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If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning
30.11.2019
Bitcoin price drops – last chance to reduce tax due before the end of the year
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
How to Navigate the Minefield of Cryptocurrency Taxation
23.11.2019
National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed...
IRS Dispels Crypto Tax Confusion
17.11.2019
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help...
Tax Agencies Worldwide Plan to Crack Down on ‘Dozens’ of Crypto Tax Evaders
10.11.2019
The U.S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map. Also...
Crypto Tax Guidelines Leave More Questions Than Answers
8.11.2019
Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this...
Blox Launches Automated Crypto Cost Basis Tool
5.11.2019
When it comes to owning cryptocurrencies, the investors should comply with the financial obligations like submitting their tax reports on time to the regulatory bodies. These crypto taxations and cost-based calculations often seem to be challenging for the financial professionals, due to the lack...
UK Introduces New Crypto Tax Rulings, Says Bitcoin is not Money
4.11.2019
The British government has updated its cryptocurrency tax rules, adding stipulations for businesses that work with crypto. Also, they stressed that they do not consider Bitcoin and other digital tokens to be money.
The UK’s tax agency, the HMRC (HM Revenue and Customs) had already released a series...
Top 8 Crypto Tax Platforms
27.10.2019
Making money, spending money, holding money, or just generally being around money, comes with a significant side effect, namely – taxes. The term itself evokes a desire to procrastinate, imagining hours and days of manual calculations and headache. Especially for newbies, it may seem like...
5,200 Tobacco Shops in France Now Sell Bitcoin
11.10.2019
Bitcoin can now be purchased at 5,200 tobacco shops in France. Fintech startup Keplerk launched the service on Oct. 10 after halting it for many months. France’s 24,000 licensed tobacco shops have diversified into non-tobacco products to boost revenue. Also read: IRS Issues New Crypto...
IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
10.10.2019
The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...
Picking out Positives from the (Perplexing) New Crypto Tax Guidelines
10.10.2019
The Internal Revenue Service (IRS), America’s top tax authority, has issued a new set of guidelines on cryptocurrency taxation.
And although many are bemoaning the new rules for a lack of clarity among other matters, there are a few silver linings to be found in the IRS’ press release, a new crypto...
How to Reduce Your Crypto Tax Bill by Taking Out a Crypto-Back Loans
25.8.2019
The crypto lending market has been experiencing an increasing interest in the past 12 to 18 months. More and more HODLers are using their digital asset holding as collateral for fiat currency loans. While the reasons to take out loans are myriad, one of the biggest arguments for taking out...
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes
16.8.2019
Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much...
What to Do if You Just Got a Crypto Tax Letter from the IRS
15.8.2019
Have you just woken up to find a letter from America’s top tax authority, the Internal Revenue Service (IRS) in your mailbox, asking you to pay tax on your crypto earnings… and come to the sad realization that you’re not having a nightmare?
Scores of American cryptocurrency traders have received...
Is Crypto Tax Coming to Brazil’s Richest State?
14.8.2019
The state parliament of São Paulo, in Brazil, is set to vote on the introduction of a tax on cryptocurrencies, with a private member’s bill making rapid progress through the legislature.
The state’s parliamentary gazette reports that the bill is now at its final committee stage.
The bill was...
US Committee to Debate Crypto Tax Reform, Indians ‘Face Questionnaire’
8.8.2019
Politicians and tax regulators around the world are continuing to struggle with the thorny issue of cryptocurrency taxation – with a congressional financial committee set to debate a “tax fix” act on crypto tax in the United States and Indian authorities reportedly grilling crypto holders with...
Crypto Tax Bill Introduced in the US House of Representatives
7.8.2019
A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations
North Carolina Congressman Reintroduces Crypto Tax Bill
7.8.2019
Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code
Russian Lawyers Draw up Pro-Crypto Tax Plans
1.8.2019
An influential group of Russian lawyers has drawn up a system for cryptocurrency taxation that involves granting property rights to holders of “all tokens” – and will be sending its suggestions to the lawmakers and regulators.
Per media outlet Kommersant, the Association of Lawyers of Russia...