Bitcoin Taxes

Crypto Tax Payers Get Temporary Relief From IRS
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...

Trevor Smith | 6 months ago
Australia crypto
Bitcoin

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...

Emilio Janus | 7 months ago
IRS crypto bitcoin skyrocket
Bitcoin Taxes

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...

Anatol Antonovici | 7 months ago
IRS crypto tax variable
Bitcoin Taxes

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...

Christine Vasileva | 7 months ago
fortnite crypto
Bitcoin Taxes

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...

Osato Avan-Nomayo | 8 months ago
Crypto Group Asks IRS to Make Small Payments Tax-Free
Bitcoin Taxes

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...

Osato Avan-Nomayo | 8 months ago
Crypto Tax in 2020: A Comprehensive Guide
How to

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...

Bitcoinist | 8 months ago
Beware of the IRS, H&S Warns its Crypto Customers
Bitcoin Taxes

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 ...

Osato Avan-Nomayo | 8 months ago
Beware of the IRS, H&S Warns its Crypto Customers
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 | 8 months 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 | 9 months 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 | 10 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 | 10 months ago

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