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Jul 13 •
🏆 WELCOME TO CRYPTO TAX HQ — READ THIS FIRST
I'm Samuel Oduro — MBA, Enrolled Agent (EA), former EY & PwC. Federally licensed by the US Treasury. 320K YouTube subscribers. I built this community for one reason: most crypto investors are overpaying the IRS — or worse, don't know they owe. That ends here. Whether you're in the US, abroad, or investing internationally — there's something here for you. ━━━━━━━━━━━━━━━ YOUR FIRST 3 MOVES ━━━━━━━━━━━━━━━ 1️⃣ INTRODUCE YOURSELF Post in "Introduce Yourself" → your name, country, and #1 crypto tax question. I personally read every single one. You'll hear from me. 2️⃣ GET YOUR FREE STARTER RESOURCE Grab the free 2026 Crypto Tax Preparation Checklist — every document to gather and the red flags that usually mean amended returns. → empowercapital.co/resources/crypto-tax-checklist 3️⃣ JOIN THE SUNDAY NEWSLETTER Every Sunday I break down one crypto tax or wealth strategy in plain English. It's free. → empowercapital.co ━━━━━━━━━━━━━━━ WHO I CAN HELP AS A TAX PROFESSIONAL ━━━━━━━━━━━━━━━ ✅ US residents — crypto returns, IRS notices, audit defense, OIC ✅ US citizens abroad — expat returns, FBAR, FATCA (you still owe the IRS) ✅ Non-US residents with US income — 1040-NR, US exchange reporting, LLC taxes If any of these apply to you: → Post in "💼 Work With Samuel" or book a free call: calendly.com/samuel-empowercapital/15min ━━━━━━━━━━━━━━━ COMMUNITY RULES ━━━━━━━━━━━━━━━ ✅ Respect everyone. Zero tolerance for spam or self-promotion. ✅ Ask real questions — no question is too basic. ✅ Share wins and knowledge freely — we grow together. ⚠️ This is tax education, not personalized tax advice. For your specific situation: book a call or email tax@empowercapital.co Let's build wealth the right way. 🙏 — Samuel Oduro, MBA, EA IRS Enrolled Agent | Empower Capital Tax Advisors LLC
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Jul 6 •
Took crypto profits this year? The IRS expected a payment 3 weeks ago
Most crypto investors think taxes are a once-a-year event. The IRS disagrees. If you sold crypto at a gain in the first half of 2026, the IRS expected an estimated tax payment by June 15 — the Q2 deadline. No exchange withholds taxes for you, so unless you sent a payment yourself, nothing was sent. That's how investors rack up underpayment penalties without ever missing "Tax Day." As an EA, this is one of the most common — and most avoidable — penalty triggers I see on crypto returns. The safe harbor rule most investors miss: → Pay in at least 100% of last year's total tax (110% if your AGI was over $150K), spread across the year, and you're penalty-proof — no matter how big this year's gains are. → Or pay at least 90% of what you'll actually owe for 2026. → Next checkpoint: the Q3 estimated payment is due September 15. If you took profits in H1 and haven't made an estimated payment yet, you still have time to limit the damage before September. Drop your question below 👇 — or book a free 15-min call if this applies to you: calendly.com/samuel-empowercapital/15min — Samuel Oduro, EA | Empower Capital | empowercapital.co
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May 6 •
🚨 IRS Notice 2026-20: Your Broker's Cost Basis Records Just Got More Time
🚨 IRS ALERT — MAY 6, 2026 The IRS released Notice 2026-20 in March — and if you hold crypto on Coinbase, Kraken, or any custodial exchange, this directly affects how your cost basis gets reported. Here's what it means in plain English: Starting with 2026 transactions, brokers are required to report both your gross proceeds AND your adjusted cost basis on Form 1099-DA. But Notice 2026-20 gives taxpayers extended transition relief — meaning you still have time to rely on your OWN records when identifying which lots you're selling, rather than defaulting to your broker's records. Why this matters: → Brokers default to FIFO (first in, first out) — which often triggers the HIGHEST possible tax bill → If you've held BTC or ETH at multiple price levels, choosing HIFO (highest cost first) can legally eliminate tens of thousands in taxable gains → This relief window is temporary — once it closes, your broker's method locks in Action items for right now: 1. Export your complete transaction history from every exchange you use 2. 2. Identify your cost basis method (FIFO, HIFO, LIFO, or specific ID) 3. 3. If you haven't documented your method yet — do it before December 31, 2026 This is one of the most important compliance windows of the year. Don't let it close without acting. Questions? Drop them below or book a free call: calendly.com/samuel-empowercapital/15min — Samuel Oduro, MBA, EA | IRS Enrolled Agent | Former EY & PwC | empowercapital.co
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May 4 •
The mid-year move most crypto investors never make (but should)
Most crypto investors only think about taxes in April. The ones who build real wealth think about them in May. Here's the move almost no one talks about: mid-year tax-loss harvesting. You don't have to wait until December. Right now — May — is one of the best times to audit your portfolio for positions sitting at a loss. You have 7+ months to reallocate before year-end, and markets have already moved significantly since January. As an EA, I see clients leave tens of thousands on the table every year simply because they didn't review their unrealized losses mid-year. Here's what to look for right now: → Any position worth less than what you paid? That's a harvestable tax loss. → Losses offset gains dollar-for-dollar before the IRS gets a cent. → No wash sale rule on crypto (for now) — you can sell and immediately rebuy the same coin. Tax Day just passed. That makes this the single best window to start planning for next April — before most people even think about it. What coin or position are you currently sitting on a loss in? Drop it below 👇 — Samuel Oduro, EA | Empower Capital | empowercapital.co
Apr 20 •
The IRS checks this one thing first on every crypto return
Cost basis. Every time. When the IRS reviews a crypto return, they go straight to one question: "Can you prove what you paid for this asset?" If you can't, they default to $0 — which means your entire sale proceeds become taxable gain. Here's what I see constantly as an EA: → Investor buys 1 ETH for $2,000 in 2023. Sells for $3,500 in 2025. → Actual gain: $1,500. Tax owed: $225 (at 15% LTCG rate). → Missing records? IRS assumes cost basis = $0. Tax owed: $525. → That's $300 extra in taxes — on a single trade. Multiply that across 50, 100, or 500 transactions and you see the problem. The fix is simple but most investors skip it: ✅ Export your full transaction history from every exchange you've used ✅ Choose your cost basis method (FIFO, HIFO, or specific ID) and stick to it ✅ Document it — not just in your head, but on paper the IRS can see After Big Four tax work at EY and PwC, this is still the #1 fixable mistake I see on crypto returns. Drop your question below 👇 — what exchange or wallet is giving you the most headaches with records? — Samuel Oduro, EA | Empower Capital | empowercapital.co
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The only free crypto tax community led by a Big Four-trained IRS Enrolled Agent. Weekly IRS alerts, tax strategy & live Q&A. Led by Samuel Oduro, EA.
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