Greg Monaco, CPA has been featured as a subject-matter source in Yahoo Finance, Nasdaq, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph, covering cryptocurrency taxation, tax planning, property taxes, and personal finance.
Greg explained that "no tax on tips and overtime" means no federal income tax, not tax-free, since FICA still applies and many states like NJ haven't adopted these provisions. He also compared a service worker earning $65,000 to an investor with similar income, showing that after OBBBA deductions a worker's marginal rate can be 10–12% while an investor pays 15% on long-term capital gains.
No Tax on TipsNo Tax on OvertimeOBBBATax PlanningCapital Gains
Greg discussed how missing cost basis leads to overpaying taxes, warned that 1099-DA forms won't tell the full story for DeFi and wallet transfers, and explained that the crypto wash sale loophole still applies as of late 2025.
Crypto TaxCost Basis1099-DAWash SaleTax Loss Harvesting
Greg explained that refunds are based on math, not memory. A refund is your own money coming back because you overpaid. He also noted that paycheck changes from new jobs can drift withholding without being obvious week-to-week.
Greg advised treating crypto like a long-term investment account from day one: buying assets you understand, expecting multi-year holding periods, and keeping clean records of every purchase, transfer, and sale to protect against tax and reporting problems.
Greg clarified that gifts to individuals (like GoFundMe campaigns) don't qualify as charitable deductions, and noted that about 90% of filers don't exceed the standard deduction threshold, meaning their donations don't lower federal taxes.
Greg highlighted Ethereum's institutional infrastructure for stablecoin settlements and tokenized assets, and identified Solana's consumer payments narrative and Firedancer/Alpenglo upgrades as catalysts for 2026.
Greg explained why states like NJ and Illinois have high property taxes (reliance on property tax to fund schools and services vs. other revenue sources), discussed veteran and disability exemptions across states, and advised homebuyers to compare local tax rates before purchasing.
Greg discussed the executive order making the US a permanent holder of ~200,000 bitcoin, the Bitcoin Act proposing acquisition of 1 million BTC over five years, the repeal of SAB 121 enabling bank crypto custody, and on-chain data showing 63% of bitcoin supply hadn't moved in over a year.
Greg noted that XRP derives its value from cross-border payments, pointing to Ripple's 300 financial partners in 45 countries and $15 billion in annual cross-border payments as indicators of its real-world use case.
XRPRippleCross-Border Payments
Media Inquiries
For media inquiries, interview requests, or professional commentary on tax preparation, cryptocurrency taxation, New Jersey tax law, or small business accounting topics, please reach out directly. Greg is available for interviews, bylined contributions, and source requests.
taxhelp@MonacoCPA.CPA • (862) 320-9554 • Response within 24 hours
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What Clients Say About Gregory Monaco, CPA LLC
"If you need a CPA or accountant in Livingston or Essex County, I highly recommend Greg at Monaco CPA. He always gets back to me the same day, handles everything himself, and offers flexible virtual meetings. Greg managed our personal taxes with great attention to detail and identified deductions we had previously overlooked."
"I've been working with Greg Monaco, CPA for a few years now, and he's honestly saved me real money with both personal tax help and crypto tax stuff. He answers quickly, breaks things down in a way that's easy to understand, and you can tell he actually cares about doing right by you."
"Extremely professional, thorough, and organized from start to finish. He takes the time to explain everything clearly and make sure nothing gets overlooked. Communication is always timely, and the whole process feels effortless on my end. Truly a 5-star business."
"Greg was very professional in helping me with my taxes. He broke it down and explained all the details. He was very easy to communicate with. His tax planning and strategies helped me save money."