Bitcoin Taxes

IRS bitcoin Crypto 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 | May 21, 2019 | 11:00
Australia bitcoin taxes
Bitcoin Taxes

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...

Emilio Janus | May 03, 2019 | 11:00
bitcoin taxes when are taxes due
Bitcoin Taxes

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...

Christina Comben | Apr 15, 2019 | 09:00
canada ontario bitcoin
Bitcoin Taxes

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...

Emilio Janus | Mar 29, 2019 | 08:00
Bitcoin Taxes

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...

Osato Avan-Nomayo | Mar 07, 2019 | 11:00
new hampshire
Bitcoin Taxes

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...

Georgi Georgiev | Feb 04, 2019 | 06:00
IRS
Bitcoin Taxes

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...

Emilio Janus | Jan 30, 2019 | 01:00
Bitcoin Taxes

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...

Georgi Georgiev | Jan 26, 2019 | 17:00
cryptocurrency taxes bitcoin tax
Bitcoin Taxes

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...

Allen Scott | Jan 14, 2019 | 03:00
Investment Into Overstock's Cryptocurrency Exchange Causes Share Price to Rocket
Bitcoin Taxes

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...

Georgi Georgiev | Jan 04, 2019 | 06:00
Bitcoin cryptocurrency tax uk
Bitcoin Taxes

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...

Emilio Janus | Dec 20, 2018 | 14:00
Eddie Hughes MP UK
Bitcoin Taxes

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...

Emilio Janus | Dec 11, 2018 | 17:00
Bitcoin tax IRS
Bitcoin Taxes

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...

Osato Avan-Nomayo | Dec 06, 2018 | 15:00
Bitcoin ohio
Bitcoin Taxes

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...

Melanie Kramer | Nov 26, 2018 | 02:00
Bitcoin Taxes

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...

Georgi Georgiev | Nov 09, 2018 | 18:00
Bitcoin taxes cryptocurrency
Bitcoin Taxes

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...

Kevin O’Brien | Nov 04, 2018 | 05:00

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