Camuso CPA

Receiving restricted token units and awards is a valuable opportunity, but it comes with unique tax obligations. By understanding the differences between RTUs and RTAs, and considering strategies like the 83(b) election, you can manage your tax burden more effectively. Proactive tax planning can save you substantial amounts and support your long-term financial growth. Navigating token awards in the Web3 space is complex, and making an informed decision about tax planning can be challenging without professional guidance. At Camuso CPA , we specialize in helping Web3 founders, investors, and early employees manage their tax obligations around restricted tokens. LEARN MORE:

Are you a Web3 founder, investor, or early employee receiving restricted token awards? Understanding the tax implications of these tokens and the potential benefits of an 83(b) election can be crucial for your financial success. This video breaks down the differences between restricted token units (RTUs) and restricted token awards (RTAs), explains the nuances of tax planning strategies, and highlights how proactive decisions can save you significant tax liabilities. We’ll also dive into: -When and why you should consider filing an 83(b) election. -The potential risks and benefits of paying taxes upfront. -Key considerations for both individuals receiving token awards and companies issuing them. Need guidance? Camuso CPA specializes in cryptocurrency and Web3 tax planning. Contact us today at camusocpa.com.

?? The Crypto Tax Clock Is Ticking! Are You Ready? As the year-end approaches, so do your opportunities to optimize your crypto taxes. With regulatory changes like Rev. Proc. 2024-28 and a new administration reshaping the tax landscape, failing to plan now could cost you big later. ?? Our 5-Day Guide to Mastering Your Crypto Taxes will teach you how to: ??Optimize your taxes and reduce liability ??Navigate key compliance and due diligence requirements ??Leverage strategies like loss harvesting and charitable giving Don’t wait until it’s too late—download the guide now and protect your gains. Access the Guide Here: https://loom.ly/PioEDmc

The cryptocurrency regulatory landscape in the U.S. is undergoing its most significant transformation yet. As the IRS steps up enforcement, compliance is no longer optional. By planning ahead, maintaining meticulous records, and adhering to new requirements, you can safeguard your investments and ensure uninterrupted access to emerging Web3 platforms. At Camuso CPA, we specialize in helping investors and businesses navigate this complex regulatory environment. If you need assistance with compliance, don’t hesitate to reach out. Preparation today will set you up for a prosperous and compliant future in the world of cryptocurrency and Web3.

Navigating the Digital Asset Landscape with SODA with Sam Leichman Join me as I sit down with Sam Leichman, blockchain practice leader at Propeller Industries and pioneer of the SODA initiative, for an insightful discussion on the future of crypto accounting and financial reporting. In this episode, Sam shares his journey from traditional finance to becoming a pioneer in crypto accounting practices. Whether you're a Web3 native or just starting to explore blockchain technology, this episode offers practical knowledge for navigating the intersection of traditional finance and crypto. Learn about SODA (Standard for On-Chain Digital Assets), an innovative open-source framework bridging traditional GAAP accounting with Web3 operations.

Are you a cryptocurrency investor or a Web3 founder? This guide explores the critical regulatory changes impacting the crypto industry, especially with 2025 on the horizon. To give you a preview: ?? Major Updates: -New 1099-DA reporting requirements -Changes to broker definitions affecting DEXes -Shift from universal to account-based accounting -Increased IRS audit predictions for 2025 -On-chain sales tax considerations -January 1st compliance deadlines ?? Why This Matters: -Only 25% of crypto traders currently comply with tax regulations -New reporting requirements begin in 2025 -Critical deadlines approaching for accounting method changes -Increased audit risk for non-compliant traders LEARN MORE: https://lnkd.in/gtJXJets

Join us for a live AMA on LinkedIn as we dive into the complexities of crypto tax changes! We'll provide expert insights and guidance on: ??Understanding Notice 2024-28 ??Preparing for the Jan 1st deadline ??Best practices for crypto tax reporting changes ??Q&A session

?? Urgent Alert: Is Your CPA Prepared for the New Crypto Tax Regulations? ?? With the IRS's recent release of Revenue Procedure 2024-28, the landscape of crypto tax compliance is changing drastically. Starting January 1, 2025, taxpayers must abandon the outdated "universal basis" method of tax reporting. Instead, you will need to track your transactions on an account-by-account basis—exchange by exchange, wallet by wallet. This shift aims to provide more accurate gain/loss calculations, reflecting your true on-chain activity. ? Time is Running Out: With the deadline just around the corner, have you had a conversation with your CPA about these crucial changes? If they haven’t warned you about Revenue Procedure 2024-28, it’s time to reassess your options. We’ve been actively alerting the entire industry about this for months. ?? Take Action Now: If your CPA hasn’t kept you informed about these new regulations, FIRE THEM! Your financial future is too important to leave in the hands of someone who isn’t proactive about your compliance. For expert guidance on navigating these changes, reach out to me and my team at Camuso CPA . Let’s ensure you’re fully prepared and keep your assets secure!

?? Attention Crypto Investors and Web3 CEOs: The IRS New Crypto Tax Deadline Is Looming! ?? The countdown is on! With the January 1, 2025 deadline for compliance with the IRS’s new crypto tax regulations under Rev. Proc. 2024-28 fast approaching, it’s time to act—before it’s too late! ? Don’t Wait! The IRS is counting on you to delay your accounting until tax season, but waiting could land you in hot water. ? Get Ahead of the Game! Accurate historical basis calculations and wallet tracking must be done now to comply with Rev. Proc. 2024-28, or you risk facing significant audit scrutiny come 2025. ? Time is Running Out! Every moment you delay could mean missing critical compliance requirements and increasing your risk for penalties and audits. This isn’t just a friendly reminder; it’s a wake-up call! Don’t fall into the trap of waiting until the last minute. Reach out to Camuso CPA today to ensure your crypto accounting aligns with Rev. Proc. 2024-28 and is ready for the new regulations. Your financial future depends on it!

?? Crypto Investors and builders: New IRS Safe Harbor Deadline & 2025 Audit Risks – Don’t Fall for the Tax Trap! The IRS is betting on many crypto investors waiting until tax season after the January 1, 2025 deadline to start addressing the new safe harbor requirements. But by then, it will be too late. Non-compliance with the safe harbor rules—such as wallet-by-wallet tracking and account-specific reporting—will not only disqualify you from IRS protections but drastically increase your audit risk for 2025. ?? Safe Harbor Standards: Crypto investors must transition to IRS-compliant tracking systems, moving away from pooled transaction methods. ?? IRS Audit Plans for 2025: The IRS has signaled intentions to ramp up audits for crypto investors, especially for those missing the safe harbor mark. ?? Avoid the Tax Trap: The IRS is counting on you waiting until tax season to get your accounting in order. Don’t fall into this trap—acting after the deadline could cost you significant tax protections. At Camuso CPA, we’re already helping clients secure compliance and minimize risks before the January deadline. Don’t wait—reach out now to get prepared and protect your investments for 2025.