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IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

12.10.2019
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...

10 Tax Tools to Help Crypto Owners

18.9.2019
While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data...

Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit

3.9.2019
Craig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to...

IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...

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...

Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

5.8.2019
The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters...

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

24.7.2019
A new filing has been submitted to the ongoing Kleiman v. Wright case stemming from a man who claims to be Satoshi Nakamoto. The man, named Debo Jurgen Etienne Guido, has sent handwritten testimony to the Southern District of Florida courthouse asserting that he is the “genuine and only...

SEC Begins Green-Lighting Token Offerings

17.7.2019
The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read:...

Crypto Tax Season: What you need to know

20.2.2019
The basics to keep in mind when filing your tax returns involving cryptocurrencies this year. From the CMC Editorial Desk: It’s… taaaax season. Before you panic, what do you need to know as you’re filing returns on your crypto? Find […] The post Crypto Tax Season: What...

The peculiar magic of flexbox and auto margins

27.7.2018
In front-end development, there are often times when I know that I don’t know something. I might know enough to know what CSS to search for, but I have absolutely no idea how to use it or what the right syntax is. Somehow, in my head, there appears to be a filing cabinet that’s entirely empty,...

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