As we round the corner on the April 15th tax deadline, I wanted to take a moment to share some trends I’m seeing among our clients:
• Taxpayers opting to put their IRS balances due April 15th on a payment plan (currently ~7% interest) to free up cash for buying more Bitcoin
• Taxpayers selling their rental properties and businesses to acquire more Bitcoin
• Taxpayers liquidating their precious metals and other collectibles to acquire more Bitcoin
• Taxpayers making charitable contributions to Donor-Advised Funds to avoid capital gains and receive larger itemized deductions
• Taxpayers with substantial 1099 income forming S-Corporations, paying themselves a W-2 wage (with payroll taxes lower than self-employment taxes), and contributing to self-directed IRAs and Solo 401(k)s to acquire more Bitcoin
• Taxpayers harvesting capital gains or losses, taking advantage of the fact that Bitcoin is not subject to wash sale rules
seth
npub1w0…qwa8u
2025-04-12 13:38:27
Author Public Key
npub1w00myu2dzuq8t05ks0hfz4jgd66aarf5m5u6s7w2mtj52xr9v32s0qwa8uPublished at
2025-04-12 13:38:27Event JSON
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"kind": 1,
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"content": "As we round the corner on the April 15th tax deadline, I wanted to take a moment to share some trends I’m seeing among our clients:\n\n\t•\tTaxpayers opting to put their IRS balances due April 15th on a payment plan (currently ~7% interest) to free up cash for buying more Bitcoin\n\t•\tTaxpayers selling their rental properties and businesses to acquire more Bitcoin\n\t•\tTaxpayers liquidating their precious metals and other collectibles to acquire more Bitcoin\n\t•\tTaxpayers making charitable contributions to Donor-Advised Funds to avoid capital gains and receive larger itemized deductions\n\t•\tTaxpayers with substantial 1099 income forming S-Corporations, paying themselves a W-2 wage (with payroll taxes lower than self-employment taxes), and contributing to self-directed IRAs and Solo 401(k)s to acquire more Bitcoin\n\t•\tTaxpayers harvesting capital gains or losses, taking advantage of the fact that Bitcoin is not subject to wash sale rules",
"sig": "52c73d20be257e2fe213096a47673c5c4f25e937c34d35125659d2ad0f4391bedb98c1999249646ebdaed38f078baef2eba9e202266fe03db27f5017d6b66b2f"
}