IRS to Limit Probe into Coinbase User, US Court Advises
Bitcoin Taxes

IRS to Limit Probe into Coinbase User, US Court Advises

The U.S. Internal Revenue Service (IRS) could be made to restrict its crypto tax probe of Coinbase user William Zietzke to cover only 2016. IRS Should Restrict Zietzke Crypto Tax Probe...

Osato Avan-Nomayo | 6 days ago
IRS crypto and bitcoin tax
Bitcoin Taxes

IRS Targets Crypto Trading and Gig Economy for 2020 Tax Season

The U.S. Internal Revenue Service (IRS) is directly focusing on crypto trading for the 2020 Tax Day with a checkbox on the tax form enquiring after people’s involvement in virtual...

Osato Avan-Nomayo | 2 weeks ago
crypto donations IRS
News

IRS Says Charity Crypto Donations Must be Declared

Recently, the US government’s revenue service, the IRS made a few changes to its set of FAQs on crypto assets. Charity organizations that are generally exempted from tax...

Himadri Saha | 3 weeks ago
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 | 2 months 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 | 2 months 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 months 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 months 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 | 2 months 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 | 2 months 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 | 2 months 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 | 2 months 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 | 3 months ago

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.