Tech Intersect #197: Navigating the Crypto Tax Maze: Expert Insights with Charles “CJ, The Smart Guy” Kelly

Tech Intersect™ with Prof Tonya M. Evans

Send us a text

With the ever-evolving regulations around cryptocurrency, it can be a challenge to keep up. As the IRS ramps up regulations on documenting and taxing your cryptographically secured assets, you want someone like Charles J. Kelly on your side to make sure you’re staying compliant and maximizing your wealth. This week, episode 197 of the Tech Intersect™ Podcast is about keeping compliant with cryptocurrency taxes!

POWERED BY ADVANTAGE EVANS™ ACADEMY

Navigate your way from cash to crypto with Digital Money Demystified. Dive into the definitive guide on crypto myths and truths by Professor Tonya M. Evans. This isn't just a book; it's a roadmap to the decentralized web’s future of work, wealth, and creativity. Head over to DigitalMoneyDemystified.com and embark on your crypto journey today!

Charles J. Kelly “The Smart Guy” is an entrepreneurial-focused accountant with a passion to uplift his community through financial education and financial services. He left Corporate America to become a full-time entrepreneur, founding Smart Guy Consulting that focuses on on cryptocurrency taxes, bookkeeping, and consulting.

Topics Charles and I explore in this episode include:

• Platform changes and lack of tools created challenges for record keeping in the early days of investing in cryptocurrency.
• It is more important than ever to stay on top of crypto tax regulations and business reporting requirements.
• There is so much opportunity for equitable wealth building through crypto, but the education to maximize on this potential is critical.
• Addressing the racial disparities in the tax system.

CONNECT WITH CHARLES J. KELLY:

Smart Guy Taxes

Instagram

LinkedIn

X (Twitter)

Facebook

YouTube

CONNECT WITH DR. TONYA M. EVANS:

Questions and requests: [e-mail]

Follow: Twitter @AtTechIntersect | Instagram @TechIntersect

Web: Tech Intersect Podcast

Connect for exclusive content: https://advantageevans.activehosted.com/f/6

RESOURCES:

Buy the Book + Leave 5 Star Review Digital Money Demystified

Consulting,

Unlock the key to 10x the value of your legal practice in Web3 with our exclusive Advantage EVANS FinTech Academy training series—only 20 seats available!

Start separating crypto fact from fiction today. Get your copy of , Digital Money Demystified, and start learning so you can earn safely, legally and confidently. https://digitalmoneydemystified.com

Regulate & The Rabbit Hole by Notty Prod licensed via Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya M. Evans for Advantage Evans, LLC

Разделы

1. Navigating the Crypto Tax Maze: Expert Insights with Charles “CJ, The Smart Guy” Kelly (00:00:00)

2. CJ Kelly, aka "The Smart Guy," shares his journey from corporate America to crypto tax expert. (00:02:11)

3. Navigating the intersection of taxation and crypto, despite initial resistance. (00:07:30)

4. The importance of understanding the potential of blockchain technology, particularly in regards to intellectual property and systemic inequality. (00:13:45)

5. The struggle to keep track of cryptocurrency transactions due to the lack of record-keeping tools and the sudden shutdown of exchanges in early days. (00:22:54)

6. Racial disparities in tax audits, with black people being audited at a higher rate despite having fewer assets. (00:27:47)

7. Having a good CPA ensures you pay only the taxes you need to pay and not a penny more. (00:32:34)

8. How the “wash rule” in stocks it can be used to legally avoid paying taxes. (00:37:13)