Cryptocurrencies are everywhere! It is incredible how rapidly the concept of cryptocurrency has gained ground. Within just 5-8 years, we have come from a time when cryptocurrency was synonymous with Bitcoin to a time, today, where you can’t possibly even know the names of all existing cryptocurrencies in the world!
As the crypto world grows ever larger and more complex, the need to understand it is becoming more and more urgent. This course will help you orient yourself to the realities of the crypto world and understand the trends, risks, safety measures, and prevailing debates in the field. What’s more, you will also learn how to create your own cryptocurrency!
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In an original WSJ
In an original WSJ documentary, markets reporter Steven Russolillo ventures to Japan and Hong Kong to explore the universe of cryptocurrencies. His mission: create WSJCoin, a virtual token that could save the newspaper industry -- or not.
Will help cause an array of Bubbles across the Board and Cause a Huge Collapse and you can Blame the Educated .
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 conservation easement, captive, and cryptocurrency plans. Google him and your advisor, Who do YOU trust? [email protected]gmail.com
This is a such a huge misrepresentation of crypto