Bitcoin Taxes

IRS to Limit Probe into Coinbase User, US Court Advises
Bitcoin Taxes

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...

Osato Avan-Nomayo | 3 days ago
IRS crypto and bitcoin tax
Bitcoin Taxes

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...

Osato Avan-Nomayo | 2 weeks ago
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 months 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 | 2 months 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 | 2 months 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 | 2 months 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 | 2 months 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 | 3 months 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 | 3 months 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 | 4 months ago
IRS to Limit Probe into Coinbase User, US Court Advises
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 | 6 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 | 6 months ago