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Kirk Phillips

Kirk Phillips

Kirk Phillips is an entrepreneur, Certified Public Accountant (CPA) and author of "The Ultimate Bitcoin Business Guide: For Entrepreneurs & Business Advisors."

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(Dimitri Karastelev/Unsplash, modified by CoinDesk)
Consensus Magazine
Opinion
New 1099-DA Reporting Creates More Headaches for Taxpayers
You might think new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
(Dimitri Karastelev/Unsplash, modified by CoinDesk)
By Kirk Phillips
Apr 13, 2023 at 4:59 p.m. UTC
Apr 13, 2023
OpiniontaxesCrypto TaxesAccountingIRSUS
George Baxter, 1843 - The Wreck of the Reliance (George Baxter/Art Institute of Chicago)
Consensus Magazine (layer2)
Opinion
How to Avoid Getting Rekt by Crypto Taxes
Tax guidance lags innovation. So does tax software. Meanwhile, misconceptions abound. If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. This piece is part of CoinDesk's Tax Week.
George Baxter, 1843 - The Wreck of the Reliance (George Baxter/Art Institute of Chicago)
By Kirk Phillips
Feb 22, 2022 at 3:00 p.m. UTC
Feb 22, 2022
Opiniontax-weekTaxStaking
IRS form 1040, modified by CoinDesk using PhotoMosh
Policy
Taxes
Crypto Taxes: Still Confused After All These Years
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
IRS form 1040, modified by CoinDesk using PhotoMosh
By Kirk Phillips
Jul 14, 2020 at 5:40 a.m. UTC
Jul 14, 2020
TaxesOpiniontaxes 2020
Libra_banknotes_Facebook_Shutterstock
Markets
Facebook
Billion-Dollar Returns: The Upside of Facebook's Libra Cryptocurrency
If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.
Libra_banknotes_Facebook_Shutterstock
By Adam B. LevineKirk Phillips
Jul 5, 2019 at 8:00 a.m. UTC
Jul 5, 2019
FacebookLibraInvestorsFeaturesBusiness NewsMarkets News
tax, calendar
Markets
Tax
What If You Can't Pay Taxes on Your Crypto Gains?
Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.
tax, calendar
By Kirk Phillips
Apr 16, 2018 at 3:10 p.m. UTC
Apr 16, 2018
TaxIRS2018 TaxFeatures