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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
Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season
1.7.2020
The Federal Taxation Service. Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits.
Although the country is likely still “a year or more” away from comprehensive crypto laws...
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...
Tax Time: Ernst & Young Release Crypto Tax App
19.6.2020
A new crypto reporting app by the big four accounting firm EY will help clients with tax reporting as the IRS cracks down on tax evasion
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
South Korean Crypto Tax Reports, Canada's CBDC + More News
17.6.2020
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.
Regulation news
South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about...
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 is Exploring New Crypto Tax Laws
27.5.2020
The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law
South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’
27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.”
Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...
Guide Highlights Patchwork of Crypto Tax Laws in Latin America
7.5.2020
New research has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in Latin America
Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company
13.4.2020
Clients of RSM will receive access to Lukka’s crypto tax and accounting software
Polish Politicians and Bitcoin Enthusiasts Clash Online over Crypto Tax
9.4.2020
The Polish government has come under fire for introducing coronavirus-mitigating legislation that includes suspending a new 1% civil law transactions tax (PCC) on crypto purchases and sales.
A number of opposition politicians have criticized the government, claiming there are other groups besides...
Politician Challenges Japanese Gov’t on Crypto Tax Rate, Urges Review
7.4.2020
Shun Otokita. Sourse: a screenshot, Instagram/otokitashun
A Japanese lawmaker has challenged the government on its crypto tax rate policy, claiming that the current rate of taxation on crypto-related profits is “too high” – claiming that “investors are moving their money overseas” rather than...
CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool
2.4.2020
The crypto tax reporting app provider has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa
Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners
2.4.2020
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite...
Crypto.com Simplifies Crypto Tax Reporting for Its Users
24.3.2020
Crypto.com has partnered with CoinTracker, TokenTax and CryptoTrader.Tax to automate crypto tax reporting
CoinTracking.info Helps Crypto Traders Avoid Costly Tax Mistakes
10.3.2020
CoinTracking.info, the world’s most popular cryptocurrency tax software, is announcing the launch of a new service aimed at helping crypto traders avoid a common tax-time mistake: submitting incomplete or incorrect data to the IRS.
The post CoinTracking.info Helps Crypto Traders Avoid Costly...
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
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...
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