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Before 2019, taxation on Airdrop tokens was fairly unclear. There were two sides that most tax professionals were on. One was that airdropped tokens were only taxable when sold, using a cost basis of zero. This followed the logic of stock splits. The other side said that you pay tax as ordinary income on the […]

Important dates for the upcoming tax season! – Efile for the 2021 tax year officially opens up on January 24th – W2s and 1099s are to be mailed by January 31st – S Corp & Partnerships are due March 15th – C Corp and Personal Taxes are due April 18th (due to Emancipation Day on […]