IRS crypto tax variable
Bitcoin Taxes

2019 IRS Crypto Tax Guidance is Subject to Change, GAO Warns

The IRS’ guidelines on crypto tax reporting remain unclear, and may not be binding, per the analysis of the Government Accountability Office (GAO). Crypto Tax Reporting...

Christine Vasileva | 4 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 | 4 months ago
UK Tax Office Change Bitcoin and Crypto Tax laws
Bitcoin Taxes

UK Tax Office Updates Guidance on Bitcoin and Crypto

Nearly a year after publishing updated bitcoin and crypto tax requirements for individuals, the UK tax body has released similar guidelines for businesses. The tax authority also...

Osato Avan-Nomayo | 7 months ago
cryptocurrency trading tax
Press releases

Cryptocurrency Tax Reporting Just Got A Lot Easier with TurboTax

CryptoTrader.Tax partners up with Tax Software giant Intuit TurboTax to bring cryptocurrency tax reporting into the mainstream CryptoTrader.Tax, a cryptocurrency tax software...

Bitcoinist | 9 months ago
Beware of the IRS, H&S Warns its Crypto Customers
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 | 11 months ago
IRS crypto and bitcoin tax
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 | 1 year ago
cryptocurrency taxes bitcoin tax
Interviews

Expect ‘Large increase’ in Cryptocurrency Taxes Filed for 2018, Says Bittax CEO

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 | 1 year ago
Bitcoin cryptocurrency tax uk
Bitcoin Taxes

UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals

Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax...

Emilio Janus | 1 year ago
Bitcoin tax IRS
Bitcoin Taxes

Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in...

Osato Avan-Nomayo | 2 years ago
Bitcoin taxes cryptocurrency
Bitcoin Taxes

Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes

One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes.  From Big Profits to a...

Kevin O’Brien | 2 years 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 | 2 years ago
IRS crypto and bitcoin tax
Bitcoin Taxes

IRS Launches International Effort to Investigate Cryptocurrency Tax Crimes

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 | 2 years ago