Bitcoin Taxes

IRS bitcoin tax rules
Bitcoin

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...

Emilio Janus | 2 weeks ago
United States Congress on Bitcoin
Bitcoin Taxes

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...

Osato Avan-Nomayo | 3 weeks ago
IRS Investigates Crypto ATMs and Kiosks
Bitcoin Taxes

IRS Voices Concerns Over Crypto Kiosks and ATMs

The IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance...

Ali | 4 weeks ago
IRS Refunds Crypto Tax Users
Bitcoin Taxes

IRS Refunds Tax-Paying Crypto Users

The Internal Revenue Service (IRS) has sent refunds to crypto users who had correctly reported their taxes with proof of trades and transactions. The matter of cryptocurrency-related...

Ali | 1 month ago
IRS crypto tax
Bitcoin Taxes

IRS Playing Fair With Transparent Crypto Tax Filings

Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save...

Christine Vasileva | 1 month ago
winklevoss gemini exchange
Bitcoin Taxes

Gemini Exchange Adds Automated Customer Tax Reporting

US-based crypto exchange Gemini wants to help its users comply with the tax requirements in a convenient manner. The company hired Sovos to modernize its tax information reporting. The...

Anatol Antonovici | 1 month ago
UK Tax Office Change Bitcoin and Crypto Tax laws
Bitcoin Taxes

UK Tax Office Updates Guidance on Bitcoin and Crypto

Nearly a year after publishing updated bitcoin and crypto tax requirements for individuals, the UK tax body has released similar guidelines for businesses. The tax authority also...

Osato Avan-Nomayo | 1 month ago
russia cryptocurrency tax
Bitcoin Taxes

Cryptocurrency Might Be Treated as Treasure Under Russia’s Tax Code

Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on...

Anatol Antonovici | 3 months ago
IRS bitcoin cryptocurrency tax
Bitcoin Taxes

U.S. Tax Collector Is After Thousands of Bitcoin Holders

U.S. tax authority, the Internal Revenue Service (IRS) has already begun sending letters to thousands of bitcoin and crypto holders who have failed to report cryptocurrency...

Julio Gil-Pulgar | 5 months ago
singapore exempting bitcoin from tax
Bitcoin Taxes

Singapore to Exempt Bitcoin from Goods and Services Tax

The U.S. is increasingly running the risk of being left behind other nations unless its authorities soon address issues surrounding Bitcoin. One of the main problems facing the...

Julio Gil-Pulgar | 5 months ago
IRS bitcoin tax rules
Bitcoin Taxes

New Bitcoin Tax Rules To Boost Crypto Market Growth

According to the Wall Street Journal, The Internal Revenue Service (IRS) is expected to update its guidance on Bitcoin tax treatment within weeks. In the meantime, members of the U.S...

Julio Gil-Pulgar | 5 months ago
IRS bitcoin cryptocurrency tax
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...

Osato Avan-Nomayo | 7 months ago

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