Tag Archives: tax

Crypto Currency Tax Matters

If you’ve hopped onto the cryptocurrency train, you should be aware that the IRS is all over this. So, if you’re paying employees in Bitcoin (or alts), you must report it on a W-2 and withhold just like dollars (except … Continue reading

Posted in accredited investor, Banking, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Comes With Tax Issues

Bad news, crowdfunders. Tax professionals are saying that the Internal Revenue Service (and probably your friendly State tax collector) believe that all moneys you receive from crowdfunding is taxable income. Guess what? That DVD reward, it’s considered a “sale” and … Continue reading

Posted in accredited investor, balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Tax Matters*

Not fair? Wisebread notes that crowdfunding campaigns for charitable causes could result in the web portal filing an IRS Form 1099 that would indicate that you received income during the year. The site suggests that if you do that “make … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Uncategorized, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Best and Worst States for Business?

Website surveys are a lot like political polls. Opinions. GOBankingRates conducted a study that looked at the startup opportunities, existing small businesses, business tax climate and other factors in each of the 50 states and ranked the states, as follows: … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunders Know How To Start Up Without Capital

Well, duh. Crowdfunders know that the best way to start a business without capital is to have your customers pay in advance. Even the IRS has noted that “rewards” promised on Kickstarter are actually sales upon which income taxes will … Continue reading

Posted in Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunders Can Use Tax Gifts

Lame duck Washington, D.C. mayor Vincent Gray gave a gift to technology investors on his way out of office by signing a new law decreasing the capital gains rate on technology investments from a maximum 8.95% to just 3.0%. To … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Tax, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Tax

States are now hip to collecting sales tax on rewards-based crowdfunding. Washington State has issued a release that says that “the project creator is required to collect sales tax on donations if you provide retail services (such as meals), digital … Continue reading

Posted in Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Tax, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Film/TV Tax Expense Relief in Extenders Bill

Congress may show some bi-partisanship in the lame duck session between now and the holidays by passing the Tax Extenders Act of 2013 that will give businesses a number of tax breaks that expired in 2013, including but not limited … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fewer Startups Hurt U.S. Economy

Two economics professors have determined that the U.S. will suffer over a trillion dollars of lost business output due to the lack of new business startups in recent years. Messrs. Prescott and Ohanian have determined that the number of new … Continue reading

Posted in Banking, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding With Bitcoins – Multiple Tax Bites?

Let’s say you bought a Bitcoin for $200 a few months ago and then used it to buy some shares on Angel List today at its current value $448.60 (according to ¬†http://preev.com/). Here’s the problem. That transaction may have resulted … Continue reading

Posted in Banking, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment