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 ...
Tag: taxes
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 ...
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 ...
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 ...
$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 ...
‘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 ...
8 Reasons Why Taxing Cryptocurrency Trades is Just Not Fair
Taxation of cryptocurrency trades is the subject of much contention and as tax return statistics roll in it’s clear that ...
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 ...
