by akoutin@yahoo.com on 17 Dec, 2018 - 0 comments

If you are current client of Cloudcpas.net there is little to worry about, you are in good hands already. Otherwise do not hesitate to reach out with your personal and business accounting and year-end payroll tax compliance needs. We are a phone call or email away. New clients who mention our social media pages automatically […]

by Aleksei Koutin on 25 Mar, 2018 - 0 comments

The IRS has released guidelines for how to report taxes relating to digital currency activity.    

by Aleksei Koutin on 09 Jan, 2018 - 0 comments

The IRS has issued a reminder of the January 31, 2018 due date for filing: Forms W-2 and W-3 for 2017 with the Social Security Administration (both electronic and paper versions) Form 1099-MISC by January 31 when reporting non-employee compensation payments in box 7 The IRS release notes that penalties for failure to file correct information returns […]

by Aleksei Koutin on 11 Dec, 2017 - 0 comments

First, tax regulations differ for each country around the world, so how Bitcoin is taxed in one country may not be the same elsewhere. Please look into the tax laws of your own country to find the specific details. What is pretty much global, is that buying Bitcoin or any other crypto-currency is not in […]

by Aleksei Koutin on 08 Dec, 2017 - 0 comments

The notion that western governments will be unable to tax cryptocurrency gains is unrealistic. Taxes are one of the two guarantees in life, and it makes sense to plan for them, even with cryptocurrencies. How’s that for a prediction?