IRS: Coins From Crypto Hard Forks Create Taxable Income
The Internal Revenue Service released its newest FAQ and guidelines on taxing US nationals for crypto transactions. The updated guidelines may come as a surprise to those that once...
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...
Singapore to Exempt Bitcoin from Goods and Services Tax
The U.S. is increasingly running the risk of being left behind other nations unless its authorities soon address issues surrounding Bitcoin. One of the main problems facing the...
‘They’ll Never Catch Me’ 52% of People Say About Paying Crypto Taxes
A recent poll on Twitter held amongst more than 7,500 people showed the abrogating reaction of the majority when asked about the way they handled their taxes associated with crypto...
The IRS Says Crypto is Currency, Warns Against Tax Evasion
The Internal Revenue Service (IRS) — the United States’ tax collection agency who administers the Internal Revenue Code enacted by Congress — once again provided taxpayers...
The IRS Isn’t Making it Easy for Cryptocurrency Investors
The Internal Revenue Service (IRS) continues to reach its greedy claws into the pockets of cryptocurrency investors — surprising some with unexpected bills. Land of the Free, Home of...
Does the IRS Fear Bitcoin?
An op-ed in the New York Times theorizes that the IRS fears Bitcoin due to tax evasion. What actions could the IRS take to combat this? The Internal Revenue Service (IRS) is one of the...