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seth
seth@bitcoinpark.com
npub1w00m...wa8u
CPA at The Bitcoin Accounting Firm
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seth 10 months ago
As we round the corner on the April 15th tax deadline, I wanted to take a moment to share some trends I’m seeing among our clients: • Taxpayers opting to put their IRS balances due April 15th on a payment plan (currently ~7% interest) to free up cash for buying more Bitcoin • Taxpayers selling their rental properties and businesses to acquire more Bitcoin • Taxpayers liquidating their precious metals and other collectibles to acquire more Bitcoin • Taxpayers making charitable contributions to Donor-Advised Funds to avoid capital gains and receive larger itemized deductions • Taxpayers with substantial 1099 income forming S-Corporations, paying themselves a W-2 wage (with payroll taxes lower than self-employment taxes), and contributing to self-directed IRAs and Solo 401(k)s to acquire more Bitcoin • Taxpayers harvesting capital gains or losses, taking advantage of the fact that Bitcoin is not subject to wash sale rules
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seth 10 months ago
I can see the finish line!
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seth 10 months ago
It is becoming very clear to me that truly less than 1% of Bitcoiners understand what is happening with MSTR. It is much more than a "levered play on Bitcoin."
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seth 1 year ago
​I just had to explain what a "Ponzi scheme" is to an IRS audit examiner. How is your day going?
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seth 1 year ago
We are very excited to put this together for the community. We are looking forward to your feedback! View quoted note →
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seth 1 year ago
The last few days have proved that Bitcoiners just love to complain, it seems…
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seth 1 year ago
A year ago today, I joined @Satoshi Pacioli Accounting full time. It has been an incredible year of learning and growing, and I am blown away at what we have accomplished in the last year. The team has grown from one employee to six! It is so fulfilling getting to work on Bitcoin, and I can't wait to see where this next year takes us!
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seth 1 year ago
📍 | Cleveland, OH
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seth 1 year ago
Before and after!
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seth 1 year ago
Bitcoin is ripping. S9 space heater is humming. What a time. image