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
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
cryptocurrency taxes bitcoin tax
Interviews

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
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
South African Releases Draft Cryptocurrency Tax Law
News

South Africa Releases Draft Cryptocurrency Tax Law

The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details...

Osato Avan-Nomayo | Aug 08, 2018 | 20:00
IRS
Bitcoin Taxes

IRS Launches International Effort to Investigate Cryptocurrency Tax...

The United States Internal Revenue Service (IRS) is taking cryptocurrency tax compliance to the international stage, joining tax authorities from four other nations to form a coalition...

Osato Avan-Nomayo | Jul 04, 2018 | 20:00
South Korea
Bitcoin Taxes

South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake

South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments.  10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the...

Bitcoinist | Jun 23, 2018 | 19:00
News

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
News

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
Tax
News

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
The IRS hasn't Forgotten About You
News

IRS Sees Bitcoin Transfers as ‘Taxable’ Events [UPDATE]

Editor’s note and technical retraction: The original version of this article published December 2 inaccurately represented comments made by Daniel Winters. We have removed these...

Allen Scott | Dec 02, 2016 | 06:14
Bitcoin Taxes

Bitcoin Taxes 2016: Accurately Reporting Bitcoin Usage

Editor’s note: The original introduction to this article has been replaced with one written by tax accountant Daniel Winters, which corrects some factual inaccuracies in the...

Drew Cordell | Apr 13, 2016 | 23:52

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