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Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
8.7.2020
Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded
Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings
20.6.2020
Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported...
One Month Left to Crypto Tax Season — 5 Critical Mistakes to Avoid
18.6.2020
All you need to know to prepare for Crypto Tax Season 2020 and correctly inform the IRS about your crypto
Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time
15.6.2020
The Internal Revenue Service has already changed its deadlines to July 15, so if you are not ready to file your crypto taxes in a month, you should ask for an extension
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...
South Korea to Start Taxing Bitcoin Profits in 2021
29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...
Eight Countries That Don’t Tax Your Bitcoin Gains
26.5.2020
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets...
Devon Brewer: Rediscovering the Golden Rule
9.5.2020
The Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, even as children without education. I like the negative form of the Golden Rule the best. One of the earliest written...
Two Thirds of Users Support Taxation of Crypto Assets
1.5.2020
The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation
Non-Stimulus Tax Rules You’ll Need This Year
10.4.2020
The IRS has already started crucial initiatives to fight against the COVID-19 crisis, but will they benefit taxpayers?
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
7.4.2020
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known...
IRS Delays Tax Day to July 15, Still Monitors Crypto
20.3.2020
The IRS has changed the tax payment deadline. What does this mean and what else has been changed?
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
12.3.2020
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts....
South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
25.2.2020
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders
IRS Crypto Tax Return Question — Be Careful How You Answer
24.2.2020
If you received, sold, sent or exchanged any virtual currencies last year, the IRS has to know
IRS Invites Cryptocurrency Advocates to March Summit
19.2.2020
Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement”
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
Blockfolio and TokenTax Join Forces to Make Taxes Easier
14.2.2020
Blockfolio users can now import their existing crypto portfolios into TokenTax’s automated software
Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
10.2.2020
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also...
Are You Ready for the New Crypto Tax Season?
29.1.2020
Crypto tax season has started: Here are Cointelegraph’s tips for easy and accurate reports