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From Taxes to Transparency: The IRS Gets Schooled on Crypto
3.3.2020
A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation
Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades
3.3.2020
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes
Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required
3.3.2020
Tips.Bitcoin.com allows users of crypto to tip BCH to friends and family via email address, arguably cutting out some of the inconvenience associated with standard bitcoin address formats. Unlike Coinbase Wallet’s new username option, which achieves similar ease for transactions, sending keys...
Coronavirus Impacts on Bitcoin (And the IRS’s Dumb Singularity)
1.3.2020
Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine discuss coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin. Plus a humorous look at the IRS's challenges as it lumps together bitcoin and... Ro-Bux?
Ex-Microsoft Engineer Used Bitcoin to Help Embezzle Millions From Tech Giant
27.2.2020
The software engineer used bitcoin mixers to help obfuscate the source of the stolen funds
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
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
Dutch Authorities Arrest 2 in Million-Euro Crypto Money Laundering Investigations
20.2.2020
Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Service arrested two men Monday for laundering millions of euros in cryptocurrency
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”
The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month
18.2.2020
The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?
14.2.2020
As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor...
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
IRS Does Not Consider Fortnite Money as Virtual Currency After All
13.2.2020
The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency
IRS Says No Taxes on Gaming Cash, Crypto Regulation Remains Hazy
13.2.2020
U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies.
The website...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
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...
DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
9.2.2020
This week, the Let's Talk Bitcoin! Show gathered to discuss the US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while
Blockchain Group Asks IRS to Exempt Small Crypto Payments + More News
5.2.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Tax news
A blockchain trade group, the Wall Street Blockchain Alliance, asked the U.S. Internal Revenue Service (IRS) to exempt...