Michael Foland is the President and Co-Founder of TaxToken. His mission is to make TaxToken, “the ultimate cryptocurrency tax solution.” TaxToken leverages blockchain technology and artificial intelligence to modernize cryptocurrency accounting.
In this episode, we discuss:
– Why you should file your “crypto taxes,” and why 2019 is a good year to do that
– Exactly what problem TaxToken aims to solve and what makes them the best solution
– Challenges associated with filing your crypto taxes (like how does the tax-man treat quirky crypto events like hard-forks and airdrops)
[02:42] – Who is Michael Foland and what is Tax Token? Introduction and overview
[06:10] – How Michael discovered blockchain during the original Ethereum crowdsale
[07:40] – Michael’s (and my) hobbies: MMA and fitness
[12:15] – The problem Tax Token is trying to solve
[19:50] – Tax treatment of hardforks, airdrops, stablecoins, NFTs, and crypto-to-crypto trades
[27:10] – Why should you file your crypto taxes this year?
[31:45] – Combining traditional taxes with crypto taxes
[35:26] – Global regulatory challenges around crypto taxation
[38:08] – Michael Foland’s prediction on where Bitcoin and Ethereum will be in 10 years
[45:34] – What is the blockchain killer app?
[47:57] – Michael’s advice to anyone filing their crypto taxes
[51:05] – How to get in touch with Michael and how to start using Tax Token
[54:55] – His advice to companies and entrepreneurs interested in innovating with Blockchain
[53:13] – Michael’s parting piece of advice
[54:17] – Conclusion
– Roger Ver Jiu-Jitsu brown belt
– Litecoin sponsors UFC 232
– Eva Beylin tweet
– Tax Token Website
Today, we are partnering with the National Crowdfunding and Fintech Association of Canada (NCFA) to present the 5th Annual Fintech and Funding Conference and Expo (#FFCON19).
It takes place April 3-4, 2019, and it’s a must-attend event for anyone interested in emerging technology (blockchain and AI), capital markets, and alternative finance.
Rub elbows with over 700 attendees, 50+ speakers, 12 companies pitching to investors, and even regulators.
Blockchain Innovation listeners get 10% off Early-Bird tickets by using the discount code FFCON19_CP_BLOCKCHAIN.
Buy your tickets as soon as possible (prices increase on March 15th). Tickets are available here – https://bit.ly/2GQ2PSh