Form 1099-K: What Cryptocurrency Investors Need to Know
The IRS has demonstrated it intends to enforce existing 1099 reporting rules on cryptocurrency exchanges, but it has not followed up by providing clarity regarding those rules. For instance, trading platforms might have to send 1099-B forms to users who…
Sandbox Authorizes Crypto Asset Payment System Crypto Garage
The Japanese Cabinet Office’s Regulatory Sandbox, which temporarily halts regulations and implements new technologies and business models in society, has recognized a new crypto asset payment system development project by Crypto Garage, Inc., it announced on January 18. Crypto Garage…
Value of Money: Yesterday, Today and Tomorrow
In order to estimate the value of money, it is important to realize the meaning of the concept “money” and its main intended use. The history of money… “Moneta” is a Latin word for coins, which later transformed into what we…
WHAT INVESTORS DON’T KNOW ABOUT TRACKING CRYPTOCURRENCY FOR TAXES AND HOW IT WILL HURT THEM
Here at Camuso CPA, we offer a wide array of tax and accounting services for cryptocurrency investors and traders including tax preparation, tax planning and portfolio reconciliations. How It Works How you report the cryptocurrency transactions will depend on how…
So, what happened at 6k?
$6,000 was an important level to a lot of people. That is why it held for so long. Miners, crypto hedge funds, ICO’s. They all were relying on the price to hold and stabilize at that level and when it…
Major Japanese Finance Firm Monex Group to Expand Business in the U.S. in 2019
TradeStation Group, Inc., a subsidiary of the major Japanese internet securities firm Monex Group, Inc., will enter the cryptocurrency market in the United States in 2019 through TradeStation Crypto, Inc., its own subsidiary. TradeStation Crypto announced that it plans to…
Where to Invest Your Bitcoin Profits Online
When trades are going well and profits are flowing in, it may be enticing to spend your earnings and treat yourself. Nobody should blame you if you do, but investing some of that money and making even more cash without…
Blockchain, AI, NLP and Other Tech Trends for 2019
It’s hard to keep track of everything that’s been going on in the fast-developing tech world. There was a burst in chatbots you can get in bot stores, development and implementation of AI into our offices and homes, advancement of…
UNITED KINGDOM ISSUES CRYPTOCURRENCY TAX GUIDANCE
Here at Camuso CPA, we offer a wide array of tax services for cryptocurrency investors including tax preparation and tax planning. Financial service companies are transitioning from employee driven revenue models to information driven revenue models. Camuso CPA strives to deliver…
Will Japan’s FSA Apply the Financial Instruments and Exchange Act to Investment Funds that Use Cryptocurrency?
Japan’s Financial Services Agency (FSA) has solidified its position regarding applying the Financial Instruments and Exchange Act to the collection of investment funds in cryptocurrency, according to a January 8 report by the Sankei Shimbun, a major Japanese newspaper. The…