S3E3 - Understanding New Crypto Reporting Requirements with Phil Gaudiano
Welcome to another insightful episode of "From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets." Today, host Taylor Zork, CPA, is joined by Phil Gaudiano, co-founder of Chainwise CPA and Chainwise Crypto Academy. In this episode, Phil dives deep into the upcoming 1099 reporting requirements slated for 2025, stemming from the 2021 infrastructure bill. He discusses the impact these will have on centralized and decentralized crypto actors and how the new form 1099 DA could complicate the process for taxpayers. Phil also sheds light on the challenges associated with wallet-by-wallet reporting and the shift from a universal perspective to individualized reporting. As the year-end approaches, Phil shares strategies for tax loss harvesting and charitable giving to mitigate tax liabilities. Tune in to gain valuable insights and prepare for the evolving landscape of crypto tax regulations.
Visit https://cryptocfos.com/ to kickstart your career in Web3 Tax & Accounting and join our community for FREE.
Visit https://cryptocfos.com/ to kickstart your career in Web3 Tax & Accounting and join our community for FREE.
Creators and Guests
Producer
Brandon "Bova" Santiago
Helping finance pros build and grow their practice in the $5B tax / accounting Web3 space.
Producer
Brian Whalen CPA
Here for #TaxTwitter. Cannabis & #CryptoTax for fun, Blaise’s Dad, Veteran of Nuclear Navy, #CPA firm owner, Cannabis Landlord
Producer
CryptoCFOs
Teaching you to navigate the complex and evolving DeFi and crypto landscape to level up your tax or accounting practice.
