EPISODE 71: What Every Cryptocurrency Investor Needs to Know About the Inflation Reduction Act

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DWealth Muse, with host Dara Albright, is a weekly podcast series on Digital Wealth News that bridges the knowledge gap between conventional and modern finance through original coverage of the tidal wave of technological and regulatory change headed to finance as it shifts to a digital, decentralized system.

You can listen to all Dara’s podcasts at this link: https://dwealth.news/podcast/


EPISODE 71 – What Every Cryptocurrency Investor Needs to Know About the Inflation Reduction Act

In this episode, DWealthMuse host, Dara Albright, and guest Kell Canty, CEO of Ledgible, Crypto Tax & Accounting Software for Professionals, discuss how the Inflation Reduction Act will impact cryptocurrency investors and ways to stay out of the IRS crosshairs. Highlights include:

  • Why it’s been so difficult for cryptocurrency investors (and their accountants) to keep track of cryptocurrency transactions;
  • Why the ability to track crypto transactions is becoming increasingly paramount;
  • What the $45+ billion allocated towards IRS enforcement in the Inflation Reduction Act means to cryptocurrency investors;
  • Avoiding the IRS cryptocurrency perjury trap;
  • What cryptocurrency investors can do to prepare for any IRS rules that might be retroactive;
  • The complexities of taxing NFTs;
  • Finding crypto qualified CPAs;
  • The lawsuits that may provide insights into future crypto tax regulations.

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CLICK HERE TO LISTEN TO EPISODE 71:

 


About the DWealth Muse Podcast Series & Host Dara Albright:

Some are calling this transition the greatest financial transformation since civilization moved from a barter to a currency system. It is truly that momentous.

In these podcasts, Albright and key fintech influencers discuss how this financial transformation is impacting asset classes, investment portfolios, businesses, markets and economic policy.

Albright and guests deliver insights and leading-edge information to listeners in lively conversations that make this complex topic fascinating to learn and easy to grasp so that investors and businesses, alike, can capitalize on this monumental change.   

Specific areas of coverage include:

  • Decentralized Finance (DeFi)
  • The Democratization of Finance (DemFi)
  • Digital Assets, Blockchain-based Assets and Cryptocurrencies
  • Security Token Offerings and Exchanges
  • Exempted Fintech Alternatives
  • Modern Liquid Alternatives
  • Wealthtech
  • Compliance & Risk Management
  • Fintech Savings Apps

You can listen to all Dara’s podcasts at this link: https://dwealth.news/podcast/