Kirk Phillips

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

Recent

CDCROP: Tax Preparation Prep Taxes (Dimitri Karastelev/Unsplash, modified by CoinDesk)

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.

By Kirk Phillips

Apr 13, 2023 at 4:59 p.m. UTC

Apr 13, 2023

OpiniontaxesCrypto TaxesAccountingIRSUS

CDCROP: George Baxter, 1843 - The Wreck of the Reliance

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.

By Kirk Phillips

Feb 22, 2022 at 3:00 p.m. UTC

Feb 22, 2022

Opiniontax-weekTaxStaking

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.

By Kirk Phillips

Jul 14, 2020 at 5:40 a.m. UTC

Jul 14, 2020

TaxesOpiniontaxes 2020

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.

By Adam B. Levine Kirk Phillips

Jul 5, 2019 at 8:00 a.m. UTC

Jul 5, 2019

FacebookLibraInvestorsFeaturesBusiness NewsMarkets News

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.

By Kirk Phillips

Apr 16, 2018 at 3:10 p.m. UTC

Apr 16, 2018

TaxIRS2018 TaxFeatures