Ep 60 – Understanding Potential Tax Issues Surrounding Cryptocurrency Investing with Micah Fraim

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The Alternative Investing Advantage Learn how to take control and give yourself the freedom to choose where you invest your money

This week on the Alternative Investing Advantage podcast, host Alex Perny welcomes Micah Fraim for a discussion on cryptocurrency investing. Micah is an accounting expert and founder of Fraim, Cawley & Company, CPAs.

During this episode, Micah covers investing in cryptocurrency and its impact on businesses. He discusses the concept of running cryptocurrency through an entity, specifically an LLC or corporation—emphasizing the importance of having a good operating agreement and separate accounting for the entity to avoid tax issues. Micah explains how investors should be aware of effective best practices and potential scams. Talking to credible individuals and seeking advice from knowledgeable sources can provide a solid foundation for understanding crypto taxes and investing. He also touches on Roth conversions.

Learn more about cryptocurrency investing.

Do you want to be a guest on the Alternative Investing Advantage? Contact us.

headshot of Micah FraimAbout Our Guest Micah Fraim

Micah Fraim is a CPA, bestselling author, and business professional who specializes in strategies and planning for small businesses. He graduated from Roanoke College and shortly after founded Fraim, Cawley, & Company, CPAs in 2013. Micah is also a Certified Public Accountant (CPA) and a Certified Valuation Analyst (CVA).

About Our Host Advanta IRA Alex PernyAlex Perny, CISP

Alex Perny is a business development specialist and host of Advanta IRA’s podcast, the Alternative Investment Advantage. He is a self-described policy geek who loves learning the rules and technical aspects of SDIRAs, employer plans, and IRS regulations.

For more than a decade, Alex has helped thousands invest in alternative assets. These include precious metals, real estate, private stock, notes, and countless others. Additionally, he has spoken to investors across the country about using retirement plans to invest outside the stock market. Alex believes so strongly in self-direction that he invests his own IRA and HSA in real estate and private equity.