The Clinton Donnelly Show

📢 Big IRS Change for Crypto Traders: 1099-DA Starts in 2026 (for 2025 Taxes)If you’re trading crypto in 2025, listen up. The IRS is launching a new form—Form 1099-DA—and it could seriously mess with how your trades are reported. Whether you’re flipping coins, DCA’ing into ETH, or holding strong since the Mt. Gox days… this new rule affects you.Here’s the problem:🧾 The IRS will start getting your total proceeds, not your profit.💸...

Wondering how crypto taxes stack up between the UK and the US in 2025? Whether you're trading meme coins in Manchester or staking ETH in Texas, the rules just changed—and they're more different than you think.In this video, we break down:🇬🇧 Capital gains tax changes in the UK (hint: it's not 10% anymore)🇺🇸 Why Americans can’t escape IRS crypto reporting—even abroad🧾 The upcoming IRS Form 1099-DA and how it compares...

Is the U.S. about to eliminate income tax and capital gains tax on crypto?In this unfiltered conversation, Clinton Donnelly and Jamie Nuttall break down what could be the biggest shakeup in modern tax history — from the possible IRS shutdown to Trump’s rumored plan to turn the U.S. into a crypto tax haven.✍🏻 Sign up for our 2024 Tax Prep Waiting List today 👉 https://www.cryptotaxaudit.com/tax-prep-waiting-list?afmc=ytVisit 👉 htt...

Massive win for the crypto community! In a shocking move, both the House and Senate voted to REPEAL the IRS’s DeFi broker rule — and Trump says he’ll sign it ASAP.

This rule would’ve forced DeFi platforms and users to KYC and file 1099s like centralized brokers. But not anymore.👀 If you’re in DeFi or trade crypto, this is a HUGE moment for your privacy and tax future.💡 Want more crypto tax updates? Like, subscribe, and share to s...

Is the U.S. about to become the global crypto capital? 🚨 Wealth mentor Linda P. Jones breaks down Trump’s pro-crypto pivot, XRP’s upside, and why 2024 could be the biggest year yet for digital assets.From tokenized finance to AI + blockchain, Linda shares bold insights—and why interest rate cuts could trigger the next bull run.🚀 Whether you're a long-time investor or crypto-curious, this is the alpha you’ve been waiting for.🔔 Su...

Should your staking rewards be taxed as income? The IRS thinks so. But is that really fair? 🤔In this video, we break down IRS Revenue Ruling 2023-14 and what it means for your staking rewards. We’ll also explore the legal battle led by Joshua Jarrett and the Proof of Stake Alliance, arguing that staking rewards should be taxed only when sold, not when earned.🔥 Key takeaways:✅ What the IRS ruling actually says✅ The BIG court case ...

🚨 Thinking about filing a tax extension? Before you do, you NEED to know the truth! In this video, we break down:✅ What a tax extension really does (and what it doesn’t do).✅ IRS penalties & late fees – how much they can cost you.✅ The truth about audit risk – do extensions increase your chances?✅ Key deadlines – what you must pay by April 15 to avoid interest.🔔 Subscribe for the latest on crypto regulations, tax strategies, ...

Thinking of moving to Puerto Rico for that sweet 0% crypto capital gains tax? Hold up—there’s a lot you need to know before packing your bags! 🇵🇷💸Before you pack your bags, you need to know the risks, requirements, and IRS red flags that could cost you thousands (or even disqualify you). In this video, we break down Act 60, the residency rules, and common mistakes that could trigger an IRS audit.Here’s what you’ll learn:🔹 How t...

Don’t get caught off guard—filing your taxes is just step one! The IRS is cracking down on crypto, and if they come for you, will you be ready?🚨 If you haven’t done your own gain calculation before an audit, you’re in serious trouble. The IRS doesn’t need to prove the correct number—just that you underreported by at least $10K. And when that happens? You’re vulnerable to penalties, audits, and even criminal investigation.That’s wh...

🔥 Is Bitcoin really getting taxed?! The IRS and Biden’s 15% corporate tax grab might mean Michael Saylor’s Bitcoin holdings are under fire—even though he never sells! 😱📝 Get Ready for Taxes:✍🏻 Sign up for our 2024 Tax Prep Waiting List today 👉 https://www.cryptotaxaudit.com/tax-prep-waiting-list?afmc=ytVisit 👉 https://www.cryptotaxaudit.com/1099?afmc=yt to organize your records and Safe Harbor plan.💬 Connect with Us:Have que...

Thinking of cashing out this bull run? Don’t get wrecked by taxes or frozen bank accounts! In this episode, Clinton Donnelly talks with Sam Boyle from Caleb & Brown about the smartest ways to off-ramp your crypto profits without triggering financial nightmares💡 Key Topics:✅ How anti-money laundering laws are shutting down crypto investors✅ Why banks are flagging and canceling accounts tied to exchanges✅ The smartest ways to of...

Roger Ver, aka "Bitcoin Jesus," is asking Donald Trump for a pardon after being hit with serious tax charges. The U.S. government claims he failed to report his Bitcoin holdings when renouncing his citizenship in 2014. Is this just another example of the IRS going after high-profile crypto figures? 🔥 What do you think? Should Trump step in and pardon Ver, or is the case against him justified? Drop your thoughts in the comment...

Abolishing the IRS and replacing it with a consumption tax sounds like a no-brainer, right? But is it really that simple? 🤔 In this video, we break down: ✅ The history of taxation in the U.S. and why income tax became the standard ✅ What a consumption tax (like Europe’s VAT) really means for everyday Americans ✅ How shifting to this system could hit lower-income families the hardest This is a conversation EVERY taxpayer needs to...

🚨 Crypto investors, beware! The IRS is issuing Letter 6173, targeting crypto owners with claims of unreported income from 2016-2020. But here’s the catch—they're using scare tactics to get you to sign a statement that could waive your rights and open the door to fraud investigations. 😱 In this video, we break down: ✅ What Letter 6173 is and why it matters ✅ The hidden risks of signing and returning the letter ✅ How the IRS...

Are you a crypto trader wondering if you're at risk of an IRS audit? Spoiler: The more you trade, the higher the stakes. In this video, we break down: 🔍 Who the IRS is targeting – Hint: It’s not just the whales. 📊 What Total Positive Income means – And why it matters more than you think. 🚨 Why 75% of crypto traders aren’t reporting – And how to avoid their mistakes. 💡 Pro tips to protect yourself – From accurate reporti...

As Donald Trump and Congress consider reforming the tax code, I’m sharing 3 proposals to simplify taxes, boost the economy, and empower American taxpayers: 1️⃣ Increase the Capital Loss Limitation: The current $3,000 cap, set in 1986, hasn’t kept up with inflation. Adjusting it to $20,000–$30,000 would give investors the relief they need in today’s economy. 2️⃣ Reduce Capital Gains Taxes: A flat 10% capital gains tax rate could e...

📢 Don’t fall for the misleading headlines! There’s been a lot of rumors about the IRS "delaying" crypto tax reporting to 2026, but that’s not the whole story. In this quick update, I’ll break down what actually happened and explain why you still need to report your crypto gains in 2024 just like before. We’ll cover: ✅ The truth about the IRS’s temporary relief. ✅ Why the delay only impacts specific cost basis regulations—not yo...

Taxes might not be your favorite topic, but ignoring this could cost you thousands—and more. Before you hang up the tinsel, watch this video and take action on December 31st, 2024 👉 https://www.cryptotaxaudit.com/1099?afmc=yt It could mean the difference between keeping your hard-earned crypto gains or handing over a massive chunk to the IRS next year. 📅 Important: Take your inventory snapshot by December 31st! Don’t wait. S...

✅ Get Your Safe Harbor Plan Now: https://www.cryptotaxaudit.com/1099?afmc=yt 📅 Time is ticking—act before the end of 2024! Wrapping up 2024, we’ve received countless questions on crypto taxation, but these three stand out as the most asked: 1️⃣ Are staking rewards taxed? Learn the IRS’s stance on staking rewards and the potential implications of Revenue Ruling 2023-14. Plus, discover why some traders might choose to challenge t...