Bitcoin Taxes
Crypto Tax Payers Get Temporary Relief From IRS
As a result of the COVID-19 outbreak, Americans will be given an extra 90 days to pay their taxes without interest and penalties. This move will likely impact crypto investors, many of...
Beware Australian Crypto Traders, ATO Audit Warnings Are Coming
The Australian Taxation Office (ATO) is contacting up to 350,000 individuals to ‘remind’ them of their obligation to report crypto gains. At this stage the campaign is...
IRS Crypto Prosecutions Set to ‘Skyrocket’, Says US Tax Law Firm
The US Internal Revenue Service (IRS) is expected to ramp up its cryptocurrency-related enforcement actions, a tax law office warns. US Revenue Agency Looking to Crack Down on Crypto...
2019 IRS Crypto Tax Guidance is Subject to Change, GAO Warns
The IRS’ guidelines on crypto tax reporting remain unclear, and may not be binding, per the analysis of the Government Accountability Office (GAO). Crypto Tax Reporting...
IRS Removes Crypto Tax Reporting for Fortnite and Other Game Tokens
The U.S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes...
Crypto Group Asks IRS to Make Small Payments Tax-Free
The Wall Street Blockchain Alliance is the latest to ask the U.S. Internal Revenue Service (IRS) to consider a ‘de minimis’ exemption for crypto tax payments below a specific...
Crypto Tax in 2020: A Comprehensive Guide
Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled...
Beware of the IRS, H&R Block Warns its Crypto Customers
U.S. tax preparation company H&R Block is advising its customers not to consider evading the Internal Revenue Service (IRS) by not reporting their cryptocurrency transactions ...
IRS to Limit Probe into Coinbase User, US Court Advises
The U.S. Internal Revenue Service (IRS) could be made to restrict its crypto tax probe of Coinbase user William Zietzke to cover only 2016. IRS Should Restrict Zietzke Crypto Tax Probe...
IRS Targets Crypto Trading and Gig Economy for 2020 Tax Season
The U.S. Internal Revenue Service (IRS) is directly focusing on crypto trading for the 2020 Tax Day with a checkbox on the tax form enquiring after people’s involvement in virtual...
Bitcoin And Crypto Compliance From A US Tax Perspective
One of the things which causes undue consternation for many holders of Bitcoin and cryptocurrency is its taxable status. While some naysayers still consider the whole industry a tax...
3 Ways US Congress May Approach Bitcoin Taxation
With the U.S. Internal Revenue Service looking to enforce more stringent Bitcoin tax compliance, several stakeholders say Congress should step in to clarify the way virtual currencies...