BitIRA Announces 7th Annual Crypto Tax Q&A

BURBANK, Calif., March 12, 2025 /PRNewswire/ — BitIRA – the Bitcoin IRA pioneer – has released its 7th Annual Crypto Tax Q&A, providing clarity on the latest cryptocurrency tax issues. Every year, BitIRA gathers top tax questions from crypto investors and collaborates with leading cryptocurrency tax experts to offer detailed, easy-to-understand answers.

“With the IRS increasing its scrutiny on crypto transactions, staying compliant is more important than ever,” said Jeremy Warner, Head of Sales at BitIRA. “This year’s tax guide addresses the most pressing concerns of crypto investors, helping them navigate complex tax rules with confidence.”

Cryptocurrency tax regulations on digital assets, staking rewards, and DeFi transactions are not always straightforward. The rules change regularly, leading many Americans in need of expert guidance during tax season.

While BitIRA specializes in cryptocurrency retirement accounts – where tax questions are nonexistent – the company provides this annual Q&A as a service to the broader crypto community.

“BitIRA customers just don’t worry about crypto tax headaches,” Warner noted. “But for those whose crypto isn’t in a tax-sheltered account, this guide could be the difference between a refund check and an audit.”

Topics Covered in the 2025 Crypto Tax Q&A:

How the new IRS Form 1099-DA impacts tax reporting
Tax implications of crypto received as a gift
The ins and outs of using crypto for payroll
Reporting DeFi yield and rewards
…and more!

Beyond the Q&A, BitIRA offers an extensive crypto tax resource center, a nationwide directory of CPAs who specialize in cryptocurrency, and a comprehensive guide on cryptocurrency taxation.

Want Crypto Diversification Without the Hassle?

For investors who want exposure to crypto‘s potential without tax headaches, BitIRA offers a Crypto IRA service for tax-advantaged investing. Since the IRS treats digital assets as personal property, crypto held in a Digital IRA enjoys tax-deferred growth – or tax-free growth in a Digital Roth IRA.

“Crypto taxes can be a burden, but they don’t have to be,” Warner added. “With a Crypto IRA, investors can bypass the complexities of taxable transactions and focus on long-term growth.”

For a detailed exploration of this year’s tax questions and expert answers, access the full 2025 Crypto Tax Q&A.

About BitIRA:

Based in Burbank, California, BitIRA is a trusted provider of self-directed Digital IRAs, empowering investors to diversify their retirement savings with cryptocurrency. For more information about BitIRA’s services, visit https://www.bitira.com.

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