategies.

Business News

'Do You Hate Me?': High School Teacher Shares Wild Emails He Receives From Students

Jordan Baechler teaches high school students in Ontario, Canada.

Business News

Hedge Fund Pays NYC Interns $20,000 a Month on Average, Sent to Lavish Palm Beach Kickoff

Citadel is known for its over-the-top parties and company retreats.