Onchain Media
Onchain Media
Podcast Description
Welcome to Onchain Media, the podcast dedicated to empowering you with deep insights into blockchain technology and the onchain ecosystem. Hosted by Rachel Onchain, each episode features interviews with influential figures and groundbreaking projects shaping the future of onchain innovation.
Produced by the Onchain Media Collective, our show brings you engaging series such as ”Let’s Touch Base” and ”Late Night on Base,” exploring the latest trends, challenges, and opportunities in the blockchain space. Join us to stay informed and inspired by the pioneers driving change in the onchain world.
If you enjoy the podcast, please subrcribe to our YouTube channel and watch full episodes here: https://www.youtube.com/@OnchainMediaCo
Podcast Insights
Content Themes
The podcast explores pivotal themes in blockchain technology, including social data in crypto, NFT innovations, and crypto tax insights, with episodes specifically addressing topics like avoiding tax pitfalls, community-building in blockchain projects, and the cultural significance of Doge. For example, Episode #006 features crypto tax experts providing actionable tips while Episode #003 dives into the cultural impact of Doge.
Onchain Media is a storytelling platform spotlighting the people, projects, and ideas shaping the future of the internet.
Hosted by Rachel Onchain, each episode dives into the heart of the onchain space—exploring culture, innovation, and what it means to build onchain. Whether you’re a founder, creator, or curious listener, this show is for you.
If you enjoy the podcast, please subscribe to our YouTube channel and watch full episodes here: https://www.youtube.com/@OnchainMediaCo
In this episode of the Onchain Media podcast, our host Rachel Onchain welcomes Nick Bjorn Slettengren, the founder of Count on Sheep, a crypto tax service. They discuss Nick’s journey into the crypto world, the importance of accurate tax reporting, and the new IRS 1099 DA form. The conversation highlights the significance of digital asset reconciliation and tax loss harvesting as strategies to optimize tax liabilities. Nick shares insights on how Count on Sheep can help individuals and businesses navigate the complexities of crypto taxes, emphasizing the need for early preparation and professional assistance.
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🧠 Key Takeaways
- Count on Sheep was born out of a personal need for crypto tax solutions.
- Nick’s journey into crypto began with a significant investment and a need for better tax management.
- The 1099 DA is a new IRS form that requires accurate reporting of crypto transactions.
- Digital asset reconciliation is crucial for accurate tax reporting and avoiding double taxation.
- Count on Sheep offers a unique service that combines software with professional oversight for crypto taxes.
- Tax loss harvesting can be a strategy to offset gains and reduce tax liability.
- The importance of understanding cost basis in crypto transactions to avoid overpaying taxes.
- Count on Sheep is expanding its services internationally, reflecting the global nature of crypto.
- The upcoming tax season is critical, and early preparation can save money.
- Working with crypto tax specialists can alleviate the stress of tax season.
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⏱️ Chapters
00:00 Introduction and Special Guest Introduction
02:51 Nick’s Journey into Crypto and Count on Sheep
08:51 Understanding Count on Sheep’s Services
14:56 The Importance of 1099 DA and Tax Compliance
19:13 Why transfers between exchanges get misread as sales
23:16 What’s new and coming next for Count on Sheep
27:21 Upcoming Tax Season and Important Deadlines
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Want to learn more about Count on Sheep and the solutions they bring to the table? Here’s everything you need 👇
🌐 Get started: https://share.countonsheep.com/6FHMnr
🐦 Follow Count on Sheep on X: x.com/countonsheep/
💬 Follow Count on Sheep on Linkedin: linkedin.com/company/count-on-sheep/
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Onchain Media Resources
🔔 Subscribe to our YouTube channel: youtube.com/@OnchainMediaCo
📩 Subscrible to our Newsletter: paragraph.com/@onchainmedia
✖️ Follow us on X: x.com/Onchainmedia
✈️ Join our Telegram Community: t.me/onchainmediaco
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⚠️ Disclosure & Disclaimer
This episode contains sponsored content in partnership with Count on Sheep. All views expressed are for informational and educational purposes only and do not constitute financial advice. Always do your own research before participating in any onchain projects. This media is not an offer to buy or sell securities, simply for entertainment purposes. This disclosure is in compliance with Section 17(b) of the United States Securities Act of 1933.
Disclaimer
This podcast’s information is provided for general reference and was obtained from publicly accessible sources. The Podcast Collaborative neither produces nor verifies the content, accuracy, or suitability of this podcast. Views and opinions belong solely to the podcast creators and guests.
For a complete disclaimer, please see our Full Disclaimer on the archive page. The Podcast Collaborative bears no responsibility for the podcast’s themes, language, or overall content. Listener discretion is advised. Read our Terms of Use and Privacy Policy for more details.