IRS bitcoin cryptocurrency tax
Bitcoin Taxes

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...

Julio Gil-Pulgar | 3 weeks ago
singapore exempting bitcoin from tax
Bitcoin Taxes

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...

Julio Gil-Pulgar | 1 month ago
new bitcoin tax rules
Bitcoin Taxes

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...

Julio Gil-Pulgar | 1 month ago
IRS bitcoin cryptocurrency 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 | 3 months ago
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 | 7 months ago
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 | 7 months ago
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 | 9 months ago
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 | 1 year ago
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 | 1 year ago
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 | 1 year ago
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 | 2 years ago
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 | 2 years ago

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