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 | Jan 30, 2019 | 01:00
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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 | Jan 14, 2019 | 03:00
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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 | Dec 20, 2018 | 14:00
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Bitcoin Taxes

Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax...

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 | Dec 06, 2018 | 15:00
Bitcoin taxes cryptocurrency
Bitcoin Taxes

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

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 | Nov 04, 2018 | 05:00
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 | Aug 08, 2018 | 20:00
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 | Jul 04, 2018 | 20:00
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 | Jun 23, 2018 | 19:00
News

Canada: ‘No Tax Changes’ For Bitcoin As Govt. Unveils...

Canada has unveiled a government Blockchain identity prototype while declining to change Bitcoin tax rules at the World Economic Forum (WEF) 2018. ‘We Don’t Plan Any...

Wilma Woo | Jan 29, 2018 | 10:15
Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework
News

Internal Revenue Service (IRS) Asked to Provide a Clearer...

At least two US institutions have requested that the IRS propose a definitive structure for taxing cryptocurrencies in the country. As authorities see the lucrative appeal of virtual...

Nikita Blows | Jan 20, 2018 | 17:00
From Russia with Love
News

Russian Ministry of Labor: No Tax on Bitcoin for Government Officials

Russian civil servants will not need to declare cryptocurrency gains in this year’s income tax report, the government has suggested. Russia Still Lacks Legal Framework For Tax...

Wilma Woo | Jan 11, 2018 | 11:45
Bitcoin Taxes

Bitcoin Taxes 2016: Accurately Reporting Bitcoin Usage

Editor’s note: The original introduction to this article has been replaced with one written by tax accountant Daniel Winters, which corrects some factual inaccuracies in the...

Drew Cordell | Apr 13, 2016 | 23:52

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