Co-Founder, TokenTax
Zac McClure, MBA, is an experienced financial accountant, specializing in cryptocurrency tax, international tax filing, corporate financial statements, as well as financial and legal consulting.
He is the author of Cryptocurrency Taxes in the U.S.: The TokenTax guide to all things crypto taxes, as well as numerous articles and webinars on the topic of crypto taxes. He was previously the Director of Strategy at Elsevier. Along with his career as an international financial accountant at JPMorgan, Imprint Capital and Bain, he has worked in more than a half-dozen countries helping different organizations with their financial statements.
His interest in cryptocurrency began while working on social impact investing with a Ripple investment opportunity in 2013. While doing his own crypto taxes, he discovered there were limited crypto tax software and accounting options for individuals and funds. Zac co-founded TokenTax on the principle of bridging the gap between the old and new worlds of finance.
Zac received his MBA with high honors from the University of Pennsylvania Wharton School as a Palmer Scholar. He received his undergraduate degrees in accounting and international business at the University of Southern California, graduating summa cum laude.
Publications
Cryptocurrency Taxes in the U.S.: The TokenTax Guide to All Things Crypto Taxes, 2020
"Tax Guidance for Special Cryptocurrency Topics: Trading Bots, Algorithmic Trading, Margin Trading, Synthetic trades, and Decentralized Finance," Bloomberg Tax, 61 TMM 10, 2020
“IPOs Can Spring Tax Traps on Employees,” Accounting Today, 2020
"IRS Requires Disclosure of Cryptocurrency Transactions on Taxes," CPA Directory, 2020
"Why the IRS Should Treat Crypto as a New Asset Class," Coindesk, 2018
Commentary
"Trading Crypto? Here’s What You Need to Know at Tax Time," by Karen Hube, Barron's, 2022.
"NFT Investors Owe Billions in Taxes and IRS Sets Sights on Evaders" by Ally Verspille, Bloomberg Wealth, January 2022
Interviews
"Solving the tax and cryptocurrency conundrum with Zac McClure and Arthur Teller from TokenTax," Karbon Magazine, December 2022
"Episode 7: TokenTax," Frog Radio, December 2022
May 3, 2022 — Wondering how cryptocurrency is taxed in India under the new laws? Look no further; in this guide we outline how Indian crypto taxes work.
April 28, 2022 — New to personal finance? We offer a crypto-friendly intro to taxes, retirement savings, credit building, and more.
April 28, 2022 — Here's a list of IRS 501(c)(3) charitable organizations providing aid to Ukraine and accepting crypto donations.
May 3, 2022 — Spain is cracking down on crypto tax enforcement. Learn what you need to know to comply with existing tax guidance.
May 3, 2022 — The ATO taxes crypto assets. Read our intro to Australian crypto taxes to find out how your trades need to be reported on your tax returns.
May 3, 2022 — There are no capital gains taxes in the Netherlands, but a yearly wealth tax is imposed on assets. Learn more.
May 3, 2022 — Canada has very different tax treatment for business and personal crypto transactions. Learn more about each category.
May 3, 2022 — South Africa is increasing crypto regulation, but tax guidance is still limited. Read what we know for sure.
May 3, 2022 — Learn how cryptocurrency is taxed and how to pay your crypto taxes in the U.K., as per HRMC rules and guidelines.
April 28, 2022 — Should you be paying estimated quarterly taxes on your crypto earnings? Read our guide to find out.
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