Tax Time 2022 with Clinton Donnelly

Tax Time 2022 with Clinton Donnelly

Tax Time 2022 with Clinton Donnelly

Gather round all ye citizens of these United States of America. Once again, the taxman is about to come calling on you to render under Caesar that which is Caesar’s even if it is at the point of a gun.  That’s right, April 15th is looming and it’s time to pay your taxes… or file your extensions.

In episode 595, we are pleased to welcome CPA Clinton Donnelly back to the show for his 3rd appearance, to provide us with the latest from the crypto tax law landscape. We talk about the crypto executive order, an important Tezos staking case, NFTs, Defi, and more.

So consider this your 1099 for episode #595 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

SHOW SPONSOR:

CryptoTaxAudit (CryptoTaxAudit.com) is a monthly membership service.  We have a basic membership with breakthrough technology alerting crypto members as much as six months in advance if flagged for an IRS audit.  We have a second membership, which provides insight into everything the IRS knows about you.  And a third premium membership providing top audit defense specially designed for crypto owners’ needs. Visit our website to find out more at CryptoTaxAudit.com.

CryptoTaxAudit is the only tax audit defense service designed for crypto owners.

FEATURED GUEST:

Founder of Donnelly Tax Law, Clinton Donnelly, the Crypto Tax Fixer, solves complex US tax problems for crypto traders and Americans with assets abroad. With clients in 50 countries, Clinton Donnelly has prepared over a thousand tax amnesty returns.  He has one of the few crypto tax law firms with experience defending crypto returns at an IRS audit.  Clinton is currently defending 16 people against the IRS for their crypto tax returns.

Because of this unique audit defense experience, he goes beyond preparing a crypto tax return to anticipating how the IRS will select returns to examine for crypto traders. He includes the anti-money laundering reports and other advanced techniques to avoid audits and examinations.  Clinton will prepare the type of bulletproof crypto tax return you’d wish you had if you knew you were getting an IRS audit.

If you receive an IRS letter about how you reported your crypto transactions, you will need crypto tax law experts. We have three memberships to choose from that can help before you receive an audit letter!  Our premium membership is like an insurance policy protecting you from the huge expense of defending yourself.  

CryptoTaxAudit (CryptoTaxAudit.com) is a monthly membership service.  We have a basic membership with breakthrough technology alerting crypto members as much as six months in advance if flagged for an IRS audit.  We have a second membership, which provides insight into everything the IRS knows about you.  And a third premium membership providing top audit defense specially designed for crypto owners’ needs. Visit our website to find out more at CryptoTaxAudit.com.

CryptoTaxAudit is the only tax audit defense service designed for crypto owners.



Disclaimer


 

Tracking Altcoins with Richard Fetyko of altFINS

Tracking Altcoins with Richard Fetyko of altFINS

Tracking Altcoins with Richard Fetyko of altFINS

It was in 2017 during the ICO craze that this podcast was birthed. We’re not the only ones who jumped into the crypto madness four years ago. In episode 544, guest Richard Fetyko also saw the potential for blockchain around the same time. As the CEO of altFINS, Richard has built an online platform for screening and analysis of cryptocurrencies. The more you know the better you can trade. Become a better trader today on episode #544 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

SHOW SPONSORS

Do you want to Earn more on your crypto? Look no further. When you invest your digital assets with Matrixport’s one-stop financial platform app, you can choose from dozens of innovative investment products. Earn, save, trade & invest in one place. Learn how easy it is to earn 30% annualized yields on USDC. Download the Matrixport App now to earn 30% APY on USDC. Download the App today at badco.in/matrixport

FEATURED GUEST

Mr. Fetyko is a Founder and CEO of altFINS (https://platform.altfins.com/), an online platform for screening and analysis of cryptocurrencies.  He spent 14 years on Wall Street as an equity research analyst at investment banks like Janney Montgomery Scott, covering Internet and Tech sectors, and then 7 years as a portfolio manager at a family fund Twin Capital.

During his Wall Street career, Mr. Fetyko was ranked among top analysts for his coverage of the Internet:

Mr. Fetyko caught the crypto bug in 2017 during the ICO craze. Frustrated with a lack of robust analytical tools that he was used to working with (Bloomberg, etc.), he decided to develop one. altFINS launched in Beta last year and recently went live.

While many platforms focus on trade execution, liquidity, best price, etc, altFINS is unique in that it focuses on pre-trade analytics and workflow. It helps active crypto traders scan the market for trading ideas and create investment strategies.

It’s the only tool that uses AI to automatically detect chart patterns with predictions.

Links Mentioned in show: 



Disclaimer


Talkin’ Tokens with Teeka Tiwari

Talkin’ Tokens with Teeka Tiwari

Talkin’ Tokens with Teeka Tiwari

Bitcoin and crypto geniuses seem to be popping up all over the place.  That’s what happens whenever there is a bull run.  All of a sudden, everyone including your mom becomes a crypto expert. But there are some analysts who have stood the test of time.  One such person is Teeka Tiwari.  Founder of the Palm Beach Letter, a former hedge fund manager and Wall Street executive, he’s widely considered one of the world’s premier cryptocurrency analysts. 

We have the privilege to be joined by Teeka today for an informative, insightful and downright fun interview. You’re guaranteed to learn something or we’ll refund every penny you paid us for this free episode. 

What doesn’t kill Bitcoin only makes it stronger. You’ll discover how it is the OG honey badger on episode #517 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

SHOW SPONSORS

Animoca Brands -- The global leader in branded blockchain gaming

Animoca is working to revolutionize the gaming industry with huge hits such as F1 Delta Time, Gamee, The Sandbox, Crazy Defense Heroes, and tons of other ones in the works! If you’re a gamer or just interested in knowing what Animoca Brands is up to go check them out today!

Check it out at Animoca Brands!

What if there was a platform that let you take control of all kinds of investment opportunities? PrimeXBT offers crypto trading, commodities, stock indices, and even foreign currencies! 

Let PrimeXBT be your one-stop shop for all of your trading needs. Check them out at PrimeXBT and get a 50% bonus on your first deposit! Remember to use the promo code “badcryptopodcast

FEATURED GUEST:

Teeka Tiwari is the Executive Chairman Strategy Board at Defi Technologies, a company aiming to become the world leader in offering services built upon Decentralized Finance. Teeka’s impressive track record of cryptocurrency market analysis has positioned him as a trusted source for market predictions through his newsletter The Palm Beach Letter.

Teeka Tiwari is the editor of The Palm Beach Letter, small-cap and cryptocurrency advisory Palm Beach Confidential, Teeka Tiwari’s Alpha Edge service, Palm Beach Venture, and Palm Beach Crypto Income. 

A former hedge fund manager and Wall Street executive, he’s widely considered one of the world’s premier cryptocurrency analysts. 

Teeka epitomizes the American dream. Growing up in the foster care system in the United Kingdom, Teeka came to the United States at age 16 with just $150 in his pocket and the clothes on his back. By 18, he had become the youngest employee at Lehman Brothers. Two years later, he shattered conventions by becoming the youngest vice president in the history of Shearson Lehman. 

In 1998, he made a small fortune going short during the Asian crisis. But then, he “got greedy” (in his own words) and hung on for too long. Within a three-week span, he lost all he had made – and everything else he owned. He was ultimately compelled to file personal bankruptcy. 

Two years after losing everything, Teeka rebuilt his wealth in the markets and went on to launch a successful hedge fund. After these events, he developed a newfound appreciation for risk. He made risk management his No. 1 priority. Today, Teeka’s personal mission is to help teach individual investors how to grow their money safely. 

Teeka has been a regular contributor to the FOX Business Network and has appeared on FOX News Channel, CNBC, ABC’s Nightline, The Daily Show with Jon Stewart, and international television networks.

CONNECT:



Disclaimer


Dalio Says “Bitcoin Over Bonds” – Bad News For 5/26/21

Dalio Says “Bitcoin Over Bonds” – Bad News For 5/26/21

Dalio Says “Bitcoin Over Bonds” – Bad News For 5/26/21

Another Bitcoin critic has seen the light as Billionaire Ray Dalio has stated he prefers Bitcoin over bonds. Hey, we’ll take it. The US Treasury is calling for stricter cryptocurrency compliance with the IRS. And Elon Musk says he won’t sell his Dogecoin. 

Around the world, China is doing what China does. Canada is doing what Canada does.  And Iran is doing what Iran does.  So what are they doing?  We’ll fill you in on all the stuff and some of the things lightly seasoned with laughter, making this episode just shy of unlistenable,  on our bad news episode #516 of The Bad Crypto Podcast.

SHOW SPONSORS

 

AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

 

Gala Games is here to fundamentally redefine both the gaming and blockchain spaces. The first game released by Gala Games, Town Star, is a deceptively simple-looking but incredibly deep farming simulation in which the user builds a farm to compete in weekly competitions. At various places, NFTs can be used in the game to provide bonuses but are not required to play, have fun, or compete.

Mirandus, the MMORPG/Adventure Simulator currently under development by Gala Games is working to completely redefine both the game development pipeline, as well as the gameplay model by putting the power in the hands of the players and giving them ultimate control over the in-game economy. There is a LOT more coming for Gala Games node holders, so make sure to keep in touch, watch the Discord (http://galagames.chat) and get ready for more interesting news! Follow Gala Games on Twitter, Facebook, or Instagram (@GoGalaGames)

Join us: https://gala.games/badcrypto/

 

In the world of crypto, it can be hard to know what information is good, and what is just useless and not needed for the regular everyday investor. With so many wallets, exchanges, apps, and platforms it’s tough to know where to turn to for a trusted solution. That's where Ledger comes in. Ledger makes your experience navigating the crypto waters easy. 

Ledger is the gateway for all crypto services that you might need: buying, selling, exchanging. Now you can grow your assets how you want to from one app! The Ledger hardware wallet combined with the Ledger app enables you to securely and truly own your crypto and gives you the comfort of managing it all in one place! 

You know what they say, not your keys, not your crypto!

Save 20% off Ledger Nano S with the code BADCRYPTO20 (Limited quantities & only 1 per customer)

Grab your Ledger at http://badco.in/ledger

These are volatile times for Bitcoin but we end the week only a touch below its starting position, with the price around $39,000. Some analysts see the occasional peeks over $40,000, a decline in funds sent to exchanges, and a fall in the network value-to-transaction signal as signs that the sell-off has ended. Wall Street is still trying to figure it all out.

Goldman Sachs is persuaded. Mathew McDermott, Goldman Sachs’ global head of digital assets, now regards Bitcoin as an investable asset. Ray Dalio, the billionaire hedge fund manager, agrees. He says he’d rather buy Bitcoin than bonds. And the US Treasury now regards cryptocurrency as something the tax authorities really need to watch more closely. It wants any transfer worth more than $10,000 to be reported to the IRS.

That won’t affect users of BlockFi. The crypto lending platform intended to give away bonuses in a USD stablecoin. Instead, it handed out Bitcoin. It gave away about $29 million. As the company tries to grab its money back, users are struggling to make withdrawals.

It also won’t affect Elon Musk. Despite Tesla’s U-turn on Bitcoin payments, he says he won’t sell any Dogecoin. In fact, it’s possible that he just bought some more. A Doge whale with a holding of $15 billion just added 420.69 more Doge to their collection.

But despite the obvious joke, that purchase might not be Elon Musk’s. A report by the Economist Intelligence Unit describes how acceptance of digital currencies grew generally during the Covid-19 pandemic.

That acceptance continues, though not uniformly. The state of Nebraska can now issue charters for crypto banks. But China is now rolling out new penalties for people caught mining cryptocurrencies in Inner Mongolia. Iran has banned mining until September 22 to try to stave off electricity blackouts. The UK’s Advertising Standards Authority, which regulates ads in the country, has banned a campaign by cryptocurrency exchange Luno. The calls to buy Bitcoin, the authority said, were misleading and irresponsible. And in Canada, regulators have accused Poloniex of failing to comply with securities laws. Jed McCaleb, Ripple’s former CTO and co-founder, also appears to now have a negative view of his cryptocurrency. He’s sold 275 million XRP since early May.

But Apple, at least, is positive. The company has posted a job ad that requires at least five years’ experience with digital wallets and cryptocurrency. And as cryptocurrency moves with Apple into the mainstream, it’s also raising some mainstream problems. Lawyers now have to track down secret wallets during divorce proceedings. They might want to watch CoinTelegraph’s new documentary. It looks at the history of cryptography.

In the world of NFTs Gamestop appears to be launching a new NFT project using Ethereum, and wallet company Lohko has launched gold-backed NFTs with attached carbon offsets. Find out more on the Nifty Show every Tuesday.

ARTICLES MENTIONED IN THE SHOW:

CoinTelegraph — Should personal privacy be limited for the sake of public safety? Find out the roots of this conflict in our upcoming documentary on the History of Cryptography. Save the date: 28 May 1 PM EST. Watch the teaser: https://www.youtube.com/watch?v=TuH14lUjyZo

LISTENER FEEDBACK:

Comments from Last Weeks Bad News — badco.in/514

MartinI was listening to this episode on headphones while cycling home yesterday and was laughing so hard, I got stopped by the police and had to explain why I’m cycling and laughing loudly (not to mention the stares of other cyclists). Thanks, guys!



Disclaimer


Bringing Crypto to the Masses with Crypto Wendy O

Bringing Crypto to the Masses with Crypto Wendy O

Bringing Crypto to the Masses with Crypto Wendy O

Here at the Republic of Bad Cryptopia embassy, Travis and I are but two humble blockchain and crypto enthusiasts seeking to bring you news and entertainment. And let’s face it, two middle-aged guys telling bad dad jokes aren’t everyone’s slice of pie.  So it’s a good thing that there are other ambassadors who appeal to unique audiences.

Crypto Wendy O is one such content creator and we’re pleased to welcome her to the show today. With over 25,000 YouTube subscribers, The O Show releases daily content and provides a unique perspective to this space that we love so much. What happens when Bad Cryptopia meets the O Show? It’s the “Bad Crypt-Oh No You Didn’t” episode #489 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

SHOW SPONSOR

 

AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

ChainGames 

Battle against the rest of the world with your favorite crypto projects and characters in this blockchain-enabled kart racing game available for Windows, Mac OS, Linux & Android. Supporting real crypto payouts for multiplayer racing, battle mode, rocket league and capture the flag, are you sure you have what it takes to be #1? The competition is fierce!

HODLCommunity uses altruistic tokenomics and algorithmic finance to offer reliable growth that’s mathematically based on time and transactions. Joining the HODLCommunity means joining progressive thinking individuals excited about a sustainable DeFi economy.

HODLCommunity assets are built on predictable growth, which removes volatility and manipulation. Their ledger-agnosticism and cross-chain compatibility attract a wide range of community members, merchants, and business initiatives to achieve mass adoption without the end-user having to understand ‘crypto’ or yield finance.

FEATURED GUEST: 

Crypto Wendy O

I offer a variety of organic and transparent marketing, business development, brand building, PR, consulting, media solutions, and professional event planning services to worthwhile projects in crypto. I have worked with over 100 companies since 2018 and have successfully drawn attention to their products thanks to my large network and partners.
In late 2017, it finally clicked, and that’s when I understood the power of cryptocurrency and blockchain technology. I quickly realized that blockchain technology would quickly revolutionize & improve the quality of life, but it would also provide financial reformation for the underdogs – the general population.

It became apparent in 2018 that I wanted to be full-time crypto and I took a leap of faith. I started my YouTube channel to live stream free community networking events and then quickly saw the lack of transparent marketing in the industry. A few months later I started Beyond Associates to provide transparent marketing, business development, brand building, media solutions, and professional events for blockchain companies globally.

CONNECT WITH WENDY:
https://linktr.ee/cryptowendyo
https://www.youtube.com/CryptoWendyO/
[email protected]

Joel & TW on Crypto Wendy O Show



Disclaimer