David Kemmerer, Co-founder & CEO of CryptoTrader.tax: How The IRS is Viewing Crypto

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 15 November 2019

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Kemmerer is the co-founder and CEO of CryptoTrader.tax. In this conversation, David and Anthony Pompliano discuss the new tax guidance from the IRS, why it’s so complex, why cryptocurrencies are becoming more difficult to report through the legacy infrastructure exchanges, and how CryptoTrader.tax is helping clients quickly and accurately report their tax treatments. BLOCKFI-----BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. CRYPTO.COM-----Crypto.com is a pioneering payment and cryptocurrency platform that seeks to accelerate the world's transition to cryptocurrency. With the vision of "cryptocurrency in every wallet", the Crypto.com App offers a full range of financial products with competitive pricing, well designed UX and high security. It is the best place to buy, sell and pay with crypto. COINMINE-----The Coinmine One is like an Xbox that turns your electricity into Bitcoin. You just plug it in, connect to wifi, and tap on the crypto you want. It’s so easy anyone can do it. Everything is controlled from the Coinmine mobile app and the Coinmine keeps getting better with over the air updates that add new coins, features and services to your Coinmine. Visit coinmine.com/pomp to get a Coinmine and earn crypto for powering a new world. ETORO-----This episode of Off the Chain is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join 11 million other traders and create an account at etoro.com and build your crypto portfolio the smart way.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to Off the Chain, simply the best podcasting crypto. Let's kick this thing off.
0:12.5	David Kemmerer is the co-founder and CEO of Cryptotrater. Tax. In this conversation, we discussed the new tax guidance from the IRS, why it is so complex,
0:23.7	how cryptocurrencies are becoming more difficult to report through the legacy infrastructure
0:28.0	exchanges, and how Cryptotrater.tax is helping clients quickly and accurately report their
0:33.4	required tax treatments. I really enjoyed this conversation conversation and I learned a lot. I hope you
0:38.8	enjoy it as well.
0:40.4	Scurt, skirk!
0:41.5	Want to know who has the best URL? Crypto.com. That's right, crypto.com.
0:47.0	They're a crypto platform with one goal. Motherf-fucking mass adoption. That's why we're all
0:52.4	here. We're trying to get crypto in every wallet.
0:55.6	Crypto.com is helping people do that through buying, earning, lending, and card payment.
1:00.5	Everything you could want at crypto.com.
1:03.1	Go help your boy out.
1:04.3	Tell them Pomp sent you.
1:05.6	Download the app or visit crypto.com.
1:08.5	Pomp's got you always.
1:10.4	Everyone to get into mining and didn't know how? Don't worry, your boy Pomp's got you.
1:15.1	Everybody got some electricity and Wi-Fi.
1:17.8	All you got to do is go to coinmine.com. You buy a coin mine.
1:21.7	It's like an Xbox or a PlayStation that helps you turn your electricity into Bitcoin.
1:26.3	That's right. You purchase it, it shows up at your
1:28.8	doorstep, you pull it out of the box, you plug it in, connect to your Wi-Fi, five minutes or less
	...

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