IRS
Bitcoin Taxes

IRS Not Happy with ‘Reporting Gap’ from Coinbase Users

The IRS is vigorously pursuing its case against Coinbase as it announces a “reporting gap” where only 0.2% of Coinbase users reported a loss or gain on their cryptocurrency...

Jeff Francis | Nov 15, 2017 | 07:00
Bitcoin Taxes

Bitcoin Is Not So Evil After All

Bitcoin is being used to do good work. For example, donors are now benefiting from Bitcoin’s versatility by using Bitcoin to make their charitable donations more effectively, with...

Julio Gil-Pulgar | Nov 08, 2017 | 06:16
Bitcoin Taxes

Using Bitcoin to Buy Things Could Trigger IRS Tax Bill

Using Bitcoin to buy everyday things, such as a burger, could trigger a tax bill from the IRS due to cryptocurrency being considered property. However, there is potential relief on the...

Jeff Francis | Oct 22, 2017 | 07:00
Bitcoin Taxes

John McAfee Says National Governments are Going to War Against...

At the Blockchain Global Summit event in Hong Kong, anti-virus pioneer John McAfee said that war between world governments and cryptocurrency has already started. Conflict is an...

Jeff Francis | Sep 23, 2017 | 11:04
IRS bitcoin tax
Bitcoin Taxes

IRS Hopes to Catch Bitcoin Tax Cheats With Blockchain Tracking...

The IRS is hoping to use the Reactor software by Chainalysis to track Bitcoin movement from wallet to wallet and then to exchanges in order to catch tax cheats. For some peculiar...

Jeff Francis | Aug 23, 2017 | 08:00
Binance's Founder Squares Off Against Sequoia Capital in Legal Dispute
Bitcoin Taxes

Coinbase Versus IRS: IRS Concedes The First Round

In what is being heralded as one of the biggest ever victories for the cryptocurrency community, the Internal Revenue Service has decided to considerably limit the scope of its...

Karan Kapoor | Jul 13, 2017 | 01:30
Bitcoin Taxes

IRS: Only 800 People Reported Bitcoin Earnings Per Year

Taxing times continue at Coinbase as the Internal Revenue Service (IRS) reveals only 800 people report Bitcoin gains on returns annually. IRS: 800 People Per Year Reporting...

Wilma Woo | Mar 20, 2017 | 06:00
remittances
Bitcoin Taxes

Trump’s Mexico Feud Creating a Perfect Storm for Bitcoin...

Mexico’s biggest cash cow is under siege as Donald J. Trump threatens to tax or halt remittances to the country in order to pay for his border wall. Western Union Shares Dive...

Antonio Madeira | Jan 27, 2017 | 08:00
Brazilian
Bitcoin Taxes

Brazilian Hotel Chain Now Accepts Bitcoin After ‘Multiple...

Brazilian hotel chain Vert Hotéis now accepts Bitcoin in an effort to connect with the tech-oriented crowd and after multiple customers requested to pay with the cryptocurrency. ...

Antonio Madeira | Jan 25, 2017 | 11:00
fiverr
Bitcoin Taxes

Fiverr No Longer Accepts Bitcoin After ‘Purely a Business...

Was getting ready to use the very popular website for online services, Fiverr, yesterday, and discovered they are taking a step back with their business for 2017. The Bitcoin payment...

Evander Smart | Jan 23, 2017 | 09:00
Regulated
Bitcoin Taxes

Bitcoin is Being Increasingly Regulated Across the Globe

Countries are reiterating tax specifications as Bitcoin becomes increasingly regulated around the globe amid rising price and popularity.  Bitcoin Taken Seriously, Increasingly...

Antonio Madeira | Jan 22, 2017 | 04:00
Tax
Bitcoin Taxes

Coinbase vs IRS: CEO Says Broker Tax Forms ‘Potential...

Coinbase CEO Brian Armstrong has suggested US cryptocurrency businesses adopt broker-style bureaucracy to achieve a better relationship with the taxman. 1099-B ‘Potential...

William Suberg | Jan 15, 2017 | 07:00

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