The Clinton Donnelly Show

😱 WTF is 1099-DA? This NEW crypto tax form drops in January 2026—and if you miss it, you will get a nastygram from the IRS. Here’s what it means, how it compares to 1099-K & 1099-B, and why your next Coinbase report could trigger an audit.🎯 In this video:- What is IRS Form 1099-DA- Key differences from 1099-B, 1099-K & consolidated 1099s- What happens if you ignore one of these forms- Why missing one box could cost you th...

😱 Is your crypto data safe from the IRS? A Supreme Court case might flip the rules. If you've ever received IRS Letter 6174-A… this affects YOU.In this video, you'll learn:- What the Harper v. IRS case is really about- How John Doe summons pulls your Coinbase data- Why Letter 6174-A might violate your Fourth Amendment rights- What this case means if you’ve traded crypto from 2016–2024-Why the IRS is sending 10,000 letters a month ...

The IRS is watching — and 6174-A is their first move.If you trade crypto and got this letter (or fear one’s coming), you need to understand what it really says — and what the IRS isn’t telling you. In this episode, Clinton Donnelly breaks down:🔍 What You’ll Learn:The true purpose behind IRS Letter 6174-A (hint: scare tactics)- Why calling the number on the letter is a trap- What this letter reveals about your Coinbase/Binance hist...

The IRS isn’t just going after Coinbase and Kraken anymore. DeFi protocols like Uniswap are now in the crosshairs — and the new 1099-DA broker-dealer rules could reshape crypto forever.

In this episode, we break down:

• What Form 1099-DA is — and when it goes live

• Why Coinbase, Kraken, Uphold & Robinhood must comply

• The controversial DeFi broker rule dropped in Dec 2024

• How Uniswap could be forced to KYC its users

• Legal and politic...

What is the greatest misconception US crypto traders have?That you’re only taxed when you cash out to fiat. That’s just wrong.In this video, we break down one of the most misunderstood crypto tax rules in the U.S.:➡️ Every crypto swap, exchange, or stablecoin trade can be a taxable event➡️ The IRS doesn’t care if you cashed out — they care if you gave up ownership➡️ Staking and airdrops are considered income on the day you receive ...

The IRS Has Your Binance Data — Here's What That Means for U.S. Crypto TradersIf you traded on Binance International, you might think the IRS doesn’t know. But they do now. Following a major settlement with Binance, the IRS has gained access to a treasure trove of account data — and they're connecting the dots fast.🚨 In this video, Clinton explains:How the IRS links anonymous Binance accounts to U.S. taxpayersWhy your wallet-to-Co...

A lot of crypto traders think they’re in the clear if they’re using foreign exchanges like Binance International, KuCoin, MEXC, Bitget, or OKX.Here’s the truth:✅ As a U.S. taxpayer, you’re taxed on your worldwide income🚫 These exchanges don’t issue 1099s — but you’re still legally required to report💸 Capital gains, staking rewards, airdrops — all taxable🔍 The IRS may not know right now, but an audit will uncover the gaps📄 Missi...

Congress is proposing a bold new savings plan: the MAGA Account (Money Account for Growth and Advancement). It could allow you to contribute $50,000 tax-free to a child’s future — for school, a home, or even launching a business.But here’s the fine print...It could apply retroactively to 2025 — but expires after 2028.It doesn’t require a parent-child relationship.And it’s already raising eyebrows during election season.In this vide...

The House just unveiled a new GOP tax bill — and it’s making waves.Trump’s 2017 tax cuts may become permanent, but this bill has major implications for who benefits… and who gets left out.In this video, Clinton Donnelly breaks down what’s inside the bill, what’s missing, and how it impacts:✅ Small business owners (QBI deduction bumped to 22%)✅ High-net-worth families (gift/estate exemption raised to $15M)✅ Families claiming the chi...

Crypto traders and investors — the IRS is watching. 🚨 Letters 6173, 6174, and 6174-A are hitting mailboxes right now.These letters are 100% real — NOT phishing scams.The IRS has been sending them since 2019, and in 2025 they’ve ramped up big time, sending out tens of thousands every month.👉 Don’t wait — get your FREE letter review today:https://www.cryptotaxaudit.com/audit-letter-review🚨 Thousands of crypto traders are receiving...

Save on Crypto Taxes by Gifting to Charity — But Here’s the Trap If You Gift to Friends 😳Looking to reduce your crypto tax bill in 2025? 🧾 Gifting cryptocurrency can be a decisive move — but only if you do it the right way.In this video, Clinton Donnelly breaks down:✅ How donating crypto directly to a charity avoids capital gains tax⚠️ Why gifting to friends passes along your cost basis (and a surprise tax bill)🧠 The rules aroun...

📢 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...