EP021: Totally Legal Strategies To Pay Almost Nothing On Your Crypto Taxes in 2022 w/ Lorenzo Abbatiello

In this episode, Daniel dives deep with Lorenzo Abbatiello CPA, who specializes in helping his clients keep more money by paying less taxes on their cryptocurrencies.

This is extremely important, given the fact that one of the pillars of the New Wave manifesto is learning how to utilize crypto and other Web3 tools.

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    Workshops Coming In January 2022

    Thursday, January 27th, 2022 @ 10am – 4pm PST via Zoom (will be recorded)

    “I don’t dance, I just make money moves.”

    If I’d ever thought there was a chance that I’d be quoting Cardi B in a promotion, I’d have give up writing a long time ago. But alas…here we are!

    In January, we’ll be hosting the Money Moves Workshop.


    • Date: Thursday, January 27th

    • Time: 10am PST – 4pm PST

    • Location: ZOOM (link will be sent prior to start)

    • All live sessions will be recorded for you to watch later or if you can’t make it

    • Early Bird Tickets are $97

    What We’ll Cover:

    • How I separate my biz and personal finances w/out headaches

    • How I track cashflow to make sure I always have enough

    • Tools I use to calculate monthly revenue, expenses and investments (w/real examples)

    • How I consistently set and hit my goals with money

    • Whatever else I think of

    We’re also going to bring in guest experts to talk about:

    • Day-to-day bookkeeping, financial tracking + understanding cashflow and accounting for self-employed and entrepreneurs.

    • How to build a balanced portfolio that makes you wealthy over time.

    • Advantageous tax structure for solopreneurs and entrepreneurs.

    • The new regulations you need to know in crypto taxes.

    Simply put, this is designed to give you a tremendous ROI.

    Tickets for this go on pre-sale for this Jan 10th, then we open to the public Jan 17th. Grab yours now!

    We are all creators, but it’s easy to lose touch with that ability in our daily lives.

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    Connect with Lorenzo:
    Connect with Daniel DiPiazza:


    • (00:00) Guest introductions/Overview of episode. Putting crypto and taxes into context

    • (09:06) Is the crypto industry here to stay?

    • (11:41) Lorenzo’s journey into crypto currencies and crypto taxes

    • (13:30) How is crypto taxed? Some mechanism for taxation

    • (19:30) How is the government able to audit your crypto transactions in a world of decentralized applications?

    • (24:23) Where is crypto regulation headed towards? The XRP legal case explained

    • (28:29) Knowing what the government is after in terms of taxes, what are the ways to maximize our gains? Tactics for those holding below 10k, between 100-150k and beyond

    • (33:58) How does Puerto Rico crypto taxation work

    • (39:15) What US states are the best for incorporating your business in

    • (41:19) Crypto and unrealized gains tax. BTC goes from 20k to 50k – what happens?

    • (48:49) Is it a smart strategy to HODL but to take small profits to optimize tax?
      (52:07) Midroll
      (55:34) The dangers of staking protocols. Taxes are paid on both capital gains AND staking rewards. What to know about setting up your own node.
      (59:54) SOL, Avalanche, DOT and Chainlink: what are the prospects in 2022?
      (1:04:00) Metaverse coins in 2022. Metaverse gaming will be huge.
      (1:05:55) What are the main similarities and differences between Web 1 and Web 3? The implications of one of the the largest wealth transfer in history

    • (1:26:18) Final thoughts & further resources. How to reach out to Lorenzo

    • (1:28:25) Outro

    DISCLAIMER: None of the contents of this show should be taken as financial or legal advice. The New Wave Entrepreneur is for educational and entertainment purposes only. Remember: always DYOR!


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