Crypto Tax Payers Get Temporary Relief From IRS
Bitcoin Taxes

Crypto Tax Payers Get Temporary Relief From IRS

As a result of the COVID-19 outbreak, Americans will be given an extra 90 days to pay their taxes without interest and penalties. This move will likely impact crypto investors, many of...

Trevor Smith | 3 months ago
IRS crypto bitcoin skyrocket
Bitcoin Taxes

IRS Crypto Prosecutions Set to ‘Skyrocket’, Says US Tax Law Firm

The US Internal Revenue Service (IRS) is expected to ramp up its cryptocurrency-related enforcement actions, a tax law office warns. US Revenue Agency Looking to Crack Down on Crypto...

Anatol Antonovici | 3 months ago
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
Crypto Group Asks IRS to Make Small Payments Tax-Free
Bitcoin Taxes

Crypto Group Asks IRS to Make Small Payments Tax-Free

The Wall Street Blockchain Alliance is the latest to ask the U.S. Internal Revenue Service (IRS) to consider a ‘de minimis’ exemption for crypto tax payments below a specific...

Osato Avan-Nomayo | 4 months ago
Crypto Tax in 2020: A Comprehensive Guide
How to

Crypto Tax in 2020: A Comprehensive Guide

Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled...

Bitcoinist | 4 months ago
Beware of the IRS, H&S Warns its Crypto Customers
Bitcoin Taxes

Beware of the IRS, H&R Block Warns its Crypto Customers

U.S. tax preparation company H&R Block is advising its customers not to consider evading the Internal Revenue Service (IRS) by not reporting their cryptocurrency transactions ...

Osato Avan-Nomayo | 4 months ago
Beware of the IRS, H&S Warns its Crypto Customers
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 | 5 months 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 | 5 months 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 | 5 months 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 | 6 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 | 6 months ago