Hello World
Tax Glossary
What Is “Destination-Based Sales Tax”?
Destination-based sales tax is a tax sourcing method where the final sales tax rate is determined entirely by the location...
Tax Glossary
What Is “Decentralized Finance”?
Decentralized Finance, commonly abbreviated as DeFi, is an umbrella term for a peer-to-peer financial ecosystem that allows users to trade,...
Tax Glossary
What Is Deceased Spousal Unused Exclusion (DSUE)?
The Deceased Spousal Unused Exclusion (DSUE) is the remaining portion of a deceased spouse’s federal estate tax exemption that can...
Tax Glossary
What Is “Cryptocurrency”?
Cryptocurrency is a decentralized digital or virtual currency that is secured by cryptography and recorded on a cryptographically verified distributed...
Tax Glossary
What Is a “Crypto Wash Sale”?
A crypto wash sale refers to the transaction dynamic where an investor sells a cryptocurrency token at a financial loss...
Tax Glossary
What Is a “Crypto Transaction”?
A crypto transaction is any operational movement, exchange, or receipt of digital currency recorded on a secure blockchain ledger. For...
Tax Glossary
What Is “Crypto Staking Income”?
Crypto staking income is the taxable revenue generated when an investor locks up a portion of their cryptocurrency holdings to...
Tax Glossary
What Is a “Crypto Sale”?
A crypto sale occurs whenever you dispose of a cryptocurrency or digital asset in a way that triggers a financial...
Tax Glossary
What Is “Crypto Mining Income”?
Crypto mining income is the taxable revenue generated when an individual or business entity successfully validates transactions on a proof-of-work...
Tax Glossary
What Is a “Crypto Gift”?
A crypto gift occurs when an individual transfers ownership of a cryptocurrency or digital asset to another person out of...