Starting with the 2025 tax year, the IRS is officially turning on a new spotlight for digital assets: Form 1099-DA. If you use centralized exchanges, hosted wallets, or payment processors to buy, sell, or spend crypto, you can expect this new form to land in your inbox in early 2026—along with a lot more attention […]
New to crypto tax terms? Explore our quick-reference Crypto Tax Glossary for Business Owners to understand key concepts before diving in. 2025 has been a big year for cryptocurrency. If you’ve held Bitcoin or other digital assets through new highs, your portfolio might look great on paper—but that also means a bigger potential tax bill. […]
The $740,000 Crypto Scam: What Happened Can You Owe Taxes on Money Lost to a Crypto Scam? Short answer: Yes. Crypto scam tax consequences can be devastating. The IRS can hold you liable for taxes and penalties on retirement funds lost to fraud, even if you never received the money. Here's a real case that […]
This Crypto Tax Strategies for Business Owners Guide is built for business owners who want to understand Bitcoin and cryptocurrency from a tax-savvy perspective. Below is the full summary content from our PDF guide, shared here for easy reading. You can also download the PDF version at the end of this post. This guide gives […]
Our Bitcoin Demystified event closed with a live Bitcoin Q&A for business owners. Attendees asked about mining costs, HSAs, estate planning, trusts, security, IRS compliance, and more. Below are highlights from James, Eric, Corey, and Laura’s answers—focused on what entrepreneurs need to know. How much does it cost to start mining Bitcoin? Eric Rice: A […]
Bitcoin tax efficiency for business owners is about turning IRS rules into opportunities. At our Bitcoin Demystified event, I connected all the pieces—mining, investing, holding, and donating—into a tax strategy framework. Here are the core moves business owners can use to protect profits, reduce taxes, and build long-term wealth with Bitcoin. Holding Bitcoin Long Term […]
Bitcoin IRA strategies allow entrepreneurs to use their retirement accounts to hold Bitcoin in a tax-advantaged way. At our Bitcoin Demystified event, Corey Daharsh of Advanta IRA explained how self-directed accounts (SDIRAs and Solo 401(k)s) work, why so few people know about them, and the practical steps business owners can take to compliantly invest in […]
Bitcoin mining tax deductions are an overlooked opportunity for entrepreneurs. At our Bitcoin Demystified event, Eric Rice, Co-Founder and VP of Sovrn Capital and host of The Rice Report, broke down Bitcoin mining in plain English—what it is, how it works, and why it matters. In this post, we recap his key insights and then […]
When it comes to Bitcoin basics for business owners, the conversation can’t stop at how the system Bitcoin basics for business owners go beyond technology—they’re about understanding money, risk, and strategy. In this session from our “Bitcoin Demystified” event, James Lavish (Managing Partner, Bitcoin Opportunity Fund; author of The Informationist) lays out a clear framework […]