Engiven, Inc. Launches IRS Tax Form and Appraisal Service for Cryptocurrency Donations Tax Season Is Made Seamless for Organizations & Donors Using The Engiven Platform SAN DIEGO, Calif. - March 29, 2022 - Engiven, Inc., a pioneer in the cryptocurrency donation...
How does the IRS say we need to treat crypto? • The IRS has classified crypto as a virtual currency and treated as property (not a fiat currency or security). Why should my non-profit accept crypto donations? • Donors are looking for creative ways to give that both...
The meteoric rise of cryptocurrency over the past year has left many “hodlers” with large gains in value. Since the IRS currently recognizes crypto as a noncash asset, not a currency, as soon as you attempt to take those gains you are faced with some potentially...