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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 | 4 weeks 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 | 1 month 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 | 1 month 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 | 3 months ago
tom lee bitcoin price prediction
Bitcoin Taxes

$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...

Georgi Georgiev | 2 years ago

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