1. Donate or give to charityWhether you are religious or not, you should donate some of your earnings. Maybe you want to support your church, a favorite charity, food bank, or another charity.There are charities that could use the money to help others. With the coronavirus, many people are suffering and charities need money to help those in need.From churches to food banks to many other charities, they can use your money. Plus once you make a donation, you should feel good about helping others. Also, the donation could be tax-deductible helping offset some of your cryptocurrency gains.You don\u2019t want to be a scrooge and hoard all of your earnings. Giving back to help others will make you feel good about yourself. There are always people who are less fortunate and need help in one way or another.2. See a tax accountantYou may not like this, but be ready to pay your taxes. The government will take a big portion of what you earned.Trying to avoid paying taxes could run you into a lot of trouble. You may have seen some people serve time in jail or pay their fines for avoiding to pay their taxes such as Wesley Snipes, Chuck Berry, Ozzy Osbourne, Shakira, and others.Don\u2019t try to avoid paying the IRS. In the past, they have sent letters to over 10,000 people for them to verify that they have paid their earnings from cryptocurrencies or to make any corrections. The next bull run will not be any different.To date, the IRS has not created further guidance on buying and selling cryptocurrencies for altcoins. Hopefully, the IRS releases guidance on this soon. This would give some more assurance to many cryptocurrency investors.3. See a lawyerOnce you have made a lot of money, you need to establish a will and\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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