# ![@accounting Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::7476722.png) @accounting Andrew Gordon

Andrew Gordon posts on X about crypto, bitcoin, crypto taxes, save the most. They currently have [---------] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::7476722/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::7476722/c:line/m:interactions.svg)

- [--] Week [-----] +311%
- [--] Month [-----] +4,882%
- [--] Months [------] -36%
- [--] Year [------] -85%

### Mentions: [--] [#](/creator/twitter::7476722/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::7476722/c:line/m:posts_active.svg)

- [--] Week [--] +120%
- [--] Month [--] +400%
- [--] Months [--] -27%
- [--] Year [---] +15%

### Followers: [---------] [#](/creator/twitter::7476722/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::7476722/c:line/m:followers.svg)

- [--] Week [------] +0.03%
- [--] Month [------] +0.01%
- [--] Months [------] +0.30%
- [--] Year [------] +4.50%

### CreatorRank: [---------] [#](/creator/twitter::7476722/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::7476722/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  [cryptocurrencies](/list/cryptocurrencies)  [countries](/list/countries)  [stocks](/list/stocks)  [technology brands](/list/technology-brands)  [exchanges](/list/exchanges)  [currencies](/list/currencies)  [celebrities](/list/celebrities)  [events](/list/events)  [travel destinations](/list/travel-destinations) 

**Social topic influence**
[crypto](/topic/crypto) #6652, [bitcoin](/topic/bitcoin), [crypto taxes](/topic/crypto-taxes) #54, [save](/topic/save), [staking](/topic/staking), [exchanges](/topic/exchanges), [to the](/topic/to-the), [capital gains](/topic/capital-gains), [cryptocurrency](/topic/cryptocurrency), [accounting](/topic/accounting) #227

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Gains (GAINS)](/topic/gains) [WalletConnect Token (WCT)](/topic/wallet) [Ethereum (ETH)](/topic/ethereum) [Coinbase Global Inc. (COIN)](/topic/coinbase) [XRP (XRP)](/topic/xrp) [Dogecoin (DOGE)](/topic/doge)
### Top Social Posts
Top posts by engagements in the last [--] hours

"1/ This is monumental news for crypto. The SEC has formally dismissed its lawsuit against Coinbasea case that began in June [----] alleging that Coinbase was running an unregistered securities exchange broker and clearing agency"  
[X Link](https://x.com/accounting/status/1893403987795198407)  2025-02-22T20:54Z [----] followers, [--] engagements


"2/ It all started in April [----] when the SEC issued a Wells Notice to Coinbase hinting at an impending enforcement action. Fast forward to June [--] 2023: the SEC filed its lawsuit in SDNY accusing Coinbase of facilitating trading in crypto assets deemed securities"  
[X Link](https://x.com/accounting/status/1893403989992980551)  2025-02-22T20:54Z [----] followers, [--] engagements


"Crypto market hits $4.1T surpassing AppleBitcoin nears $122K Ethereum at $4.3K. Trumps 401(k) crypto order massive ETF inflows and Fed rate cut bets fuel the rally. Is this the start of a bigger https://www.dlnews.com/articles/markets/crypto-rockets-over-4-trillion-analysts-eye-next-leg-higher/ https://www.dlnews.com/articles/markets/crypto-rockets-over-4-trillion-analysts-eye-next-leg-higher/"  
[X Link](https://x.com/accounting/status/1954968257993302432)  2025-08-11T18:08Z 10.5K followers, [---] engagements


"Trumps 401(k) crypto order & GENIUS Act are fueling the rally Let's take a look 🧵"  
[X Link](https://x.com/accounting/status/1957510230646128763)  2025-08-18T18:29Z 10.5K followers, [---] engagements


"Tomorrow the Senate is having a hearing on crypto taxes. Taxes touch everyone. Every investor business long term hodler. Crypto taxes are broken and Im on a mission to fix it"  
[X Link](https://x.com/accounting/status/1973097479970128383)  2025-09-30T18:47Z 10.5K followers, [---] engagements


"Today @SenateFinance is holding a hearing on crypto taxes. These are my six straightforward crypto tax reforms for a simpler clear and fair rules"  
[X Link](https://x.com/accounting/status/1973376399600660695)  2025-10-01T13:16Z 10.5K followers, [---] engagements


"@patrickjwitt This is helpful but we need to fix crypto taxes for the everyday investor. Its way too complex and difficult to understand. CPAs dont even get it"  
[X Link](https://x.com/accounting/status/1982265836892012940)  2025-10-26T01:59Z 10.5K followers, [--] engagements


"Crypto taxes suck Next week Im going to DC to fight for crypto tax changes. There is a crypto tax bill making its way through Congress and Im making sure DC hears from us - the investors builders and businesses at the front line. Have you been screwed by crypto taxes I want to hear from you Dm me"  
[X Link](https://x.com/accounting/status/1983680392814071842)  2025-10-29T23:40Z 10.5K followers, [---] engagements


"How much time did it take to prepare your crypto taxes last year Less than an hour More than [--] [--] hours Over [--] hours [--] to [--] hours Less than an hour More than [--] [--] hours Over [--] hours [--] to [--] hours"  
[X Link](https://x.com/accounting/status/1983683746470752425)  2025-10-29T23:53Z 10.5K followers, [---] engagements


"Heading to DC next week to fight for fair crypto taxes. Tue 11/4: Hill meetings Wed 11/5: Lunch with Sen. Crapo + [--] clients Thu 11/6: More Hill meetings Change happens when we show up. This is worth fighting for. If crypto taxes hit you reply or DM your story"  
[X Link](https://x.com/accounting/status/1984346325773865141)  2025-10-31T19:46Z 10.5K followers, [---] engagements


"Bitcoin never shuts down [--] years after the white paper the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that. [--] years after the white paper the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that"  
[X Link](https://x.com/accounting/status/1985006566878114189)  2025-11-02T15:30Z 10.5K followers, [---] engagements


"In DC to fight for fair crypto tax rules"  
[X Link](https://x.com/accounting/status/1985095143708344341)  2025-11-02T21:22Z 10.5K followers, [---] engagements


"Change happens when we fight for it. Im on the Hill to speak to members about crypto taxes. For Main Street USA to benefit from crypto we need to fix our unfair and complex tax systems"  
[X Link](https://x.com/accounting/status/1985758352303882655)  2025-11-04T17:17Z 10.5K followers, [---] engagements


"Taxes are the silent killer of the crypto industry For the US to dominate in crypto we need to fix: - Stablecoin reporting - LPs wrapped tokens liquid staking - Mining/staking tax - Voluntary disclosure The fixes are known now we need action"  
[X Link](https://x.com/accounting/status/1986572608825876788)  2025-11-06T23:13Z 10.5K followers, [---] engagements


"@patrickjwitt @USTreasury @IRSnews This is great but we need to fix crypto taxes for Main Street investors. A great place to start is tax on Liqudity Pools. LPs power DeFi but no one is sure how they are taxed"  
[X Link](https://x.com/accounting/status/1988004138630656418)  2025-11-10T22:01Z 10.5K followers, [--] engagements


"Im not stopping until crypto taxes make sense for all investors not just big companies"  
[X Link](https://x.com/accounting/status/1989072807708512436)  2025-11-13T20:48Z 10.5K followers, [---] engagements


"Crypto tax legislation is coming we need to make sure it fixes the problems that touch everyday investors"  
[X Link](https://x.com/accounting/status/1989441944976859255)  2025-11-14T21:14Z 10.5K followers, [---] engagements


"Bitcoin is down📉 Harvest your tax losses before the end of the year. Its one of the most effective ways to reduce current year gains"  
[X Link](https://x.com/accounting/status/1990562895080608169)  2025-11-17T23:29Z 10.5K followers, [---] engagements


"Big news coming for Main Street Joining @Varneyco soon for a BIG announcement on digital assets. Tune in https://t.co/D2I9CxXc9i Joining @Varneyco soon for a BIG announcement on digital assets. Tune in https://t.co/D2I9CxXc9i"  
[X Link](https://x.com/accounting/status/1991518145215934770)  2025-11-20T14:45Z 10.5K followers, [---] engagements


"Why the Bitcoin For America Act is huge for crypto taxes: 1) No capital gain on use of Bitcoin to pay taxes 2) Establishes a Treasury price for Bitcoin 3) Allows taxpayers to select the Bitcoin lot using LIFO HIFO or other costs basis methods Big step for crypto and America"  
[X Link](https://x.com/accounting/status/1991550191183216932)  2025-11-20T16:52Z 10.5K followers, [---] engagements


"@pete_rizzo_ There are some big wins here for crypto taxes - No capital gains on BTC used to pay tax Lot selection methods so you can identify your lowest BTC cost basis"  
[X Link](https://x.com/accounting/status/1991573635749015864)  2025-11-20T18:25Z 10.5K followers, [---] engagements


"Ive been in crypto tax since [----] and the biggest change to crypto taxes is one month away. The IRS requires US exchanges to issue Form 1099-DA reporting your trade proceeds for EACH trade. But guess what Your cost basis wont be reported. 🤯"  
[X Link](https://x.com/accounting/status/1997333035788783736)  2025-12-06T15:51Z 10.4K followers, [---] engagements


"We are hiring experienced crypto accountants at Gordon Tax Work at the cutting edge of the accounting industry with one of the best teams in the world. Share with an accountant"  
[X Link](https://x.com/accounting/status/1998836135796068613)  2025-12-10T19:24Z 10.5K followers, [---] engagements


"Ripple just got conditional approval from the OCC to establish a national trust bank charter. This is a big deal for crypto in the U.S. because it signals something weve been pushing all year in DC: crypto can live inside a real supervised framework"  
[X Link](https://x.com/accounting/status/1999559183406944564)  2025-12-12T19:17Z 10.5K followers, [---] engagements


"First what this actually is: A national trust bank is a federally supervised trust institution. Think custody settlement payments and asset administration. It is NOT the same as a full commercial bank"  
[X Link](https://x.com/accounting/status/1999559186548441195)  2025-12-12T19:17Z 10.5K followers, [--] engagements


"What it is NOT: These charters generally do not mean taking deposits like a checking account. They generally do not mean making loans. They generally do not mean FDIC-insured consumer banking. So this isnt Ripple becomes Chase"  
[X Link](https://x.com/accounting/status/1999559188851126576)  2025-12-12T19:17Z 10.5K followers, [--] engagements


"And it matters for stablecoins and payments. A supervised trust-bank structure is a step toward: better reserve management expectations clearer compliance standards faster more reliable settlement rails reduced reliance on patchwork state-by-state rules"  
[X Link](https://x.com/accounting/status/1999559200762892346)  2025-12-12T19:17Z 10.4K followers, [--] engagements


"Ripple wasnt alone. The OCC also conditionally approved other major crypto-related trust bank moves (including Circle plus conversions for firms like Fidelity Digital Assets BitGo and Paxos). Thats the headline: this is becoming a category not a one-off"  
[X Link](https://x.com/accounting/status/1999559208786629120)  2025-12-12T19:17Z 10.4K followers, [--] engagements


"@CryptoWendyO @EleanorTerrett @coinbase Why We need to make sure the power to earn yield is in the hands of every investor not replace big banks with a big exchange. We must protect DeFi"  
[X Link](https://x.com/accounting/status/2012613577388024161)  2026-01-17T19:50Z 10.4K followers, [--] engagements


"Crypto is the opportunity for profit in the hands of every investor not just Wall Street. Shifting the power from big banks to big exchanges is not pro crypto"  
[X Link](https://x.com/accounting/status/2012614102485484008)  2026-01-17T19:52Z 10.4K followers, [---] engagements


"Receive a Celsius distribution this week You might owe tax Learn more 🚨👇 Celsius distributions may be on the way but with it comes a tax headache Be sure to know the rules be prepared and reach out if you have questions https://t.co/MWXk6Ao2Y9 Celsius distributions may be on the way but with it comes a tax headache Be sure to know the rules be prepared and reach out if you have questions https://t.co/MWXk6Ao2Y9"  
[X Link](https://x.com/accounting/status/2019500956015063109)  2026-02-05T19:58Z 10.4K followers, [---] engagements


"If you havent started your crypto taxes for [----] now is the time. In my [--] years of working with clients on crypto taxes this year will be the most complex - thank Form 1099-DA. We are still taking clients for this tax season. DM ME AND LETS GET STARTED"  
[X Link](https://x.com/accounting/status/2017343274608992269)  2026-01-30T21:04Z 10.4K followers, [---] engagements


"Cryptos future must be in America. But crypto taxes are broken. Unclear rules inconsistent guidance impossible reporting for everyday investors. I am in DC pushing for simple clear rules that investors and builders can follow. Reply with your biggest crypto tax headache"  
[X Link](https://x.com/accounting/status/2018690185542750433)  2026-02-03T14:17Z 10.4K followers, [---] engagements


"30% of Americans own crypto but the tax laws confusing unfair and downright broken. The crypto industry needs fair rules to make America the crypto capital of the world. Let us know if you agree"  
[X Link](https://x.com/accounting/status/2019420334752166347)  2026-02-05T14:38Z 10.4K followers, [---] engagements


"Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save:"  
[X Link](https://x.com/anyuser/status/1871973211518439641)  2024-12-25T17:36Z 10.4K followers, 157.1K engagements


"Unfair tax rules are driving bitcoin miners and crypto stakeholders out of the US and to our enemies. But with simple and fair changes we can keep them here and drive more money into the U.S. economy. Like if you agree we need to keep mining in the US #crypto #cryptocurrency #tax #taxlaw https://twitter.com/i/web/status/2021978084799398343 https://twitter.com/i/web/status/2021978084799398343"  
[X Link](https://x.com/accounting/status/2021978084799398343)  2026-02-12T16:01Z 10.4K followers, [----] engagements


"If youve traded crypto in [----] and you filed your tax return already youre probably going to get audited. Exchanges are sending Form 1099-DA to you and the IRS. Filing without matching the form is a mistake"  
[X Link](https://x.com/accounting/status/2022807083649814786)  2026-02-14T22:56Z 10.4K followers, [---] engagements


"💥 The clever Crypto Tax Strategy They Dont Want you to Hear ✅ Learn how you can reduce or eliminate your [----] crypto tax bill. However you MUST act by 12/31/18 Contact us for a confidential consultation before its too late. https://www.gordonlawltd.com/contact/ https://www.gordonlawltd.com/contact/"  
[X Link](https://x.com/accounting/status/1074029341875560448)  2018-12-15T19:52Z [----] followers, [--] engagements


"2018 Crypto tax losses Make sure you are leveraging your losses Contact us"  
[X Link](https://x.com/accounting/status/1088940906571550720)  2019-01-25T23:25Z [----] followers, [--] engagements


"When I look at this breathtaking Mallorca sunset it reminds me why we work so hard. Long hours relentless dedication. it all has its purpose. But what's success if not balanced with moments like these" The equation for sustainable success Hard Work + Balance = True Fulfillment. Remember to find your sun"  
[X Link](https://x.com/accounting/status/1699481631612883194)  2023-09-06T17:56Z [----] followers, [--] engagements


"Everyone knows about tax loss harvesting but not everyone knows this One effective tactic is Tax-Loss Harvesting (TLH) which involves selling assets at an unrealized loss to offset gains or income. However a more advanced approach considers the timing of selling gains and harvesting losses to optimize tax efficiency. Heres a pro tip: Balance your actions by selling gains that are long-term and harvesting losses that are short-term. Long-term gains are taxed at a lower rate making the timing of sales crucial to maximize your tax advantage. By employing this strategy you can effectively cash"  
[X Link](https://x.com/accounting/status/1715187119226859600)  2023-10-20T02:04Z [----] followers, [---] engagements


"Beware of the taxable event on distribution If your initial holdings differ from the distribution you have a conversion - a taxable event. Your gain/loss will be the difference between your cost basis in the original tokens and the FMV of the new tokens at time of distribution"  
[X Link](https://x.com/accounting/status/1723509430224855068)  2023-11-12T01:14Z [----] followers, [---] engagements


"@yaboyoh Depends what you bought the crypto for. Not the value at the time @CelsiusNetwork shut down"  
[X Link](https://x.com/accounting/status/1723587961420128466)  2023-11-12T06:26Z [----] followers, [--] engagements


"🚨 Breaking News: US DOJ Moves to Prevent Changpeng Zhaos (CZ) Exit from the US Before Sentencing ✈🚫 US DOJ Concerns: Fears that CZ a billionaire might flee the US avoiding an 18-month prison sentence. CZs Current Status: Initially permitted to return to the UAE before sentencing subject to a $175 million bond. New Motion: DOJ urges District Judge to overrule and keep CZ in the US until sentencing. Why DOJ Is Worried: CZs immense wealth much inaccessible to US authorities. UAE residency a country without an extradition treaty with the US. Risk CZ may not return for sentencing preferring"  
[X Link](https://x.com/accounting/status/1727778505167904863)  2023-11-23T19:57Z [----] followers, [---] engagements


"Are Your Binance Transactions being shared with the IRS Binance - DOJ settlement update In the ever-evolving world of cryptocurrency a recent development involving Binance one of the leading global crypto exchanges has emerged that could significantly impact users particularly in terms of IRS scrutiny and tax compliance. Binance recently entered into a consent order with the US Financial Crimes Enforcement Network (FinCEN) after failing to comply with the US's anti-money laundering regulations and not registering as a Money Services Business (MSB). This situation has pivotal implications for"  
[X Link](https://x.com/accounting/status/1727790927077396846)  2023-11-23T20:47Z [----] followers, [---] engagements


"@BigBullGashi @AwakenTax Cant beat free Enis which crypto networking event in Chicago"  
[X Link](https://x.com/accounting/status/1731509142727090665)  2023-12-04T03:02Z [----] followers, [--] engagements


"Year end tax reminders for last minute 💸 savings: 💰Consider tax loss harvesting any capital gains (especially crypto that you can buy back) 💰If you have children contribute to a [---] for a state tax deduction 💰Max out your retirement contributions 💰 Make any charitable contributions - especially of appreciated property. 💰If youre a business owner purchase assets for special depreciation deductions. Maybe a vehicle"  
[X Link](https://x.com/accounting/status/1738327005450403954)  2023-12-22T22:33Z [----] followers, [---] engagements


"Realize any tax losses before midnight to capture the deduction for [----] Tax loss harvesting is often an effective strategy to minimize current year taxes from capital gains"  
[X Link](https://x.com/accounting/status/1741477773120582061)  2023-12-31T15:13Z [----] followers, [---] engagements


"First lets talk about the elephant in the room: short-term gains. If youve sold your crypto after holding it for less than a year congratulations on the gain But remember these gains are taxed like your income. 📆💰#KnowYourTaxes"  
[X Link](https://x.com/accounting/status/1766619224422625756)  2024-03-10T00:16Z [----] followers, [--] engagements


"Why does this matter Because your short-term gains get added to your other income and this total is what determines your tax bracket. The U.S. tax system has brackets ranging from 10% to 37%. Its all about the total income pie. 🥧📊 #TaxBracketsExplained"  
[X Link](https://x.com/accounting/status/1766619225676792154)  2024-03-10T00:17Z [----] followers, [--] engagements


"Watch out for the crypto question on your tax return This year the question has changed slightly but is also on more Forms: [----] [----] 1120S and Form [----]. The question reads: Are any time during [----] did you"  
[X Link](https://x.com/accounting/status/1766944582917398728)  2024-03-10T21:49Z [----] followers, [----] engagements


"The Crypto Tax Question isnt just on the Form [----] anymore"  
[X Link](https://x.com/accounting/status/1766948778903326989)  2024-03-10T22:06Z [----] followers, [---] engagements


"March 6th the IRS releases Tax Time Guide. Guess the #1 reporting reminder Digital assets (crypto) Like it or not the IRS is coming for crypto tax evaders"  
[X Link](https://x.com/accounting/status/1767021567060410609)  2024-03-11T02:55Z [----] followers, [---] engagements


"It was great speaking to @CNBC and @katedore about the recent crypto rally and what you need to know for tax filing Dont miss the crypto question on the first page of your income tax return Read the article to learn what it could mean if answered incorrectly"  
[X Link](https://x.com/accounting/status/1769092440906989576)  2024-03-16T20:04Z [----] followers, [---] engagements


"Crypto is not like stocks or securities. It can be traded 24/7 there is considerable market volatility at all times and finally there is a huge difference between securities brokers and crypto exchanges. Brokers report trades on 1099-B and can determine and report wash sale rules. But for crypto there are no tax reports presently. Exchanges dont do the tax reporting for users the users are responsible. With so few crypto investors reporting crypto on taxes will adding a new requirement (that many see as punitive) actually increase compliance and tax collection"  
[X Link](https://x.com/accounting/status/1769112724133367912)  2024-03-16T21:25Z [----] followers, [--] engagements


"How much do you pay for your personal tax return preparation"  
[X Link](https://x.com/accounting/status/1771630276604563517)  2024-03-23T20:09Z [----] followers, [---] engagements


"2024 might be the last year to take advantage of the crypto wash sale loophole 👇"  
[X Link](https://x.com/accounting/status/1776422544628720126)  2024-04-06T01:31Z [----] followers, [---] engagements


"President Bidens proposed [----] budget seeks to apply the wash sale rules to digital assets which have so far avoided falling under this rule. The wash sale rule disallows losses if you sell at a loss and buy the same security back within [--] days"  
[X Link](https://x.com/accounting/status/1776422545874358551)  2024-04-06T01:31Z [----] followers, [---] engagements


"Dont forget even illegal activity needs to be reported on your tax return"  
[X Link](https://x.com/accounting/status/1780789981683818733)  2024-04-18T02:46Z [----] followers, [---] engagements


"@Crimsix Where is the next race"  
[X Link](https://x.com/accounting/status/1784420286344946126)  2024-04-28T03:12Z [----] followers, [----] engagements


"@Brooks_G_ Acquired clients from these types of firms are typically unhappy with fee increases also reluctant to use the new platforms (or be paperless)"  
[X Link](https://x.com/accounting/status/1795290750055592073)  2024-05-28T03:07Z [----] followers, [--] engagements


"@CryptoWendyO Im confused - you can already pay your taxes with Bitcoin Just a congressman trying to appear pro-crypto https://youtu.be/d70re6xcXxksi=RXxr0lKVguLHGbP0 https://youtu.be/d70re6xcXxksi=RXxr0lKVguLHGbP0"  
[X Link](https://x.com/accounting/status/1805624894744297513)  2024-06-25T15:31Z [----] followers, [--] engagements


"Cracking Down on Crypto Taxes: How the IRS Plans to Collect from Crypto Investors #CryptoTaxes #IRSRegulations #TaxGap #Audits #CriminalInvestigations #Cryptocurrency #Bitcoin #TaxCompliance #FinancialRegulations #IRSUpdates"  
[X Link](https://x.com/accounting/status/1810797839427019154)  2024-07-09T22:07Z [----] followers, [---] engagements


"Im thrilled to announce the launch of a platform where I share my [--] years + of experience in the trenches of fighting the IRS to provide clear concise recommendations for crypto tax reform. http://CryptoTaxReform.com http://CryptoTaxReform.com"  
[X Link](https://x.com/accounting/status/1816638222514155687)  2024-07-26T00:54Z [----] followers, [---] engagements


"With the ever-evolving crypto landscape it's crucial that we advocate for fair and equitable tax policies that support the growth of our industry while ensuring compliance and fairness. Join the conversation and let's work together to shape the future of crypto tax"  
[X Link](https://x.com/accounting/status/1816638225932329142)  2024-07-26T00:54Z [----] followers, [--] engagements


"This isnt just a one-off case. This is happening to crypto investors all over the country. The IRS needs to get with the times and understand how crypto works. Stablecoins are NOT profit-makers like they think"  
[X Link](https://x.com/accounting/status/1816656432135049498)  2024-07-26T02:06Z [----] followers, [--] engagements


"We need crypto tax reform NOW to prevent this kind of disaster. Visit to learn more and join the fight for fair and sensible tax policies http://CryptoTaxReform.com http://CryptoTaxReform.com"  
[X Link](https://x.com/accounting/status/1816656433632383315)  2024-07-26T02:07Z [----] followers, [--] engagements


"Had a great conversation this morning with @MarshaBlackburn and @SenLummis this morning about crypto tax reform. Tax is the most important issue facing crypto"  
[X Link](https://x.com/accounting/status/1817352574405620075)  2024-07-28T00:13Z [----] followers, [---] engagements


"While the attention is typically on the @SECGov and their regulation by enforcement approach the bigger big bad wolf is the Internal Revenue Service and their tireless crusade to punish crypto investors"  
[X Link](https://x.com/accounting/status/1817352576322670822)  2024-07-28T00:13Z [----] followers, [--] engagements


"Everyday I see crypto investors who want to do the right thing - they want to be in tax compliance - but the ambiguous laws and nearly impossibly tax reporting make most crypto investors into tax criminals. Its time for #cryptotaxreform"  
[X Link](https://x.com/accounting/status/1817352578239172879)  2024-07-28T00:13Z [----] followers, [--] engagements


"@SenLummis Crypto tax regulations need to change The tax code re crypto is archaic at best and punitive at worst. Here are [--] ways we can change the tax code to support #Bitcoin2024 and crypto 🧵"  
[X Link](https://x.com/accounting/status/1817354350731112733)  2024-07-28T00:20Z [----] followers, [---] engagements


"3) No Tax on Stable-to-Stable Trades Treat stable-to-stable trades as non-taxable events. Allow investors to exchange one type of stablecoin for another without triggering a taxable event or reporting requirement"  
[X Link](https://x.com/accounting/status/1817354358343762290)  2024-07-28T00:20Z [----] followers, [--] engagements


"4) Protection Against Wash Sale Rules for Cryptocurrencies Safeguard the current interpretation that wash sale rules do not apply to cryptocurrencies. Codify the exclusion of crypto assets from the wash sale rules to prevent future legislative from imposing these rules on cryptocurrencies"  
[X Link](https://x.com/accounting/status/1817354360021451035)  2024-07-28T00:20Z [----] followers, [--] engagements


"It was great hearing @SenLummis and @MarshaBlackburn support crypto and #bitcoin at #Bitcoin2024 But if they really want to support bitcoin its time to fix crypto tax laws Heres how"  
[X Link](https://x.com/accounting/status/1817358959843398047)  2024-07-28T00:38Z [----] followers, [---] engagements


"The tax gap - what people owe in tax vs pay - is massive. And its not because crypto investors want to be tax criminals. No"  
[X Link](https://x.com/accounting/status/1817358962666156269)  2024-07-28T00:38Z [----] followers, [--] engagements


"Most crypto investors are not reporting their crypto properly because they cant Crypto exchanges share records that you need to be in the @CIA to decipher. And its the taxpayers responsibility to report properly"  
[X Link](https://x.com/accounting/status/1817358965430227282)  2024-07-28T00:38Z [----] followers, [--] engagements


"There is no adequate crypto tax software for most traders. The results that are inaccurate or require tens/hundreds of hours to review. Our clients hire us because their activity is too complex for any of the software out there. They arent the 1% they are the 99%"  
[X Link](https://x.com/accounting/status/1817358968685019319)  2024-07-28T00:38Z [----] followers, [--] engagements


"There are solutions We can close the tax gap and equitably tax crypto investors. 1) de minimus crypto exclusion - small dollar trades dont need to be reported. 2) Simplified cost basis calculations such as global LIFO 3) No tax or reporting on stable to stable trades 4) Protection against wash sales for crypto 5) A voluntary disclosure program"  
[X Link](https://x.com/accounting/status/1817358972061466893)  2024-07-28T00:38Z [----] followers, [---] engagements


"@scottmelker @TheStreet Lets chat about crypto tax reform. The tax code for crypto investors is broken. It makes tax criminals out of everyday investors. The IRS has weaponized crypto and its time to put an end to it"  
[X Link](https://x.com/accounting/status/1818825666113990960)  2024-08-01T01:46Z [----] followers, [--] engagements


"Three years have passed since @officialmcafee 's untimely passing and the need for #CryptoTaxReform is more crucial than ever. At @gordonlawltd we had the privilege of working with John as he prepared to defend against US securities and tax charges"  
[X Link](https://x.com/accounting/status/1820587853329420366)  2024-08-05T22:29Z [----] followers, [---] engagements


"Sadly he never got the chance to expose the inequities of the tax system as it applies to crypto. Tune in to Episode [--] of Fox News TV new series where I discuss John's final days and the fight for fair crypto tax regulations. Check it out"  
[X Link](https://x.com/accounting/status/1820587855053242375)  2024-08-05T22:29Z [----] followers, [---] engagements


"Ive had 1000+ consultations to save crypto investors on taxes for their trading. I charge $295 for [--] minute consults Here are [--] tips that you can use today to reduce your tax bill: 🧵👇"  
[X Link](https://x.com/accounting/status/1822698628710109245)  2024-08-11T18:16Z [----] followers, [---] engagements


"Want to cut your tax rate in half Hold for long term Crypto follows the same long and short term capital gain rates as stocks and other property. If you hold for over a year and then sell your tax rate is substantially lower (almost half). The long term rates are 15% and 20% versus short term rates up to 37%"  
[X Link](https://x.com/accounting/status/1822698718841483475)  2024-08-11T18:16Z [----] followers, [--] engagements


"I spoke to @CNBC about tax strategies you can use today to decrease your crypto capital gains. Dont wait until next year (tax time) to start thinking about tax strategies Start today. Here are a few great tax tips for crypto investors that work in any economic climate. https://t.co/JY6RJHpQ1j Here are a few great tax tips for crypto investors that work in any economic climate. https://t.co/JY6RJHpQ1j"  
[X Link](https://x.com/accounting/status/1824149856845434941)  2024-08-15T18:23Z [----] followers, [---] engagements


"@CASASCIUS_1BTC How much"  
[X Link](https://x.com/accounting/status/1830064076552016094)  2024-09-01T02:04Z [----] followers, [--] engagements


"@scottastevenson Is o1 live in spellbook Big believer or AI for legal but hasnt been there yet"  
[X Link](https://x.com/accounting/status/1835151381411385729)  2024-09-15T02:59Z [----] followers, [--] engagements


"The tax deadline is a couple of days away. If you dont have all your tax documents and worried you cant file OR you cant pay - there are options. Watch me on @YahooFinance as I explain the steps you should take If you were granted a tax extension by the IRS for the [----] tax season the deadline to file is Tuesday October [--]. Tax attorney @accounting on what those who received the extension should do in the event they cannot file by the date: https://t.co/nVf63Gloca If you were granted a tax extension by the IRS for the [----] tax season the deadline to file is Tuesday October [--]. Tax attorney"  
[X Link](https://x.com/accounting/status/1845677791691293113)  2024-10-14T04:07Z [----] followers, [---] engagements


"President @realDonaldTrump promises for crypto and bitcoin: Introduce Bitcoin as a reserve asset Ban CBDCs Make America the crypto capital of the world Use Bitcoin to address US debt Foster innovation for a strong economy End Democrats illegal crackdown on crypto Protect mining and self-storage rights Let citizens control their assets Fire SECs Gary Gensler on day one Form a pro-crypto Presidential advisory committee Write regulations led by crypto supporters within the first [---] days Commute Silk Road @RealRossU life sentence Big changes ahead. Theres no better time in the history of crypto"  
[X Link](https://x.com/accounting/status/1855470795641790796)  2024-11-10T04:41Z [----] followers, [---] engagements


"With the election behind us tax reform is almost certainly on the horizon. Historically each new administration has introduced significant changes to the tax code within the first 1-2 years. Heres a quick look back: Biden Administration (20212024): Expanded credits for clean energy reintroduced a higher corporate tax rate and increased IRS funding for enhanced tax enforcement. Trump Administration (20172021): Passed the Tax Cuts and Jobs Act which reduced corporate tax rates doubled the standard deduction and limited state and local tax deductions. Obama Administration (20092017): Increased"  
[X Link](https://x.com/accounting/status/1863203665680429073)  2024-12-01T12:49Z [----] followers, [---] engagements


"If you had a BlockFi account the IRS could be looking at you Even though BlockFi is shut down they're SENDING 1099s to the IRS showing all sales and transfers out of crypto. We just got a CP2000 notice this week proposing over $404k due from the sale of stablecoinsyes stablecoins 😱 If you dont respond properly the IRS assumes the numbers are correct and will collect. Dont let this happen to you"  
[X Link](https://x.com/accounting/status/1866688425186791809)  2024-12-11T03:36Z [----] followers, [---] engagements


"The best way to avoid crypto taxes while remaining a US citizen is to use Puerto Rico Act [--]. Qualifying taxpayers can pay 0% capital gains tax When this program first started my team and I thought it was too good to be true. But it is in fact real and we've helped many clients take advantage of this program To get Act [--] tax benefits you must become a bona fide resident of Puerto Rico along with other requirements. Also keep in mind that the tax benefits only apply to Puerto Rico-sourced income. This means that when you move you'll realize any gains (at least on paper) and pay your regular"  
[X Link](https://x.com/accounting/status/1870507813174440342)  2024-12-21T16:33Z [----] followers, [----] engagements


"@MrButterknuckle @vandell33 In [----] the IRS released guidance that crypto is considered property for tax purposes. Whether we like it or not this is the system we live in. If we ignore it or pretend the laws dont exist we end up like this - https://bitcoinmagazine.com/legal/early-bitcoin-investor-sentenced-to-prison-for-tax-evasion-on-3-7-million-btc-sale https://bitcoinmagazine.com/legal/early-bitcoin-investor-sentenced-to-prison-for-tax-evasion-on-3-7-million-btc-sale"  
[X Link](https://x.com/accounting/status/1871642758563365201)  2024-12-24T19:43Z [----] followers, [--] engagements


"For the Safe Harbor by 1/1 you simply need to identify the allocation method assuming you are using Global Unit Allocation. If you are able to calculate the cost basis in advance of 1/1 you might be eligible for Specific Unit Allocation. In any event for the Safe Harbor statement we prepared just an identification is needed. Find the statement here: https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731 https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731"  
[X Link](https://x.com/accounting/status/1871643175707971688)  2024-12-24T19:44Z [----] followers, [---] engagements


"Yes you should still do this. Even if your accounting is set up as wallet by wallet you still need to allocate your prior cost basis across your holdings and wallets. There are various ways to do this and the Safe Harbor lets you chose how you want it done. Without the election youre likely going to be stuck with oldest sold first. By doing the election you can allocate your highest cost basis to the first sold decreasing your taxes in the short term"  
[X Link](https://x.com/accounting/status/1871723615441330645)  2024-12-25T01:04Z [----] followers, [---] engagements


"Many crypto investors want to allocate their highest cost basis to tokens as they are sold. In order to do so after 1/1/25 before the end of the year: 1) Make a list of all your exchanges and wallets 2) Save screenshots of your holdings of each token on each wallet 3) Complete the Safe Harbor Statement 4) Save for your records"  
[X Link](https://x.com/accounting/status/1871725298297053632)  2024-12-25T01:11Z [----] followers, [---] engagements


"@bjoernolf You dont need to send the statement or your wallet addresses to the IRS. This is kept in case of audit to support your cost basis. Could this be reversed Sure but if its not then better to be safe and complete the steps"  
[X Link](https://x.com/accounting/status/1871726118514155689)  2024-12-25T01:14Z [----] followers, [----] engagements


"@9354doteth @realDonaldTrump @DOGE @DavidSacks @CynthiaMLummis 💯 this should have been extended or changed. You can view some of my other thoughts at http://www.cryptotaxreform.com http://www.cryptotaxreform.com"  
[X Link](https://x.com/accounting/status/1871726327398834447)  2024-12-25T01:15Z [----] followers, [--] engagements


"@DavidSacks could we please talk about this Its one of the most significant regulatory changes to impact crypto investors - and only a small few know about it. If you dont act by 1/1/25 youre SOL. https://x.com/accounting/status/1871410967273431378s=46&t=qe5KLfszm_U8LZZJg0QZkA 🚨 Crypto Investors MUST comply with the IRS Revenue Procedure 2024-28 Safe Harbor by 12/31/2024 to avoid penalties and optimize your cost basis for digital assets. Lets break it down so you dont miss this critical deadline. 🧵 https://x.com/accounting/status/1871410967273431378s=46&t=qe5KLfszm_U8LZZJg0QZkA 🚨 Crypto"  
[X Link](https://x.com/accounting/status/1871728510664049031)  2024-12-25T01:23Z [----] followers, [---] engagements


"@9354doteth @realDonaldTrump @DOGE @DavidSacks @CynthiaMLummis Please RT - https://x.com/accounting/status/1871728510664049031s=46&t=qe5KLfszm_U8LZZJg0QZkA https://x.com/accounting/status/1871728510664049031s=46&t=qe5KLfszm_U8LZZJg0QZkA"  
[X Link](https://x.com/accounting/status/1871728726322688037)  2024-12-25T01:24Z [----] followers, [--] engagements


"Here are the notes: Most crypto investors prefer to use their highest cost basis first when selling tokens; this results in reducing your gains in the short run. In order to do so after 1/1/25 before the end of the year: 1) Make a list of all your exchanges and wallets 2) Save screenshots of your holdings of each token on each wallet 3) Complete the Safe Harbor Statement 4) Save for your records Otherwise you could be stuck with FIFO or worse"  
[X Link](https://x.com/accounting/status/1871729257946530196)  2024-12-25T01:26Z [----] followers, [----] engagements


"@cory_eth Good practice to always keep track of your holdings at year end. Now in order to use highest cost basis post 1/1/25 with your current holdings you need to complete the Safe Harbor Statement (or something similar). Dont skip that crucial step"  
[X Link](https://x.com/accounting/status/1871729604605739419)  2024-12-25T01:28Z [----] followers, [--] engagements


"@kevin01905 You can read the full text here: https://www.irs.gov/pub/irs-drop/rp-24-28.pdf https://www.irs.gov/pub/irs-drop/rp-24-28.pdf"  
[X Link](https://x.com/accounting/status/1871730243171504501)  2024-12-25T01:30Z [----] followers, [----] engagements


"@Chermdiesel @TeesCryptoSpot Great advice. Make sure you also keep a copy of your Safe Harbor Statement (or something similar)"  
[X Link](https://x.com/accounting/status/1871730400592286177)  2024-12-25T01:31Z [----] followers, [--] engagements


"@firstlaster333 @TeesCryptoSpot The regulations were issued in the summer. They revised the definition of broker to include crypto exchanges and hosted wallets. https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/ https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/"  
[X Link](https://x.com/accounting/status/1871730649314545764)  2024-12-25T01:32Z [----] followers, [--] engagements


"@WhittWhitaker @TeesCryptoSpot This is even more important if you havent sold yet The Safe Harbor allows you to allocate your basisin a highest out order (if you prefer) on your UNSOLD crypto. This means you can optimize and defer your gains as you sell in the future"  
[X Link](https://x.com/accounting/status/1871731275272421457)  2024-12-25T01:34Z [----] followers, [--] engagements


"@Jasonjude24 @TeesCryptoSpot You should probably ask your CPA if theyve made a safe harbor election for you ;)"  
[X Link](https://x.com/accounting/status/1871731466897645664)  2024-12-25T01:35Z [----] followers, [--] engagements


"@Freedom4Quincy @TeesCryptoSpot The form is not filed with the IRS but kept for your records / in case of audit. It is possible that the Trump administration reversed this. But in the meantime if you dont act by 1/1 you could blow your opportunity to optimize your taxes"  
[X Link](https://x.com/accounting/status/1871731778320498825)  2024-12-25T01:36Z [----] followers, [--] engagements


"@LPG978 @TeesCryptoSpot Final regulations were issued by @USTreasury a few months ago. https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/ https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/"  
[X Link](https://x.com/accounting/status/1871732023548952813)  2024-12-25T01:37Z [----] followers, [--] engagements


"@wjkxrp @TeesCryptoSpot 💯 need more time And suspend new regulations until @realDonaldTrump takes office"  
[X Link](https://x.com/accounting/status/1871732175441453087)  2024-12-25T01:38Z [----] followers, [--] engagements


"Many crypto investors want to allocate their highest cost basis to tokens as they are sold. That allows you to minimize gains in the short term. In order to do so after 1/1/25 before the end of the year: 1) Make a list of all your exchanges and wallets 2) Save screenshots of your holdings of each token on each wallet 3) Complete the Safe Harbor Statement 4) Save for your records"  
[X Link](https://x.com/accounting/status/1871732581869215936)  2024-12-25T01:39Z [----] followers, [---] engagements


"@thebombleads @TeesCryptoSpot I love chatGPT but thats an epic fail. @Google for the win on this one: https://www.irs.gov/pub/irs-drop/rp-24-28.pdf https://www.irs.gov/pub/irs-drop/rp-24-28.pdf"  
[X Link](https://x.com/accounting/status/1871732911084605769)  2024-12-25T01:41Z [----] followers, [--] engagements


"@stan88867218 @TeesCryptoSpot Final broker regulations were issued over the summer: https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/ https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/"  
[X Link](https://x.com/accounting/status/1871733430859497743)  2024-12-25T01:43Z [----] followers, [--] engagements


"Many crypto investors want to allocate their highest cost basis to tokens as they are sold. That allows you to minimize gains in the short term. In order to do so after 1/1/25 before the end of the year you need to meet the Safe Harbor requirements of Revenue Procedure 2024-28z This all came out of the final Broker Regulations that were passed over the summer: https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/ https://gordonlaw.com/learn/crypto-exchanges-will-report-trades-to-irs-long-awaited-broker-requirements-released/"  
[X Link](https://x.com/accounting/status/1871734247653826646)  2024-12-25T01:46Z [----] followers, [---] engagements


"@USTreasury issued final Broker Regulations in the summer that expanded the definition of broker to digital asset intermediaries such as exchanges. Until #cryptotaxreform takes place if you dont follow the rules you can inadvertently become a tax criminal. See https://bitcoinmagazine.com/legal/early-bitcoin-investor-sentenced-to-prison-for-tax-evasion-on-3-7-million-btc-sale https://bitcoinmagazine.com/legal/early-bitcoin-investor-sentenced-to-prison-for-tax-evasion-on-3-7-million-btc-sale"  
[X Link](https://x.com/accounting/status/1871735247148130573)  2024-12-25T01:50Z [----] followers, [---] engagements


"@WhittWhitaker @TeesCryptoSpot You dont have to send the government your holdings or the Safe Harbor Statement unless audited. Better safe than sorry. My two cents"  
[X Link](https://x.com/accounting/status/1871735466623664565)  2024-12-25T01:51Z [----] followers, [--] engagements


"@tgdips Appreciate you"  
[X Link](https://x.com/accounting/status/1871735544390291475)  2024-12-25T01:51Z [----] followers, [---] engagements


"@MattCrypto21 @Aldm2135 Also save in your records a Safe Harbor Statement such as the one we created"  
[X Link](https://x.com/accounting/status/1871735701206896875)  2024-12-25T01:52Z [----] followers, [--] engagements


"@DavidSacks could we please talk about this Its the most significant regulatory change to impact crypto investors - and only a small few know about it. If you dont act by 1/1/25 youre SOL. https://x.com/accounting/status/1871410967273431378s=46&t=qe5KLfszm_U8LZZJg0QZkA 🚨 Crypto Investors MUST comply with the IRS Revenue Procedure 2024-28 Safe Harbor by 12/31/2024 to avoid penalties and optimize your cost basis for digital assets. Lets break it down so you dont miss this critical deadline. 🧵 https://x.com/accounting/status/1871410967273431378s=46&t=qe5KLfszm_U8LZZJg0QZkA 🚨 Crypto Investors"  
[X Link](https://x.com/accounting/status/1871735866047291734)  2024-12-25T01:53Z [----] followers, [--] engagements


"@WhittWhitaker @TeesCryptoSpot Time stamped images of holdings Safe Harbor statement Before the end of the year"  
[X Link](https://x.com/accounting/status/1871737902100852995)  2024-12-25T02:01Z [----] followers, [--] engagements


"@Elena40418868 @DelCrxpto Yes @DelCrxpto please confirm :)"  
[X Link](https://x.com/accounting/status/1871741917765242937)  2024-12-25T02:17Z [----] followers, [---] engagements


"@DavidSacks @BoHines its time for sensible change to crypto regulations. Lets shrink the tax gap and stop turning everyday crypto investors into tax criminals by allowing a safe harbor for unintentional non compliance. This proposal from @accounting should be implemented ASAP by the incoming administration. My problem with crypto taxes isnt as much about paying them as it is about over-complication and risk of harsh penalties for honest mistakes. I bet most would agree. https://t.co/JMWwGamIwA This proposal from @accounting should be implemented ASAP by the incoming administration. My problem"  
[X Link](https://x.com/accounting/status/1871753186077519888)  2024-12-25T03:01Z [----] followers, [---] engagements


"@realLisaDaly @TheIceman_Frost Only the exchanges and wallets that currently hold crypto"  
[X Link](https://x.com/accounting/status/1871753356307501307)  2024-12-25T03:02Z [----] followers, [---] engagements


"@psygirl604 Park the boat in the safe harbor"  
[X Link](https://x.com/accounting/status/1871753625401471035)  2024-12-25T03:03Z [----] followers, [---] engagements


"@AltcoinDailyio Even better is physical crypto Great way to own bitcoin without needing to have a software wallet"  
[X Link](https://x.com/accounting/status/1871759998164107311)  2024-12-25T03:28Z [----] followers, [---] engagements


"@xrpTreasury @xDisarmYoux Use something like https://opentimestamps.org/ https://opentimestamps.org/"  
[X Link](https://x.com/accounting/status/1871782193670042070)  2024-12-25T04:57Z [----] followers, [---] engagements


"@21centurysiegel Yes the crypto tax softwares will help you report your trades but you need to do a Safe Harbor election before 1/1 to set your cost basis method. This will allow you to use HIFO for example when using softwares later"  
[X Link](https://x.com/accounting/status/1871782506959397200)  2024-12-25T04:58Z [----] followers, [---] engagements


"@lightgoldendawn @masnjny This is still for you. And if you are moving to other cryptos you have taxable events. Trading one crypto for another is considered a sale under US tax law"  
[X Link](https://x.com/accounting/status/1871782743845306526)  2024-12-25T04:59Z [----] followers, [--] engagements


"@NormHerb @Unit_9900 Exchanges come and go all the time so best to save your records"  
[X Link](https://x.com/accounting/status/1871915724782162162)  2024-12-25T13:47Z [----] followers, [---] engagements


"@Unit_9900 @Senai833277 PR is a great option to reduce future taxes https://gordonlaw.com/learn/puerto-rico-crypto-tax-haven/ https://gordonlaw.com/learn/puerto-rico-crypto-tax-haven/"  
[X Link](https://x.com/accounting/status/1871953599938675142)  2024-12-25T16:18Z [----] followers, [--] engagements


"I wouldnt trust the IRS to calculate your cost basis - they wont do it to your advantage. In order to comply with the Safe Harbor requirements you need to document in your records your holdings. While a wallet address may show your present holdings its best to save a screenshot for the future"  
[X Link](https://x.com/accounting/status/1871995755642101973)  2024-12-25T19:05Z [----] followers, [---] engagements


"@christianbtc8 @gordonlawltd We will be emailing our clients to make sure they are complying and answer any questions. Look out for an email from our team"  
[X Link](https://x.com/accounting/status/1871996190335943004)  2024-12-25T19:07Z [----] followers, [----] engagements


"@Lar_Badar Yes we are :) You can see some of my policy suggestions at http://www.cryptotaxreform.com http://www.cryptotaxreform.com"  
[X Link](https://x.com/accounting/status/1872049574472511574)  2024-12-25T22:39Z [----] followers, [---] engagements


"@WilderWaffle Thank you"  
[X Link](https://x.com/accounting/status/1872117944404378040)  2024-12-26T03:11Z [----] followers, [--] engagements


"@navigate369 If you purchased any crypto in [----] and prior"  
[X Link](https://x.com/accounting/status/1872144572727595321)  2024-12-26T04:57Z [----] followers, [----] engagements


"@Ronald20936557 US people only - residents and citizens All exchanges Hope that helps"  
[X Link](https://x.com/accounting/status/1872236105044750653)  2024-12-26T11:00Z [----] followers, [----] engagements


"@JPac_Islander Yes Rev Proc 2024-28 allows for Global Unit Allocation or Specific Unit Allocatiom. Specific unit is out of reach for most people by the end of the year but if you can quality then 👍"  
[X Link](https://x.com/accounting/status/1872237182431449548)  2024-12-26T11:05Z [----] followers, [----] engagements


"@SacksInc In an appreciating market LIFO generally defers capital gains and accelerates losses. While FIFO accelerates long term gains"  
[X Link](https://x.com/accounting/status/1872237455472279583)  2024-12-26T11:06Z [----] followers, [---] engagements


"@son_of_satoshii The rule applies as you sell crypto in [----] and the future. The Safe Harbor allows you to optimally allocate your cost basis in what you are holding today so the cost basis is used as you sell in the future"  
[X Link](https://x.com/accounting/status/1872308522911936604)  2024-12-26T15:48Z [----] followers, [---] engagements


"@Aquarius123321 @MrManXRP Sign and hold onto it give a copy to your accountant"  
[X Link](https://x.com/accounting/status/1872308950433182188)  2024-12-26T15:50Z [----] followers, [----] engagements


"@JustinD_TCG They need to disclose on Sch D / [----] when selling But to allocate their cost basis across the tokens they hold as of 1/1/2025 they need to chose a method under the Safe Harbor by the deadline. If they want to allocate their basis"  
[X Link](https://x.com/accounting/status/1872391528557248762)  2024-12-26T21:18Z [----] followers, [---] engagements


"@GeorgesProperty Yes we help clients nationwide"  
[X Link](https://x.com/accounting/status/1872391876227354784)  2024-12-26T21:19Z [----] followers, [---] engagements


"@todd_aved Yes we do Hello@gordontax.com"  
[X Link](https://x.com/accounting/status/1872391985883128319)  2024-12-26T21:20Z [----] followers, [---] engagements


"@Henness8Jeffrey I would encourage you to do so - indicating selling oldest first (fifo)"  
[X Link](https://x.com/accounting/status/1872392567226314868)  2024-12-26T21:22Z [----] followers, [--] engagements


"@Henness8Jeffrey The rules are vague so better safe than sorry"  
[X Link](https://x.com/accounting/status/1872392709962625316)  2024-12-26T21:23Z [----] followers, [--] engagements


"@cot5r Thank you"  
[X Link](https://x.com/accounting/status/1872392754460012748)  2024-12-26T21:23Z [----] followers, [--] engagements


"@DavidKamnitzer Just the balance of each token as of now (or your last trade of the year)"  
[X Link](https://x.com/accounting/status/1872392895380283889)  2024-12-26T21:23Z [----] followers, [---] engagements


"@Freedomliving77 They can be taken before as long as youve stopped trading for the year"  
[X Link](https://x.com/accounting/status/1872482104849948992)  2024-12-27T03:18Z [----] followers, [---] engagements


"@bjoernolf @DigitalAstDegen @NewsAsset @CoinLedger Well said"  
[X Link](https://x.com/accounting/status/1872482421842841962)  2024-12-27T03:19Z [----] followers, [--] engagements


"@ArnielSia @Dante_Cook1 🙏 thank you"  
[X Link](https://x.com/accounting/status/1872482704660594739)  2024-12-27T03:20Z [----] followers, [--] engagements


"@martinsaats Yes"  
[X Link](https://x.com/accounting/status/1872889059439423632)  2024-12-28T06:15Z [----] followers, [---] engagements


"@Pagex1 If your cost basis is so low that it doesnt impact the gain much / you dont care to report the cost basis then it doesnt matter much. But weve seen the IRS argue against long term capital gains (which does matter for tax rate) if you cant show your purchases"  
[X Link](https://x.com/accounting/status/1872889462868590885)  2024-12-28T06:16Z [----] followers, [---] engagements


"@_ezekiel_btc Hard to say but that seems reasonable to me"  
[X Link](https://x.com/accounting/status/1872889652983841269)  2024-12-28T06:17Z [----] followers, [---] engagements


"@jaymzdenning @USTreasury did not make it easy to comply or give taxpayers much time Better safe than sorry so Id fill it out"  
[X Link](https://x.com/accounting/status/1872890015933718823)  2024-12-28T06:19Z [----] followers, [---] engagements


"@DWorc @HaileyLennonBTC Not many people are aware of it but I am happy to answer any questions. The rule itself can be found in Rev Proc 2024-28"  
[X Link](https://x.com/accounting/status/1872890443991797767)  2024-12-28T06:20Z [----] followers, [--] engagements


"@BowTiedGrandma https://www.youtube.com/watchv=0AE96FSTblc https://www.youtube.com/watchv=0AE96FSTblc"  
[X Link](https://x.com/accounting/status/1872890790772654408)  2024-12-28T06:22Z [----] followers, [---] engagements


"@DWorc @CryptosR_Us @CryptosR_Us please RT"  
[X Link](https://x.com/accounting/status/1873112814556229690)  2024-12-28T21:04Z [----] followers, [--] engagements


"@vslachman Before 1/1/2025x so today would suffice if you dont have any more trading for the year"  
[X Link](https://x.com/accounting/status/1873113071696396598)  2024-12-28T21:05Z [----] followers, [--] engagements


"@KalmerHawkins None will be sufficient for all those sources. But we can help Dm and lets schedule a consultation"  
[X Link](https://x.com/accounting/status/1873113199526236167)  2024-12-28T21:06Z [----] followers, [--] engagements


"@jchervinsky They also need to act on this: https://x.com/accounting/status/1871973211518439641s=46&t=qe5KLfszm_U8LZZJg0QZkA Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save: https://t.co/y9UWl9Fj4F https://x.com/accounting/status/1871973211518439641s=46&t=qe5KLfszm_U8LZZJg0QZkA Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail"  
[X Link](https://x.com/accounting/status/1873115367012454423)  2024-12-28T21:14Z [----] followers, [---] engagements


"@BillHughesDC more attention needs to be on this: Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save: https://t.co/y9UWl9Fj4F Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save: https://t.co/y9UWl9Fj4F"  
[X Link](https://x.com/accounting/status/1873115601134338564)  2024-12-28T21:15Z [----] followers, [--] engagements


"@GaryCardone more people need to know about this: Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save: https://t.co/y9UWl9Fj4F Crypto investors: The IRS Safe Harbor is your last chance to allocate unused cost basis strategically before 2025s new rules kick in. Fail to act by 12/31 You risk higher taxes and penalties. Watch this video to learn how to save: https://t.co/y9UWl9Fj4F"  
[X Link](https://x.com/accounting/status/1873116147647905860)  2024-12-28T21:17Z [----] followers, [---] engagements


"@captcrypto2020 Currently hold crypto on"  
[X Link](https://x.com/accounting/status/1873235887766815211)  2024-12-29T05:13Z [----] followers, [---] engagements


"@captcrypto2020 Save in your records and share with your accountant"  
[X Link](https://x.com/accounting/status/1873417634462757125)  2024-12-29T17:15Z [----] followers, [--] engagements


"The new IRS Broker Regulations will require exchanges to report to the IRS starting 1/1/25 on a per wallet basis"  
[X Link](https://x.com/accounting/status/1873454718116335928)  2024-12-29T19:43Z [----] followers, [---] engagements


"Most crypto investors have calculated their trades on a global basis. So that investors can transition to a per wallet method that matches the tax forms that will be issued the IRS is allowing a Safe Harbor. But you must meet the requirements"  
[X Link](https://x.com/accounting/status/1873454726517580142)  2024-12-29T19:43Z [----] followers, [---] engagements


"Under the Safe Harbor you can allocate or re-order your cost basis on the crypto you still own. For example you can choose to sell your highest cost basis first. This will defer gains and accelerate losses. You might not even pay taxes next year"  
[X Link](https://x.com/accounting/status/1873454736080556076)  2024-12-29T19:43Z [----] followers, [---] engagements


"This applies: - If youve only bought crypto and havent sold - Even if you only used centralized exchanges - Even if you only used decentralized exchanges - Have sold or traded and still hold crypto - You own crypto as of 12/31/25"  
[X Link](https://x.com/accounting/status/1873454744649527629)  2024-12-29T19:43Z [----] followers, [----] engagements


"Here is our free Safe Harbor Statement 👇 - Save it in your records (it doesnt get sent to the IRS unless you are audited. - Send a copy to your accountant https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731 https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731"  
[X Link](https://x.com/accounting/status/1873454753327587354)  2024-12-29T19:43Z [----] followers, [----] engagements


"@captcrypto2020 An app should be fine just make sure its marked with the date"  
[X Link](https://x.com/accounting/status/1873454860399755270)  2024-12-29T19:43Z [----] followers, [--] engagements


"@MartyA54091 https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf"  
[X Link](https://x.com/accounting/status/1873459945427112159)  2024-12-29T20:03Z [----] followers, [---] engagements


"@nachoburrit0_ Follow the instructions for the Safe Harbor and complete this pdf Time for a new accountant (Lets chat) https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731 https://eform.pandadoc.com/eform=d7b1c195-45ab-4eef-954a-5592b462c731"  
[X Link](https://x.com/accounting/status/1873460142500684162)  2024-12-29T20:04Z [----] followers, [--] engagements


"@Santiag78758327 Well said"  
[X Link](https://x.com/accounting/status/1873914472747978856)  2024-12-31T02:10Z [----] followers, [--] engagements


"@JohnGalt21M You will need to reconcile or account for all future cost basis before you file your return. We can help https://gordonlaw.com/services/tax-lawyer/crypto-cpa/ https://gordonlaw.com/services/tax-lawyer/crypto-cpa/"  
[X Link](https://x.com/accounting/status/1874016141980688413)  2024-12-31T08:54Z [----] followers, [--] engagements


"4/ How can you find and harvest your losses [--]. Reconcile your crypto with a professional or software to calculate your cost basis [--]. Review your holdings to identify tokens purchased for a higher price than they are trading today (these are your losses to harvest) [--]. Sell your loss tokens [--]. Selling or disposing of worthless NFTs and tokens [--]. Consider buying back tokens you want to hold"  
[X Link](https://x.com/accounting/status/1874130071641858209)  2024-12-31T16:26Z [----] followers, [---] engagements


"5/ Crypto has a unique tax loophole - you can sell at a loss record the loss for taxes and then buy the token back. So if you have a loss but want to hodl sell and buy. With stocks or securities this is called a wash sale and disallowed but the law (as of now) doesnt apply to crypto"  
[X Link](https://x.com/accounting/status/1874130074322018629)  2024-12-31T16:26Z [----] followers, [---] engagements


"@iluvdoe 3k per year against ordinary income No limit against capital gains"  
[X Link](https://x.com/accounting/status/1874171869773140029)  2024-12-31T19:12Z [----] followers, [--] engagements


"@EmDeeEm Come on IRS"  
[X Link](https://x.com/accounting/status/1874178243273908679)  2024-12-31T19:38Z [----] followers, [--] engagements


"@EvermoreCrypto @letsgobtc1 Screenshot and save in your own records The shots show a snapshot of your holdings which is required by the Safe Harbor rules"  
[X Link](https://x.com/accounting/status/1874204876143813102)  2024-12-31T21:23Z [----] followers, [--] engagements


"@chrisco @nachoburrit0_ Done"  
[X Link](https://x.com/accounting/status/1874553780550975639)  2025-01-01T20:30Z [----] followers, [--] engagements


"@DWorc If you are a US citizen you are taxed on any gains that occur worldwide. It doesnt matter if the exchange is foreign or the country doesnt charge tax. Your US citizenship trumps all"  
[X Link](https://x.com/accounting/status/1874826187916357697)  2025-01-02T14:32Z [----] followers, [--] engagements


"@toddram3 It would be great if that were true You might be thinking of Rev Proc 2025-07 which applies to holdings on centralized changes. Not quite the same issue"  
[X Link](https://x.com/accounting/status/1874826705740964190)  2025-01-02T14:34Z [----] followers, [--] engagements


"There is not a one size fits all and if anyone tells you otherwise they are lying Although HIFO defers capital gains in general it may not make sense to defer. Long term capital gains rates are 0%/15%/20% which is about HALF the short term rates. So it might make sense to use FIFO for some people and take long term gains. Especially if you think long term tax rates will increase after 2029"  
[X Link](https://x.com/accounting/status/1874973092881055888)  2025-01-03T00:16Z [----] followers, [--] engagements


"@Kebmojonz Lets schedule a consultation Hello@gordontax.com"  
[X Link](https://x.com/accounting/status/1875245671315599730)  2025-01-03T18:19Z [----] followers, [--] engagements


"@Makena90210 It doesnt change the prior years"  
[X Link](https://x.com/accounting/status/1875245790429638778)  2025-01-03T18:20Z [----] followers, [--] engagements


"@SOL28774972193 Depends on your holdings and goals. Happy to have a consult to discuss"  
[X Link](https://x.com/accounting/status/1875246660743524390)  2025-01-03T18:23Z [----] followers, [--] engagements


"@IAmATweetSir1 Yes they will"  
[X Link](https://x.com/accounting/status/1875357952686879154)  2025-01-04T01:45Z [----] followers, [--] engagements


"@I_MisterM_I Have you reconciled all your crypto holdings each year Lets schedule a consult"  
[X Link](https://x.com/accounting/status/1875748925652791742)  2025-01-05T03:39Z [----] followers, [--] engagements


"@BTCBreakdown @adama_now @OrangePillJam @HRF @maxkeiser @RT_com @business @roy_breez @Breez_Tech @PrestonPysh @fedibtc @ArkLabsHQ @mattkratter @Breedlove22 @adamobrien_ @getbasedtv @BitcoinErrorLog @Synonym_to @TFTC21 @NgachaNaomi1 @tando_me Solid list"  
[X Link](https://x.com/accounting/status/1876048369032085779)  2025-01-05T23:29Z [----] followers, [--] engagements


"@seanonolennon After doing it everyday for a few weeks your brain will tell you that it wants to exercise"  
[X Link](https://x.com/accounting/status/1876074774998471103)  2025-01-06T01:14Z [----] followers, [--] engagements


"@chrisco @mattkratter"  
[X Link](https://x.com/accounting/status/1876379779714154623)  2025-01-06T21:26Z [----] followers, [--] engagements


"@BranBTC where can I buy a Crypto Ball ticket"  
[X Link](https://x.com/accounting/status/1879745611307921634)  2025-01-16T04:20Z [----] followers, [--] engagements


"@Anchorage How can I get a ticket"  
[X Link](https://x.com/accounting/status/1879745814249312650)  2025-01-16T04:21Z [----] followers, [--] engagements


"@BranBTC Dm sent"  
[X Link](https://x.com/accounting/status/1879849929553887701)  2025-01-16T11:15Z [----] followers, [--] engagements


"1 Establish a Regulatory Sandbox Create a safe space for crypto startups to innovate under temporary regulatory exemptions fostering growth while ensuring consumer protection"  
[X Link](https://x.com/accounting/status/1881807872109207966)  2025-01-21T20:55Z [----] followers, [--] engagements


"@marcuslemonis @FOXTV Right here CPA and attorney - what every business needs. See me below 👇 https://x.com/yahoofinance/status/1881747025621864543s=46&t=qe5KLfszm_U8LZZJg0QZkA Three ways Trump could change your taxes according to tax attorney and CPA Andrew Gordon: [--] Extend and expand the Tax Cuts and Jobs Act [--] Elimination of taxes on certain income types [--] Introduction of the External Revenue Service https://t.co/Fg8YxStD60 https://x.com/yahoofinance/status/1881747025621864543s=46&t=qe5KLfszm_U8LZZJg0QZkA Three ways Trump could change your taxes according to tax attorney and CPA Andrew"  
[X Link](https://x.com/accounting/status/1882292158247657686)  2025-01-23T04:59Z [----] followers, [---] engagements


"@JustinD_TCG Agreed"  
[X Link](https://x.com/accounting/status/1882839348825235960)  2025-01-24T17:14Z [----] followers, [---] engagements


"Here's your annual reminder to start your crypto taxes EARLYthey're much harder than people think Do you have multiple trading accounts or wallets Did you stake crypto last year Did you have thousands of trades Did you engage in any DeFi or NFT transactions 👆 If you answered yes to any of those questions you will likely need professional help with your taxes. And if you wait until March or April you'll find that most qualified professionals are already at full capacity. 😱"  
[X Link](https://x.com/accounting/status/1884803652579438767)  2025-01-30T03:19Z [----] followers, [---] engagements


"Rev. Proc. 2024-28 still took effect January [--] [----]. The switch from the universal wallet method to the wallet-by-wallet allocation method is happening as planned. Taxpayers must track gains and losses separately for each walletno more aggregating transactions across all wallets. What you should do right now👇"  
[X Link](https://x.com/accounting/status/1887227177227461116)  2025-02-05T19:49Z 10K followers, [---] engagements


"1 Get familiar with the wallet-by-wallet tracking method. [--] Start your [----] crypto taxes without delay and ensure prior years are reported accurately as well. [--] Stop relying on rumors. Start relying on facts"  
[X Link](https://x.com/accounting/status/1887227179194294669)  2025-02-05T19:49Z [----] followers, [---] engagements


"🔹 Congressional leaders still pushing for tax reform. I recently met with policymakers including chair of the Subcommittee on Digital Assets Cynthia Lummis to discuss their plans for more crypto-friendly regulations. Lummis who has previously proposed modern regulatory frameworks for digital assets reaffirmed her commitment to crypto tax reform"  
[X Link](https://x.com/accounting/status/1899633717238530327)  2025-03-12T01:29Z 10K followers, [---] engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing