Tax Benefits

Key Tax Q&A for the Nonprofit

Key Tax Q&A for the Nonprofit

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...

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4 Reasons Why I’m Donating My Crypto

4 Reasons Why I’m Donating My Crypto

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...

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