James Yochum, CPA (@JTheAccountant) / X

James Yochum, CPA

10K posts

James Yochum, CPA

@JTheAccountant

CPA-led guidance for business growth, tax clarity, IRS resolution & legacy planning. @ConsultCorridor

United States

corridor-consulting.com

Joined January 2015

Pinned
James Yochum, CPA
@JTheAccountant
Apr 16
Are you the one handling finances in your household? If something happened to you tomorrow… would your spouse know who to call? The best move isn’t doing it all yourself, it’s building a team they trust. Too many families face avoidable chaos because there was no plan.
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James Yochum, CPA
@JTheAccountant
Nov 6, 2021
H.R.3684 Infrastructure bill passed. Digital Assets are now covered securities. Reporting will be ushered in for all crypto brokers to report to IRS data on activity from 1/1-12/31/23 of all crypto transfers to other non US brokers (private wallets/offshore) #XRP #SEC #Ripple
James Yochum, CPA
@JTheAccountant
Jan 26, 2023
Real reason there’s a tax professional shortage? Tax is one of the most complicated laws you can study. And every year our government tries to simplify it, they make it more complex. Maybe the warning here is the lack of tax professionals, and the problem is the code 🤷‍♂️
115K
James Yochum, CPA
@JTheAccountant
Nov 6, 2021
Replying to @JTheAccountant
This is a huge damn deal for the #NFT space. You’ve got 15 days to report this information on Form 8300 and violation of 6050i is a felony. A Felony for selling NFTs, because digital asset is now concerned as “cash” for this provision. Insane.
James Yochum, CPA
@JTheAccountant
Nov 6, 2021
Replying to @JTheAccountant
Reading closer they have added “Digital Assets” into 6050i which means that any individual who receives $10,000 or more in crypto MUST report it to the IRS.
James Yochum, CPA
@JTheAccountant
May 17, 2023
Replying to @therabbithole
The paper actually states the birth rates are lower because of all of those reasons, but they don't believe they can explain the depth of that decline. I think it's pretty simple, it's the result of long-term income inequality and a cut in benefits for all workers over the
143K
James Yochum, CPA
@JTheAccountant
Nov 15, 2022
Curious to know where @SBF_FTX and @FTX_Official's political donations went? To Protect Our Future PAC received $27,000,000 - Full details here docquery.fec.gov/cgi-bin/fecimg… Protect Our Future PAC's Treasurer and compliance consultant is based out of Maricopa County In Arizona.
James Yochum, CPA
@JTheAccountant
Nov 6, 2021
In the business of creating/reselling #NFTs ? Get used to filing Form 8300, and obtaining social security numbers and identification of your buyers.
James Yochum, CPA
@JTheAccountant
Jul 22, 2022
Chief Legal Officer for @coinbase the largest exchange to delist #XRP, because of the SEC v. Ripple lawsuit. Now the SEC is flat out saying AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM are securities (some are ETH contracts) and @coinbase is allowing continual trading still.
Paul Grewal
@iampaulgrewal
Jul 21, 2022
Replying to @iampaulgrewal
2/ We 100% disagree with the SEC’s assertion that any of the crypto assets we list are securities.
James Yochum, CPA
@JTheAccountant
Dec 22, 2020
#Ripple being questioned- So what is XRP? Ripple- " it transfers value and we have developed software that helps banks manage KYC/AML regulations of digital assets. The exact thing FINCEN and the US Treasury mention in their 72pg regulation that #Bitcoin can't do."Good show ahead
GIF
James Yochum, CPA
@JTheAccountant
Dec 1, 2023
Real reason there’s a tax professional shortage? Tax is one of the most complicated laws you can study. And every year our government tries to simplify it, they make it more complex. Maybe the warning here is the lack of tax professionals, and the problem is the code 🤷‍♂️
10K
James Yochum, CPA
@JTheAccountant
Oct 25, 2023
🚨The Kraken has been released Kraken has notified account holders en-mass today they will be turning over cryptocurrency transaction information to the IRS in entirety on their users. This includes: - Name - Date of Birth - Tax ID - Address - Transactions from 2016-20 👇
164K
James Yochum, CPA
@JTheAccountant
Apr 21, 2021
Flare ( $FLR ) AIRDROP for US CITIZENS who hold $XRP..... IS taxable per IRS Rev.Ruling 2019-24 irs.gov/pub/irs-drop/r… This ruling is authoritative guidance for the same factual circumstances outlined in the ruling, which fits the same factual circumstance $FLR is airdropped.
James Yochum, CPA
@JTheAccountant
Nov 6, 2021
Replying to @JTheAccountant
This is a huge damn deal for the #NFT space. You’ve got 15 days to report this information on Form 8300 and violation of 6050i is a felony. A Felony for selling NFTs, because digital asset is now concerned as “cash” for this provision. Insane.