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 | 5 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 | 5 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 | 5 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 | 6 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 | 6 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 | 6 months ago
canada crypto industry in danger
News

Why Canada’s Crypto Industry is Threatened by Tax Rules

Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While...

Ali | 7 months ago
crypto tax IRS
News

Crypto Tax: De Minimis Exception Could Complicate Things for IRS

A provision for de minimis exception in crypto taxes could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published...

Ali | 8 months ago
IRS crypto tax
Bitcoin Taxes

IRS Playing Fair With Transparent Crypto Tax Filings

Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save...

Christine Vasileva | 8 months ago
winklevoss gemini exchange
Bitcoin Taxes

Gemini Exchange Adds Automated Customer Tax Reporting

US-based crypto exchange Gemini wants to help its users comply with the tax requirements in a convenient manner. The company hired Sovos to modernize its tax information reporting. The...

Anatol Antonovici | 8 months ago
russia cryptocurrency tax
Bitcoin Taxes

Cryptocurrency Might Be Treated as Treasure Under Russia’s Tax Code

Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on...

Anatol Antonovici | 10 months ago
tom lee bitcoin price prediction
Bitcoin Taxes

$25 Billion Owed in Crypto Taxes Causing ‘Massive’ Selling, Wall Street Analyst Says

‘Massive’ selling of cryptocurrencies into fiat by mid-April to be expected, as U.S. crypto holders ‘likely’ owe $25 billion in capital gain taxes according to Tom Lee, head of...

Georgi Georgiev | 2 years ago