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 | 8 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 | 9 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 | 10 months ago
Australia crypto
Bitcoin Taxes

Australia Tax Office Tries To Track Down Cryptocurrency-Tax Evaders

Thus far, Australian cryptocurrency traders have been able to avoid the gaze of the tax man without too much effort. But this week, the Australian Taxation Office (ATO) launched a...

Emilio Janus | 1 year ago
cryptocurrency ball chain taxed PoS
Altcoins

Burnt At The Stake: Why PoS Cryptocurrency May Leave You Feeling Taxed

The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of...

Emilio Janus | 1 year ago
News

Indiana, New Hampshire May Be Next to Accept Bitcoin for Taxes

A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the...

Georgi Georgiev | 2 years ago
John McAfee
News

McAfee Hunted by the IRS But Will Still Run For President ‘In Exile’

Controversial cryptocurrency proponent John McAfee revealed that the IRS has convened a grand jury to charge him, his wife, and four of his campaign workers, with...

Georgi Georgiev | 2 years ago
Bitcoin taxes cryptocurrency
Bitcoin Taxes

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

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 | 2 years ago
Hungary
News

Hungary Does Not Consider Cryptocurrency Legal Tender Yet

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep...

Georgi Georgiev | 2 years ago
IRS crypto and bitcoin tax
Bitcoin Taxes

IRS Ramping Up Investigations Into Unreported Cryptocurrency Gains

The Internal Revenue Service (IRS) is stepping up its investigations into cryptocurrency-related tax fraud and unreported taxable gains. Clearer laws and guidelines are expected in the...

Kyle Baird | 2 years ago
thailand sec crypto rule tweak
News

Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on...

Dieter Holger | 2 years ago
tom lee bitcoin price prediction
Bitcoin Taxes

$25 Billion Owed in Crypto Taxes Causing ‘Massive’ Selling, Wall Street Analyst Says

‘Massive’ selling of cryptocurrencies into fiat by mid-April to be expected, as U.S. crypto holders ‘likely’ owe $25 billion in capital gain taxes according to Tom Lee, head of...

Georgi Georgiev | 2 years ago

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