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...
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...
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...
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...
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...