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Nalezeno "Taxes": 944

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...

66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns

8.6.2020
Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would...

10 Tips for Filing Crypto Taxes

7.6.2020
There are only a few more weeks before the U.S. tax season. The 2020 U.S tax season deadline has historicallyContinue Reading The post 10 Tips for Filing Crypto Taxes appeared first on CoinMarketCap Blog

Your Crypto Taxes Can Be Donated to Charity Instead

5.6.2020
Cryptocurrency has become one of the easiest ways to donate to charity without the funds being funneled to third parties

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

4.6.2020
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition...

Japanese Finance Minister May be Opposed to Lowering Tax on Crypto

2.6.2020
Taro Aso might not be willing to support legislation in Japan treating cryptocurrency-related income the same as that for stocks

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...

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

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...

How You Could Save Money When Reporting Crypto Taxes

16.5.2020
There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe?

IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations

13.5.2020
The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions

IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns

13.5.2020
The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."

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

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

$2K per Month for Every American: Andrew Yang Begs Congress to Pass Basic Income

26.4.2020
While most of the U.S. remains on lockdown, a few states across the nation are starting to open up businesses and lift restrictions. Meanwhile, politicians on the left have been trying to push a universal basic income (UBI) package through Congress, in order to give Americans in need a monthly...