KROST Quarterly Magazine: The Financial Services Issue is Now Available!

February 16, 2021By KROST CPAs

We are happy to announce the release of our newest quarterly magazine! The Financial Services Issue highlights some of the hot topics in financial services including Section 1244 claims, the Lender Management, LLC case study, research & development, waterfall calculations, IRC Section 1061, and FinTech trends. What You’ll Find Inside this Issue: Section 1244: Claiming Read the full article…

Donor-Advised Funds

December 11, 2018By Matthew Weber, CPA, MAcc

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. A DAF enables a taxpayer to contribute personal assets, including cash, securities, and real estate, to an investment account, in which the assets grow tax-free. The taxpayer receives an Read the full article…

The Tax Treatment of Cryptocurrency

June 20, 2018By Matthew Weber, CPA, MAcc

We recently published our new KROST Quarterly Magazine which is packed full of articles and insider knowledge focusing on tech topics. Here is an excerpt from the article “The Tax Treatment of Cryptocurrency” by Tax Manager Matthew Weber, CPA, MAcc: “Many taxpayers realized significant gains from the disposition of cryptocurrencies in 2017, and as tax Read the full article…

Tax Treatment of Cryptocurrency Transactions

February 20, 2018By Matthew Weber, CPA, MAcc

Many taxpayers realized significant gains from the disposition of cryptocurrencies in 2017, and as tax season approaches, these taxpayers must compile accounting reports, review the latest tax guidance, and determine how to correctly report their transactions to the IRS. Coinbase has a new online tax report: In the summer of 2017, the IRS narrowed its Read the full article…