The Clinton Donnelly Show

What happens to your crypto when you die? The IRS has strict rules on inheritance, estate taxes, and the powerful step-up basis that can save heirs from massive capital gains. Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” breaks down how the $15 million lifetime exemption, the 40% estate tax rate, and the step-up basis apply to crypto holders in 2025.💼 What you’...

What is FIFO in crypto taxes, and why does the IRS say it matters in 2025? FIFO means “First In, First Out.” When you sell crypto without specifically identifying which units you’re selling, the IRS assumes the first coins you bought are the first ones you sold. Starting with the 2025 tax year (filed in 2026), the IRS requires cost‑basis methods to be applied on a by‑account (wallet‑by‑wallet) bas...

Is all crypto income taxable? The IRS doesn’t treat every crypto move the same. Selling, trading, mining, staking rewards, and airdrops are taxable. Wallet transfers, collateral staking, and borrowing against crypto are not. But here’s the catch: if a lender liquidates your collateral, the IRS counts it as a taxable sale. Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fix...

Quick answer: It delays taxes until you sell your coins, but in many cases, you could end up paying more to the IRS, not less.👨‍⚖️ Clinton Donnelly, founder of CryptoTaxAudit and known as the “Crypto Tax Fixer,” explains why this bill matters and how it compares to current IRS rules for mining and staking. Using a $10K mining example, he shows the surprising difference between taxing coins at the...

Trump proposed that tariffs — collected through a Department of External Revenue — could reduce or even replace the IRS’s reliance on income taxes. In this video, Clinton Donnelly explains how tariffs might bring in $1 trillion per year, why the IRS still collects over $2.5 trillion from income taxes, and whether tariffs alone could realistically fund the U.S. government. Clinton Donnelly, founder...

When Citibank closed a client’s $5 million account after a single Coinbase transfer, it showed the brutal reality of debanking. Donald Trump’s new executive order claims to protect political targets, but does it actually stop banks from shutting down crypto users? In this video, Clinton Donnelly explains:• What debanking is and how it happens• Why Trump’s order doesn’t fix FinCEN’s “high-risk” cry...

2025 is a turning point for crypto taxation — and the reporting net is tightening. Under the EU MiCA rules and U.S. broker-dealer regulations, exchanges will start sending detailed transaction data, including wallet transfers, to tax authorities. By 2026, the IRS will receive 1099-DA forms for U.S. taxpayers, making it harder than ever to stay under the radar. In this video, Clinton Donnelly break...

Is this the Golden Age of Crypto? Executive Director of Digital Assets Bo Hines shares his policy recommendations to usher in a new era for digital assets — but what’s actually in the framework, and what does it mean for your taxes? In this video, Clinton Donnelly breaks down the newly released Crypto Framework 2026 and how it could reshape IRS oversight, wallet tracking, and staking rules by 2026...

Are crypto gains tax-free in Portugal for U.S. citizens? Not exactly. 🇺🇸🇵🇹In this video, international tax expert Clinton Donnelly explains how U.S. citizens are taxed on their cryptocurrency—even if they live in Portugal under the NHR regime.✅ Learn:- Whether Portugal taxes crypto gains under NHR- Why U.S. citizens still owe tax on global crypto income- How the IRS treats long-term vs. short-ter...

The IRS is launching 1099-DA forms starting January 2026, and they’re about to change how crypto is reported in the U.S.In this must-watch video, Clinton Donnelly breaks down what the 1099-DA is, how it exposes your wallet addresses, and why failing to act could land you on the IRS’s audit radar. Whether you’re a casual investor or a DeFi power user, you need to understand what’s coming. What you&...

Senator Cynthia Lummis just dropped a major crypto tax proposal, which could shake up how the IRS handles staking, lending, tax loss harvesting, and small DeFi transactions. The Digital Asset Tax Fairness Act isn’t law yet, but if passed, it would introduce 6 new rules that every crypto investor needs to understand. Clinton from DROPS breaks down what’s smart in the bill… and what makes zero sense...

: 🛡️ Need help with your 2025 U.S. crypto tax return? Get expert support and audit defense at CryptoTaxAudit.com 🇵🇹 Living in Portugal with crypto? Talk to Thomas Maas , a trusted Portuguese tax advisor with deep crypto expertise. 🎧 In this episode, Clinton Donnelly of CryptoTaxAudit breaks down what U.S. expats in Portugal need to know about crypto taxes — including IRS reporting, the NHR regime...

Tax attorney Anthony Parent (aka IRSMedic) joins Clinton Donnelly for a bold and revealing conversation about the IRS, international tax injustice, and why crypto holders should be on high alert. From FBAR penalties to the abusive power of the tax system, this episode is a deep dive into the mechanics of financial control—and how to fight back.🔥 In this episode:- Why Anthony compares the IRS to a...

Are you worried about a CP2000 letter for your crypto trades? Starting in 2026, the IRS will receive detailed 1099-DA reports from exchanges — and they’re likely to trigger thousands of CP2000 notices. These reports often show gross proceeds with no cost basis, making it look like you made massive gains even when you didn’t. Clinton Donnelly explains what to expect — and how to protect yourself....

😱 WTF is 1099-DA? This NEW crypto tax form drops in January 2026—and if you miss it, you will get a nastygram from the IRS. Here’s what it means, how it compares to 1099-K & 1099-B, and why your next Coinbase report could trigger an audit.🎯 In this video:- What is IRS Form 1099-DA- Key differences from 1099-B, 1099-K & consolidated 1099s- What happens if you ignore one of these forms- Wh...

😱 Is your crypto data safe from the IRS? A Supreme Court case might flip the rules. If you've ever received IRS Letter 6174-A… this affects YOU.In this video, you'll learn:- What the Harper v. IRS case is really about- How John Doe summons pulls your Coinbase data- Why Letter 6174-A might violate your Fourth Amendment rights- What this case means if you’ve traded crypto from 2016–2024-Why the IRS...

The IRS is watching — and 6174-A is their first move. If you trade crypto and got this letter (or fear one’s coming), you need to understand what it really says — and what the IRS isn’t telling you. In this episode, Clinton Donnelly breaks down:🔍 What You’ll Learn:The true purpose behind IRS Letter 6174-A (hint: scare tactics)- Why calling the number on the letter is a trap- What this letter reve...

The IRS isn’t just going after Coinbase and Kraken anymore. DeFi protocols like Uniswap are now in the crosshairs — and the new 1099-DA broker-dealer rules could reshape crypto forever. In this episode, we break down: What Form 1099-DA is — and when it goes live Why Coinbase, Kraken, Uphold & Robinhood must comply The controversial DeFi broker rule dropped in Dec 2024 How Uniswap could be forc...

What is the greatest misconception US crypto traders have? That you’re only taxed when you cash out to fiat. That’s just wrong. In this video, we break down one of the most misunderstood crypto tax rules in the U.S.:➡️ Every crypto swap, exchange, or stablecoin trade can be a taxable event➡️ The IRS doesn’t care if you cashed out — they care if you gave up ownership➡️ Staking and airdrops are cons...

The IRS Has Your Binance Data — Here's What That Means for U.S. Crypto TradersIf you traded on Binance International, you might think the IRS doesn’t know. But they do now. Following a major settlement with Binance, the IRS has gained access to a treasure trove of account data — and they're connecting the dots fast.🚨 In this video, Clinton explains:How the IRS links anonymous Binance accounts to...

A lot of crypto traders think they’re in the clear if they’re using foreign exchanges like Binance International, KuCoin, MEXC, Bitget, or OKX.Here’s the truth:✅ As a U.S. taxpayer, you’re taxed on your worldwide income🚫 These exchanges don’t issue 1099s — but you’re still legally required to report💸 Capital gains, staking rewards, airdrops — all taxable🔍 The IRS may not know right now, but an...

Congress is proposing a bold new savings plan: the MAGA Account (Money Account for Growth and Advancement). It could allow you to contribute $50,000 tax-free to a child’s future — for school, a home, or even launching a business. But here’s the fine print...It could apply retroactively to 2025 — but expires after 2028.It doesn’t require a parent-child relationship. And it’s already raising eyebrow...

The House just unveiled a new GOP tax bill — and it’s making waves. Trump’s 2017 tax cuts may become permanent, but this bill has major implications for who benefits… and who gets left out. In this video, Clinton Donnelly breaks down what’s inside the bill, what’s missing, and how it impacts:✅ Small business owners (QBI deduction bumped to 22%)✅ High-net-worth families (gift/estate exemption rai...

Crypto traders and investors — the IRS is watching. 🚨 Letters 6173, 6174, and 6174-A are hitting mailboxes right now. These letters are 100% real — NOT phishing scams. The IRS has been sending them since 2019, and in 2025 they’ve ramped up big time, sending out tens of thousands every month.👉 Don’t wait — get your FREE letter review today:https://www.cryptotaxaudit.com/audit-letter-review🚨 Thou...

Save on Crypto Taxes by Gifting to Charity — But Here’s the Trap If You Gift to Friends 😳Looking to reduce your crypto tax bill in 2025? 🧾 Gifting cryptocurrency can be a decisive move — but only if you do it the right way. In this video, Clinton Donnelly breaks down:✅ How donating crypto directly to a charity avoids capital gains tax⚠️ Why gifting to friends passes along your cost basis (and a...