Remove avoid-capital-gains-tax
article thumbnail

IRS FUD: What you need to know about crypto taxes

TechCrunch

That means I don’t have to pay taxes on profits I make from trading crypto, right? Internal Revenue Service’ rules around crypto are sketchy in many areas, they’ve made it clear that virtual currency is treated as an investable asset for tax filing purposes. Taxable gains and losses. Fuzzy tax support.

capital 92
article thumbnail

Use IRS Code Section 1202 to sell your multimillion-dollar startup tax-free

TechCrunch

These professionals often receive inquiries from founders, equity investment firms and venture capitalists looking for ways to save on or avoid capital gains taxes on future business sales. This change was made permanent by the Protecting Americans from Tax Hikes Act of 2015, signed into law on December 18, 2015.

startup 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Important Tax Strategies for Startup Founders

Startup Blogpost

From including your team in deductibles to researching specific exemptions, here are seven answers to the question, “What are your most helpful tax strategies that every startup founder needs to be aware of?” Deducting these costs from taxes can help save a lot of money for your business in the long run.

article thumbnail

Advanced tax strategies for startup founders

TechCrunch

You can implement numerous advanced planning strategies to minimize capital gains tax , reduce future estate tax and increase asset protection from creditors and lawsuits. Capital gains tax can reduce your gains by up to 35%, and estate taxes can cost up to 50% on assets you leave to your heirs.

article thumbnail

Award-Winning Finance Expert Shares 5 Financial Musts Before Jumping Into Entrepreneurship

StartupNation

Yes, you gain freedom and more control over your projects and schedule. Do you need additional capital? Analyze your business plan: Do you have enough capital to start and fund your business? If you need additional capital, will you use your personal savings to bootstrap , take out a bank loan or consider equity crowdfunding ?

article thumbnail

Crypto investors have 1099 problems, but Cointracker helps make sure filing taxes isn’t one

TechCrunch

The upcoming tax season is likely to prove particularly complex for crypto investors, many of whom will be paying taxes on their crypto holdings for the first time ever. For US-based users with relatively simple crypto holdings, an annual tax plan with CoinTracker is free.

article thumbnail

a16z, NFX back Latitud’s effort to become ‘the operating system for every venture-backed company in LatAm’

TechCrunch

When he sold Brazilian online real estate marketplace VivaReal for $550 million several years ago, he had to pay more than $100 million in capital gains taxes due to incorporation errors made early on. It was an expensive mistake, and one he wants to help Latin American entrepreneurs avoid with his new venture, Latitud. “I