Tag: bitcoin
Cryptocurrency Giving: Why Not-for-Profits Should Consider Getting Ready
The growing number of cryptocurrency transactions is staggering with millions of users from every walk of life investing in assets such as Bitcoin to handle countless donations and financial transactions. Nationally known entities such as Fidelity and PayPal are providing customers with the resources to engage in crypto trading or sharing. It is now time for the not-for-profit sector to get ready. Organizational development managers would do well to note that potential donors to their tax-exempt groups will find cryptocurrency… Read more ›
Senior Manager Mikki Obreja Quoted in Cryptocurrency White Paper About Long-Term Capital Gains Rate for Donors
Mikki Obreja, senior tax manager at CBM, has been quoted in a white paper by CrossTower, a cryptocurrency exchange entitled “Cryptocurrency Donations”. Mikki addresses the impact on a donor’s long-term capital gains rate after the sale of bitcoin based on the donor’s taxable income and filing status. Click here to read the white paper. Councilor, Buchanan & Mitchell (CBM) is a professional services firm delivering tax, accounting and business advisory expertise throughout the Mid-Atlantic region from offices in Bethesda, MD and Washington, DC.