Although the IRS has stated that cryptocurrencies are subject to taxes, it can be difficult to interpret this guidance, especially for those who are not familiar with taxes. As a result, many American cryptocurrency investors hire a crypto accountant to assist them with their taxes. In the United States, crypto accountants are in high demand, so it is beneficial to know the crypto tax rules. We … [Read more...]

Crypto investor? Wondering how Crypto is taxed in your country? Come with us on a journey as we explore crypto taxes for individuals in various countries including the US, UK, Australia, Canada, Germany, Ireland, Switzerland, France, Austria, Spain and The Netherlands. This guide looks at the taxes that apply to individual investors and not to commercial traders or businesses. The rules for the … [Read more...]

If you have a traditional pension plan, you may have the option of taking a lump sum disbursement when you leave your job or retire, rather than having the money paid out over time. You could roll your money over into an IRA account. Some things to consider before rolling your pension over into an IRA: What is a 401(k) rollover? A 401(k) rollover is when you take the money in your 401(k) … [Read more...]

What is the importance of an IRA? It is important to establish an IRA in order to save for retirement and take advantage of tax savings while you are still working. Why is it important to know about the types of Self-Directed IRAs and how the Self-Directed IRA can take care of you during retirement? There are many reasons why one might want to contribute to a self-directed IRA other than … [Read more...]

For some people, the very thought of saving for retirement causes anxiety. This is because their current income may not allow for even an extra dime to be added to a savings plan. You might not have looked into all the different types of plans available because of this. There may be other saving plans that offer more flexibility and could help you reach your retirement goals depending on your … [Read more...]

You are able to buy a hedge fund by using a Self-Directed IRA. The Self-Directed IRA cannot invest in the following: Certain transactions are prohibited for people who are not qualified. The purpose of these rules is to help IRA holders save money for retirement. The purpose of this rule is to prevent people from using IRAs for their own personal gain. If you are considering using your … [Read more...]

401(k) accounts can be confusing and seem scary to many people, especially if they do not understand what they are. This guide covers the basics of 401(k) accounts. Are you worried about retirement? Do you feel like you're not saving enough for retirement? There are many reasons why you might not be saving enough for retirement. Maybe you've never had a job before, you're afraid of losing your … [Read more...]

You are not alone if you have received a letter from the IRS informing you that you need to report and pay your crypto taxes. The IRS has sent out hundreds of thousands of these letters in an attempt to remind crypto investors of their tax obligations. You’re not alone if that’s the case. The notice you received may actually be beneficial to you as it provides time to prepare for a possible … [Read more...]

If you're looking for a way to diversify your retirement savings, investing in a rental property with a self-directed IRA or Solo 401(k) is a great option. Real estate is a good investment because it is not generally linked to financial market cycles. This means that it can help you grow and protect your wealth. Do you dream of owning rental property someday? Are you tired of renting from someone … [Read more...]

Do you think you will have to pay taxes on your cryptocurrency earnings? Do you have to pay taxes on bitcoin? Is crypto taxed in your country? We will explore whether cryptocurrency is taxed and what measures need to be taken to ensure compliance with the law. Why is crypto taxed at all - isn't it money? While crypto is technically its own currency, our government has not decided to treat it … [Read more...]