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...
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...
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...
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...
$25 Billion Owed in Crypto Taxes Causing ‘Massive’ Selling, Wall...
‘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...