Buy Bitcoin in 2019? How to Play the Cryptocurrency Market




It’s been almost two years since cryptocurrency went mainstream. Back in the fall of 2017, the price of bitcoin rose over 500% in …


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  1. The taxation of cryptocurrency is no longer just a young person’s problem. That changed the day the United States Internal Revenue Service made cryptocurrency a focal point of enforcement and added a crypto disclosure question on its Form 1040. Unsuspecting parents with dependent children should be on guard. The IRS is looking for noncompliance, and crypto questions create a possibly perjurious trap. Noncompliance may be sleeping in the basements of many unwary parents.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, Who do you trust?
    516-236-8440 Wallachinc@gmail.com

  2. The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. Who do YOU trust? 516-236-8440

  3. The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. WHO do YOU trust? 516-236-8440

  4. The IRS will audit Cryptocurrency, get help NOW
    The IRS views crypto as property, not currency, which means that mining, selling, exchanging, or spending your coins are all taxable events that you need to report. Cryptocurrency and Bitcoin taxes are a tricky field to navigate. Even today, IRS guidance remains quite vague, and many CPAs don’t know how to properly file crypto taxes. However, despite confusing or unclear guidelines, the IRS has made it very clear they want you to report your crypto.
    Google Lance Wallach and your advisor. Who do you trust? Contact Lance and his team of experts before it's too late. 516-236-8440 wallachinc@gmail.com

  5. Cryptocurrency audits by the IRS of bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), Zcash (ZEC), darkcoin/dash (Dash), and more. Cryptocurrency compliance investigations may also turn into larger, criminal tax investigations. These situations can be a massive intrusion into your personal and professional life and your accountant could be compelled to tell the IRS everything you’ve told him or her because the “accountant-client privilege” does not extend to criminal investigations or state tax proceedings. Lance Wallach receives hundreds of calls to fight the IRS. 516-236-8440. Google him and your advisor, WHO do YOU trust. wallachinc@gmail.com

  6. Recently, the IRS has taken an interest in cryptocurrency and blockchain reporting, such as the reporting of Bitcoin, ZCoin, and Facebook’s new currency, Libra. The IRS has stated that they will categorize all cryptocurrency as “property,” meaning it should be reported as such. Those with unreported cryptocurrency are at risk for an IRS cryptocurrency audit. Depending on the value of your cryptocurrency holding, you could owe the IRS a substantial amount of money. Lance Wallach receives hundred of calls to fight IRS. 516-236-8440 Google Lance Wallach and your advisor, Who do you trust? wallachinc@gmail.com

  7. Since micro-captive insurance companies were placed on the IRS’ “Dirty Dozen” list of tax scams in 2014 and identified as a transaction of interest in 2016, the IRS has continued to expand its enforcement efforts of what it views as abusive micro-captive insurance arrangements.

    The IRS has been gathering information on taxpayers and instituted a new virtual currency compliance program in 2019. Here is an excerpt from one of their notices:

    “We have information that you have or had one or more accounts containing virtual currency but may not have properly reported your transactions involving virtual currency, which include cryptocurrency and non-crypto virtual currencies.”

    New IRS Notice 6174-A

    The IRS clearly sees noncompliance on virtual currency transactions as a threat to the tax system.

    As if the onslaught of recent losses in Tax Court was not enough, investors in syndicated conservation easements now have more to worry about. On August 25, 2020, the Senate Finance Committee released a bipartisan report condemning syndicated conservation easements as abusive and encouraging the IRS to take further action to ferret out such abuses.

    Lance Wallach has received hundreds of calls, 516-236-8440 to fight IRS and sue the promotors of easement, captive, and cryptocurrency plans. Google him and your advisor, who do YOU trust? Wallachinc@gmail.com

  8. Last year, the IRS audit division identified cryptocurrencies as one of five areas where taxpayers could easily avoid taxes. IRS Criminal Investigations head Don Fort has said the agency will soon announce criminal tax evasion cases involving digital currencies. Lance Wallach receives hundreds of calls to help people who own cryptocurrencies avoid or fight the IRS audits. Contact him before its too late.
    516-236-8440
    wallachinc@gmail.com

  9. Have you ever thought about financial freedom? Do you have a plan on how to get financial freedom? A lot of people out here are chasing financial freedom but for lack of information they don't know the steps to take. why not contact @Expert_masontrading on I.G to guide you. I

  10. Hello Everyone just want to share my experience on how I traded bitcoin with so many people on Instagram, until I met investor Brian and how I got $4,500 with just $500 within a short period. It is beyond eye opening. With his trading skills I've had nothing but continuous success. contact him today (investorbr514@gmail. com and his whatsapp number is +447481354776)

  11. I use a method in evaluating the ability of a broker to manage an investment portfolio of investments by examining the broker’s risk-adjusted returns over a period of time and this platform passes all of that test. Larry Abdelnour is my primary broker and has been doing a great job.

  12. Well, for me when it comes to investment, I have been more interested in crypto currency, so since retirement this year I have been investing with nation-crypto() com and it has been stress free. Also most investment are insured which reduces your risk of loss to the minimum

  13. You can buy a bitcoin famous exchange site like localbitcoins, Paxful, Remitano etc.but, I suggest one thing you can become an owner for your own exchange site in 2019. Just contact Coinsclone team .

  14. I’ve been able to make a million dollars from my investment of $350,000 with Marilyn Su Thuyen, she is very experienced at handling investment and making profit.

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