south korea crypto tax
Bitcoin Regulation

Korean Government to Tax Crypto Capital Gains from 2020

The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the...

Christine Vasileva | 1 week ago
Brazil IRS creates special code for dishonest crypto taxpayers
Bitcoin

Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers

The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity...

Christine Vasileva | 1 week ago
IRS bitcoin tax rules
Bitcoin

Bitcoin And Crypto Compliance From A US Tax Perspective

One of the things which causes undue consternation for many holders of Bitcoin and cryptocurrency is its taxable status. While some naysayers still consider the whole industry a tax...

Emilio Janus | 2 weeks ago
Us court allows IRS snooping
News

US Court Allows IRS to View Bitstamp Customer Information

US federal judge allowed the IRS to demand information about users’ assets from Bitstamp crypto exchange, although the agency was also ordered to reduce the number of requests...

Ali | 2 weeks ago
United States Congress on Bitcoin
Bitcoin Taxes

3 Ways US Congress May Approach Bitcoin Taxation

With the U.S. Internal Revenue Service looking to enforce more stringent Bitcoin tax compliance, several stakeholders say Congress should step in to clarify the way virtual currencies...

Osato Avan-Nomayo | 3 weeks ago
crypto tax IRS
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 Investigates Crypto ATMs and Kiosks
Bitcoin Taxes

IRS Voices Concerns Over Crypto Kiosks and ATMs

The IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance...

Ali | 4 weeks ago
IRS Refunds Crypto Tax Users
Bitcoin Taxes

IRS Refunds Tax-Paying Crypto Users

The Internal Revenue Service (IRS) has sent refunds to crypto users who had correctly reported their taxes with proof of trades and transactions. The matter of cryptocurrency-related...

Ali | 1 month 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
How to stay crypto compliant with IRS
News

3 Ways to Stay Crypto Compliant with the IRS

If you’re earning or trading in cryptocurrencies and not declaring to the IRS, it probably won’t end well. But if you want to make amends, there are three ways to go about it. IRS...

Christina Comben | 2 months ago
Bitcoin price holds strong
Bitcoin

Bitcoin Weekly Price Stays in the Green Despite Tough Week

Bitcoin price has somehow managed to remain in the green over the past 7 days despite a string of unfavourable events. Regulators remain hawkish, tax authorities are tightening their...

Christine Vasileva | 2 months ago

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