Bitcoin Taxes
Of Course, The IRS is Updating Its Bitcoin Tax Guidelines as Price is...
With Bitcoin spiking more than 120 percent since the start of 2019, the U.S. Internal Revenue Service (IRS) says it is readying an updated set of guidelines to cover cryptocurrency...
Australia Tax Office Tries To Track Down Cryptocurrency-Tax Evaders
Thus far, Australian cryptocurrency traders have been able to avoid the gaze of the tax man without too much effort. But this week, the Australian Taxation Office (ATO) launched a...
Bitcoin: When Are Taxes Due?
If you’re still asking “when are taxes due?” this morning, today may be a tough one for you. Sorry Bitcoin HODLers and traders, your tax returns deadline is today, April 15...
First Canadian Municipality Starts Accepting Bitcoin For Property...
The town of Innisfil, Ontario will be the first municipality in Canada to accept bitcoin in payment for property taxes. The pilot scheme will be in partnership with Toronto-based...
Bitcoin for Starbucks Coffee Poses Significant Tax Filing Issues
Using Bitcoin to pay for coffee at Starbucks might come with some difficult implications as far tax filings are concerned. Increased Bitcoin Tax Filing Palaver As reported by...
New Hampshire Closer to Accept Bitcoin for Taxes as Subcommittee...
The state of New Hampshire has moved one step closer to accepting Bitcoin for tax payments. The state’s House Subcommittee has unanimously approved Bill 470-FN filed January 5th...
Bitcoin Taxes: 61% of Holders Won’t Report Losses to IRS
The US tax season has begun, and this might finally be the year to declare your bitcoin and crypto-assets. Sure, bitcoin taxes can be complicated, but research suggests that 61% of...
Indiana, New Hampshire May Be Next to Accept Bitcoin for Taxes
A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the...
Expect ‘Large increase’ in Cryptocurrency Taxes Filed for...
Bitcoinist spoke with Gidi Bar Zakay, CEO and founder of Bittax at the recently held Israel Bitcoin Summit in Tel-Aviv about cryptocurrency tax obligations for users and how the...
Overstock Becomes First Major US Company to Pay Taxes in Bitcoin
Internet retailer Overstock has announced that it intends to become the very first major US-based company to pay a part of its state business tax in Ohio using Bitcoin. Taxes With...
UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals
Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax...
UK MP Wants to To Introduce Bitcoin Tax Payments
UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable...
Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax...
With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in...
Ohio ‘Plants a Flag’ For Bitcoin Adoption, Accepting BTC...
In what could be a further critical sign of cryptocurrency adoption in the U.S, businesses in Ohio will shortly be able to pay their taxes online using Bitcoin. The progression will be...
France Considers a Flat Capital Gains Tax for Bitcoin
The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital...
Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in...
One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes. From Big Profits to a...