Jan 17

Counting Cryptocurrency Gains And Losses Without Running Afoul Of IRS Rules

Here’s another article from Forbes.com from Adam Bergman, talking about cryptocurrencies –

2017 is viewed by many as the year of the crypto. However, with the increase in popularity and surge in value of cryptocurrencies, a significant number of cryptocurrency investors are now finding themselves in the uncomfortable position of trying to determine what, if any, is their tax liability attributable to their 2017 cryptocurrency transactions. The heightened level of taxpayer concern with correctly reporting the tax liability associated with their transactions can be directly associated to the John Doe summons the Internal Revenue Service (IRS) issued to Coinbase, one of the largest cryptocurrency exchanges in the United States.

The IRS is concerned that many U.S. taxpayers may not be accurately reporting the gains or income they have generated from their cryptocurrency transactions. Since the majority of cryptocurrency transactions have likely resulted in significant gains due to the surge in value in most cryptocurrencies, coupled with the fact that the gains are likely short-term capital gains (subject to ordinary income tax rates) since the cryptocurrencies were likely held less than 12 months, the IRS has good reason to be concerned.

As a result, in a petition filed November 17, 2016 with the U.S. District Court for the Northern District of California, the U.S. Department of Justice (DOJ) asked the court for a John Doe summons to be issued to Coinbase. The John Doe summons would require Coinbase to provide the DOJ with information related to all Bitcoin transactions it processed between 2013 and 2015. The DOJ would then share the information received with the IRS to be matched against filed tax returns. The IRS summons power is extremely broad and has been protected by the courts over the years. However, Coinbase actually had some success defending the John Doe summons issued by the IRS and was able to limit its demand to ask only for accounts that conducted Bitcoin transactions (either exchanging Bitcoin for dollars or sending or receiving coins from another Bitcoin user) worth $20,000 or more between 2013-2015.

IRS Notice 2014-21 stated clearly that for federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency. In addition, the Notice made it clear that virtual currency is not treated as a currency for tax purposes. The Notice then confirmed that cryptocurrency would be treated as a capital asset. IRS Notice 2014-21 holds that cryptocurrencies, such as Bitcoins, will be considered property, which is a capital asset and subject to the capital gains tax rules so long as it’s not held for business purposes.

As long as one holds cryptocurrencies for personal or investment purposes, any gain/loss from the sale of the cryptocurrency would be subject to the capital gains tax regime. If the cryptocurrency was held for less than twelve months (short-term capital gains), then ordinary income tax rates would apply. Whereas, if the cryptocurrency were held for twelve months or more, the favorable long-term capital gains rate would apply. The determination of a taxpayer’s overall net capital gain or loss is based on a netting formula involving all capital (cryptocurrency) transactions during the year, with the short-term gains netted against the short-term losses and the long-term gains netted against long-term capital losses. However, if one was considered in the business of trading cryptocurrencies or mining cryptocurrencies, they could be subject to the ordinary income tax rate.

The tax law divides capital gains into two different classes determined by the calendar. Short-term gains come from the sale of property owned one year or less; long-term gains come from the sale of property held more than one year. Short-term gains are taxed at your maximum ordinary income tax rate, where the maximum tax rate was lowered to 37% under the Trump tax plan. Most long-term gains are taxed at either 0%, 15%, or 20% and can be subject to the additional 3.8% tax under Obamacare. For lower-bracket taxpayers, the long-term capital gains rate is 0%.

There are exceptions, of course. The long-term capital gains rates were not impacted by the Trump tax plan. In order to determine whether your capital gains transaction will be subject to the short-term or long-term capital gains tax rules, one will need to determine their holding period. The holding period in connection with the capital asset transaction is the period of time that you owned the property before sale. When figuring the holding period, the day you bought property does not count, but the day you sold it does. So, if you bought a Bitcoin on April 20, 2017, your holding period began on April 21, 2017. Thus, April 20, 2018 would mark one year of ownership for tax purposes. If you sold on that day, you would have a short-term gain or loss. A sale one day later on April 21 would produce long-term tax consequences, since you would have held the asset for more than one year. The tax rate you pay depends on whether your gain is short-term or long-term.

On the other hand, a capital loss is a loss on the sale of a capital asset, such as a stock, mutual fund, real estate, or cryptocurrency. As with capital gains, capital losses are divided by the calendar into short-term and long-term losses and can be deducted against capital gains, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain. So, for example, if you have $2,000 of short-term loss from a cryptocurrency investment and only $1,000 of short-term gain from a cryptocurrency investment, the net $1,000 short-term loss can be deducted against your net long-term gain (assuming you have one).

If a taxpayer makes a number of stock or cryptocurrency trades in a particular year, the end result could be a mix of long-term and short-term capital gains and losses. If you have an overall net capital loss for the year, you can deduct up to $3,000 of that loss against other kinds of income, including your salary and interest income, for example. Any excess net capital loss can be carried over to subsequent years to be deducted against capital gains and against up to $3,000 of other kinds of income. If you use married filing separate filing status, however, the annual net capital loss deduction limit is only $1,500.

Since the IRS has treated cryptocurrencies as property for tax purposes and the SEC has indicated it should be treated as a security, it is believed that an individual taxpayer can generally determine whether they will be using the specific indication method, which lets one identify the specific cryptocurrency to be sold, or the first-in-first out (FIFO) method for determining the cost basis of the cryptocurrency. The FIFO is the default accounting method by the IRS, unless one has records to support another method. The specific identification option is the method likely to give one the most flexibility and potentially the best tax result. The net capital gain or loss is reported on the individual taxpayer’s federal income tax return (IRS Form 1040 – Schedule D).

It is important to remember that each time you sell or exchange a cryptocurrency for either cash, another cryptocurrency, or for goods or services, the transaction would be considered a taxable event, which would be subject to either, short-term or long-term capital gain/losses based on the basis (what you paid for the crypto), holding period, and the price the cryptocurrency was sold or exchanged for. Moreover, if the transaction was part of a business, such as mining activity, the applicable corporate or ordinary income tax rates would apply. The good news is that new mobile applications and wallets are available that can help taxpayers keep track of the necessary tax reporting information needed to properly calculate and report their tax liability with respect to their cryptocurrency transactions during the year.

In sum, as long as one purchases cryptocurrencies for personal or investment purposes, any gain/loss from the sale or exchange or the cryptocurrency would be subject to the capital gains tax regime. If the cryptocurrency was held less than twelve months, then ordinary income tax rates would apply and if the cryptocurrency were held for twelve months or more, the favorable long-term capital gains rate would apply. The total short-term and/or long-term tax due or loss recognized would be determined based off a netting formula. However, if one is considered in the business of trading cryptocurrencies or mining cryptocurrencies, the taxpayer could be subject to ordinary income tax rates.

Investing in cryptocurrencies can be a risky and speculative investment option. Nevertheless, with the potential for financial success comes real and complex tax reporting obligations. It is important to consult with a tax adviser when navigating the cryptocurrency-related tax reporting rules.

For more information about investing in cryptocurrencies, please contact us @ 800.472.0646 today!

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Jan 16

No Taxation Without Decentralization: The IRS Closes in on Crypto

Here’s a recent article from financemagnates.com talking about cryptocurrencies and the IRS –

As cryptocurrency rises in popularity, the US government is keener than ever to impose taxes on it.

2017 was a manic year for Bitcoin and cryptocurrencies all across the globe. The world suddenly began to take cryptocurrency seriously as hundreds of thousands—or perhaps millions—of new traders entered the cryptosphere for the first time.

2017 was also the year that cryptocurrency caught the eyes of the world’s governments in a serious way. The global fever to regulate cryptocurrency has certainly not passed through the West without affecting none other than the Internal Revenue Service (IRS), the United States government’s department of taxation.

In addition to the exponential rise of the crypto markets at large, the IRS has certainly taken notice that a relatively low number of tax returns reporting crypto capital gains have been filed despite the fact that so many new investors came into the space.

While no large-scale action has been taken quite yet, the IRS demanded that the popular Coinbase app hand over 480,000 of its users’ personal information and account records in November of 2017.

Initially, Coinbase attempted to stave off the probe, but a federal judge in California eventually ruled that the company was required to turn over 14,000 accounts of users who had profited by $20,000 or more in 2017. Coinbase declared the ruling a “partial victory.”

So far, there has been no direct implication that the United States government is taking steps to seize information from other centralized crypto wallets and exchanges. However, the fact that it has happened at all is certainly some indication of the future.

One thing is clear–the IRS has a vested interest in collecting on funds gained from trading and holding cryptocurrency.

Closing in on Crypto: Controversial Tax Bill of Late 2017 Closed Loophole

The United States federal government has never considered cryptocurrency to be legal tender. Rather, Bitcoin and other kinds of cryptocurrency have traditionally been legally classified as property for federal tax purposes. Practically, this has the effect of “imposing extensive record-keeping rules and significant taxes on [their] use”, according to a Forbes report.

The recent controversial tax bill that was signed into effect at the end of 2017 closed a long-standing loophole for crypto traders. Previously, crypto investors could avoid having to pay short-term capital gains taxes by using ‘1031 exchanges’.

This kind of exchange supports what’s known as a ‘like-kind’ trade in which a qualified third-party intermediary must declare that the properties being exchanged are the same kind of asset (i.e. a business for a business, or one piece of investment real estate for another). The beauty of 1031 exchanges, of course, is that they are tax-exempt.

In the past, the law regulating 1031 exchanges made no specific mention of whether or not cryptocurrencies could be traded through this medium. Now, the law explicitly states that cryptocurrencies cannot be traded on a 1031 exchange.

Under the new tax bill, any profitable trade of one cryptocurrency for another is subject to federal and state capital gains taxes. According to a report from Quartz, gains made from the sale of digital assets can be subject to a federal tax of as much as 37% as well as a state tax from 3-13%.

Long-term gains (profits from assets held for at least 366 days) will be taxed at a lower rate, somewhere between 0-20%. A single person whose income surpasses $200,000 a year could be subject to an addition 3.8% Net Investment Income Tax (NIIT).

Reporting gains can be a particularly complicated task due to the unique technical nature of some crypto gains (i.e. currencies distributed through hard forks). Additionally, crypto holders who have assets based abroad must report their holdings to both the IRS and the US Treasury using form 8938 and FinCen form 114, respectively.

Quartz also reported that funds raised through cryptocurrency cleverly could be used for charitable donations, and then claimed as tax deductions. However, the cryptocurrency must be donated as is, without converting it into fiat first, as such a conversion would “trigger a tax on the gains.”

Tax on Crypto in the United States for Business Owners, Employees, and Freelancers

As Bitcoin and other cryptocurrencies have become more popular, the practice of paying employees or freelancers in cryptocurrency has risen in popularity as well. While no cryptocurrency has been classified as legal tender in the United States, the IRS taxes income earned or paid in cryptocurrency just the same as fiat income.

If you are a business that is planning on paying a freelance or independent contractor using Bitcoin or another cryptocurrency, you must convert the amount paid into USD and then report the payment on an IRS Form 1099 (just as you would with fiat). Businesses paying their employees with cryptocurrency must follow the same process with W2 forms.

Extra Benefits for Long-Long-Term Crypto Holders?

Before and after the passage of the most recent large-scale tax bill in the US, taxation policies on cryptocurrencies have favored retirement account investors.

In a report for Forbes, IRA Financial Trust Company President Adam Bergman wrote that if funds from a retirement account are used to generate capital gains from the purchase and sale of a capital asset, the funds generated will not be taxed until the account holder receives a distribution from the account. In the case of Roth IRA or Roth 401k, qualifying distributions may not be taxed at all.

The Beast Charges Ahead

Given the largely anonymous nature of most cryptocurrencies, It’s not entirely clear how the IRS and the US government’s various other financial institutions will be able to track the trading and ownership of cryptocurrencies outside of centralized platforms and apps (like Coinbase). With the imminent advent of decentralized exchanges, this task may only become more difficult.

However, the US government–while rather slow moving, in this case–has a lot of crypto tax revenue to collect. It seems somewhat clear that the US government does want to regulate with too heavy a hand, and thereby stifle the growth of the blockchain startup industry in the United States. That being said, the US government will not drop the effort to collect what it views as rightfully its own.

For more information about using a Self-Directed IRA to invest in cryptocurrencies, please contact an IRA Expert from the IRA Financial Group @ 800.472.0646.

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Jan 11

IRA Financial Group’s Business Funding Services

The IRA Financial Group was founded by a group of top law firm tax and ERISA professionals who have worked at some of the largest law firms in the country, including White & Case LLP and Dewey & LeBoeuf LLP.

IRA Financial Group's Business Funding ServicesIn developing our Business Acquisition & Compliance Solution Structure (“BACSS”), our in-house retirement tax professionals have carefully examined and researched IRS and Department of Labor guidance to design a structure that is fully compliant with IRS and ERISA rules. Each client of the IRA Financial Group is assigned an individual retirement tax professional who will help customize a structure that satisfies his or her financial and retirement needs while ensuring the structure is developed in full compliance with IRS and ERISA rules and requirements. Our services include:

  • Establishment of “C” Corporation including Filing Fees;
  • Filing LLC Articles of Incorporation with the state;
  • Application for Corporation EIN;
  • Drafting all required initial corporate resolutions and minutes;
  • Drafting of customized Stock Purchase Agreement;
  • Drafting of customized Employee Stock Purchase Agreement;
  • Free consultation with in-house retirement tax professional on the BACSS structure;
  • Adoption of 401(k) Plan;
  • Basic Plan Document;
  • EGTRRA Amendment;
  • Summary Plan Description;
  • Trust Agreement;
  • Appointment of Trustee;
  • Beneficiary Designation;
  • Application for Plan trust EIN;
  • Assistance in the establishment of business and 401(k) Plan bank accounts;
  • Assistance with the transfer of funds to your new 401(k) Plan bank account;
  • Assistance in coordinating the completion of all IRS required information returns
  • Assistance in coordinating the acquisition of an independent business appraisal;
  • Free consultation with in-house retirement tax professional on the BACSS structure;
  • Tax support on the BACSS and the 401(K) Plan; and
  • Annual compliance review

We have developed a process that ensures speed and compliance, by using standardized procedures that work via phone, e-mail, fax, and mail. Your funds will typically be ready for investment into your new or existing business within 14-21 days.

Is there an annual fee?

In order to ensure the structure remains in compliance with IRS and ERISA rules and procedures, the IRA Financial Group suggests that each of its clients elect to use IRA Financial Group’s annual tax compliance services. Our low annual fee includes tax advice on the structure and the 401(k) Plan, as well as includes the delivery of new Plan documents in the case of a change in law. In addition, IRA Financial Group will work with you to coordinate the filing of any IRS information returns as well as the attainment of the annual business appraisal.

Please contact one of our Business Acquisition Experts at 800-472-0646 for more information.

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Jan 07

What You Should Know About Taxation Of Cryptocurrencies

This article originally appeared on Forbes.com

If you spend or invest in virtual currencies, it is crucial to understand how virtual currency transactions are treated for tax purposes.

IRS Notice 2014-21

The IRS addressed the taxation of virtual currency transactions in Notice 2014-21. According to the Notice, virtual currency is treated as property for federal tax purposes. This means that, depending on the taxpayer’s circumstances, cryptocurrencies, such as Bitcoin, can be classified as business property, investment property, or personal property. General tax principles applicable to property transactions must be applied to exchanges of cryptocurrencies. Hence, Notice 2014-21 holds that taxpayers recognize gain or loss on the exchange of cryptocurrency for other property.  Accordingly, gain or loss is recognized every time that Bitcoin is used to purchase goods or services.

Determining Basis & Gain

When it comes to determining the taxation of cryptocurrency transactions, it is important for cryptocurrency owners to properly track basis. Basis is generally defined as the price the taxpayer paid for the cryptocurrency asset.

For example, on June 1 2017, Jane purchased five Bitcoins for $6,000 ($1,200 each Bitcoin). On November 1, 2017, she used one Bitcoin to purchase $2,000 worth of merchandise via an online retailer. Jane recognized an $800 gain on the transaction ($2,000 amount realized – $1,200 basis in one Bitcoin).

Treating cryptocurrency, such as Bitcoin, as property creates a potential accounting challenge for taxpayers who use it for everyday purchases because a taxable transaction occurs every time that a cryptocurrency is exchanged for goods or services. For example, if Jane purchased a slice of pizza with one Bitcoin that she purchased on June 1 2017, she would have to determine the basis of the Bitcoin and then subtract that by the cost of the slice of pizza to determine if any gain was recognized. There is currently no “de minimis” exception to this gain or loss recognition. Taxpayers must track their cryptocurrency basis continuously to report the gain or loss recognized on each crypto transaction properly. It is easy to see how this treatment can cause accounting issues with respect to everyday cryptocurrency transactions.

On the other hand, the loss recognition on cryptocurrency transactions is equally complex. A deduction is allowed only for losses incurred in a trade or business or on a transaction entered into for profit. If Jane had recognized a $100 loss on her purchase of merchandise from the online retailer, the loss may not be deductible. If Jane uses Bitcoin for everyday transactions and does not hold it for investment, her loss is a nondeductible personal loss. However, if she holds Bitcoin for investment and cashes out of her investment by using Bitcoin to purchase merchandise, her loss is a deductible investment loss. Whether Bitcoin is held for investment or personal purposes may be difficult to determine, and further guidance by the IRS on this topic is needed.

Cryptocurrency values have been extremely volatile since its inception. As illustrated below, this volatility makes a significant difference in gain or loss recognition.

Jane purchased four Bitcoins on February 2, 2017 for $1,120 per Bitcoin, ten Ethereum coins on March 10, 2017 for $320 per coin, and 65 Litecoins on July 5, 2017 for $65 per coin.  Jane would need to keep track of the basis and sales price for each cryptocurrency transaction in order to properly calculate the gain or loss for each transaction.  In addition, if Jane purchased Bitcoins at different dates and at different prices, at sale, Jane would have to determine whether she would be selling a specific Bitcoin or use the first-in, first-out (FIFO) method to determine any potential gain or loss. The default rule for tracking basis in securities is FIFO. Taxpayers can also determine basis in securities by using the last-in, first out (LIFO), average cost, or specific identification methods. The prevalent thought is that these methods should be available for property that does not qualify as a security, and that taxpayers investing in cryptocurrency should use the method that is most beneficial to them. However, no direct IRS authority supports this position.

In sum, taxpayers must track their cryptocurrency purchases carefully. Each cryptocurrency purchase should be kept in a separate online wallet and appropriate records should be maintained to document when the wallet was established. If a taxpayer uses an account with several different wallet addresses and that account is later combined into a single wallet, it may become difficult to determine the original basis of each cryptocurrency that is used in a subsequent transaction.

The details of all cryptocurrency transactions in a network are stored in a public ledger called a “Blockchain,” which permanently records all transactions to and from online wallet addresses, including date and time. Taxpayers can use this information to determine their basis and holding period. Technology to assist taxpayers in this process is being developed currently and some helpful online tools are now available.

Characterization of Gain or Loss for Cryptocurrency Transactions

The character of gain or loss on a cryptocurrency transaction depends on whether the cryptocurrency is a capital asset in the taxpayer’s hands. Gain on the sale of a cryptocurrency that qualifies as a capital asset is netted with other capital gains and losses. A net long-term capital gain that includes gain on crypto transactions is eligible for the preferential tax rates on long-term capital gains, which is 15% or 20% for high net-worth taxpayers. Cryptocurrency gain constitutes unearned income for purposes of the unearned income Medicare contributions tax introduced as part of the Affordable Care Act. As a result, taxpayers with modified adjusted gross incomes over $200,000 ($250,000 for married taxpayers filing jointly) are subject to an additional 3.8% tax on cryptocurrency gain.

For example, on August 1, 2017, Jen, a sole proprietor, digitally accepts two Bitcoins from Steve as payment for services. On that date, Bitcoins are worth $10,000 each, as listed by Coinbase. Therefore, Jen recognizes $20,000 ($10,000 x 2) of business income. A month later, when Bitcoins are trading for $11,500 on the Coinbase exchange, Jen uses two Bitcoins to purchase supplies for her business. At that time, Jen will recognize $23,000 ($11,500 x 2) in business expense and $3,000 [($11,500 – $10,000) x 2] of gain due to the Bitcoin exchange. Since Jen isn’t in the trade or business of selling Bitcoins, the $3,000 gain is capital in nature.

Now let’s assume the same facts as above, except that Jen uses the two Bitcoins to purchase a new car for her personal use. According to the Coinbase exchange, Bitcoins are now trading at $8000. Jen will realize a loss of $4000 [($8000 – $10,000) x 2]. However, this loss is considered a nondeductible capital loss because Jen didn’t use the Bitcoins for investment or business purposes.  It is important to note that a payment using cryptocurrencies are subject to information reporting to the same extent as any other payment made in property. Thus, a person who, in the course of a trade or business, makes a payment using cryptocurrency with a fair market value of $600 or more is required to report the payment to the IRS and the payee’s cryptocurrency payments are subject to backup withholding. This means that persons making reportable payments with cryptocurrency must solicit a Taxpayer Identification Number (TIN) from the payee. If a TIN isn’t obtained prior to payment, or if a notification is received from the IRS that backup withholding is required, the payer must backup withhold from the virtual currency payment.

In summary, if a taxpayer acquires cryptocurrency as an investment and chooses to dispose of it by purchasing merchandise or services, any loss realized will be treated as a deductible investment loss. However, at times, it may be difficult to determine whether cryptocurrency is held for investment or personal purposes.

Employment Taxes and Information Reporting – Cryptocurrency Mining

According to Notice 2014-21, if a taxpayer’s mining of cryptocurrency is a trade or business, and the taxpayer isn’t classified as an employee, the net earnings from self-employment resulting from the activity will be subject to self-employment tax. Cryptocurrency mining is defined as a computationally intensive process that computers comprising a cryptocurrency network complete to verify the transaction record, called the “Blockchain”, and receive digital coins in return.  Cryptocurrency mining is considered a trade or business for tax purposes, in contrast to investing in cryptocurrencies which is considered an investment.  This is a crucial distinction since the taxation of investment gains or losses are subject to the capital gain/loss tax regime, whereas, business income is subject to a different tax regime.  A taxpayer generally realizes ordinary income on the sale or exchange of a cryptocurrency that is not a capital asset in his hands.

Inventory and property held for sale to customers are not capital assets, so income recognized by a miner of, or broker in, cryptocurrency is generally considered ordinary. If a taxpayer’s mining of cryptocurrency constitutes a trade or business, the net earnings from mining (gross income less allowable deductions) are subject to self-employment tax. Similarly, if an independent contractor receives virtual currency for performing services, the fair market value of such currency will be subject to self-employment tax. If cryptocurrency is paid by an employer to an employee as wages, the fair market value of the currency will be subject to federal income tax withholding, FICA and FUTA taxes, and must be reported on Form W-2 (Wage and Tax Statement).

Questions Remain

The IRS’s guidance in Notice 2014-21 clarifies various aspects of the tax treatment of cryptocurrency transactions. However, many questions remain unanswered, such as how cryptocurrencies should be treated for international tax reporting (FBAR & FATCA reporting) and whether cryptocurrencies should be subject to the like-kind exchange rules.

For more information about investing in cryptocurrencies, including Bitcoin, please contact us @ 800.472.0646.

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Jan 02

IRA Financial Group Sees 400 Percent Increase in Sales Since Offering Cryptocurrency Self-Directed IRA

IRA Financial Group & IRA Financial Trust Company have become the leading self-directed IRA provider of cryptocurrency retirement account solutions

IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, has seen over a 400 percent increase in sales since beginning to offer Bitcoin IRA and cryptocurrency self-directed IRA LLC Plans. “The demand for self-directed IRA cryptocurrency solutions have been overwhelming, “stated Adam Bergman, a partner with the IRA Financial Group.

IRA Financial Group Sees 400 Percent Increase in Sales Since Offering Cryptocurrency Self-Directed IRAIRA Financial Group & IRA Financial Trust Company’s Crypto IRA platform with checkbook control will allow retirement account holders to buy, sell, or hold Bitcoins and other cryptocurrency assets and generate tax-deferred or tax-free gains, in the case of a Roth IRA. The primary advantage of using a self-directed IRA LLC to make Bitcoin investments is that all income and gains associated with the IRA investment grow tax-deferred or tax-free in the case of a Roth IRA.

IRA Financial Group & IRA Financial Trust Company has partnered to offer a Bitcoin IRA LLC platform for cryptocurrency investors. The self-directed IRA LLC is an IRS approved structure that allows one to use their retirement funds to make Bitcoin and other investments tax-free and without custodian consent.

IRA Financial Group is the market’s leading provider of self-directed retirement plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

The IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.

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