Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs By Cointelegraph

Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs
Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs

North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States.

In a Thursday announcement, Compass Mining said it had partnered with IRA provider Choice by Kingdom Trust to help users mine directly to their IRAs “without ever triggering a taxable event.”

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.