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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
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...
How Blockchain Will Track Taxes (and Tax Cheats)
6.2.2020
The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...
City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
29.1.2020
The Swiss municipality of Zermatt is now the second city in Switzerland where taxpayers are officially allowed to pay their dues in Bitcoin
Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly
27.1.2020
Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud...
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...
Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion
21.1.2020
As cyber crimes evolve, Britain’s tax agency pursues new tech to combat growing tax evasion using crypto
New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails
17.1.2020
New Hampshire state representatives have killed the legislature’s second attempt to accept crypto tax payments, saying that Bitcoin’s volatility is too high
New Hampshire Lawmakers Vote Down Crypto Tax Bill
16.1.2020
New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments
Bill to Exempt Small Crypto Transactions From Taxes Returns to US Congress
16.1.2020
A bill to protect crypto users from capital gains taxes on day-to-day transactions has been reintroduced in US Congress
Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill
16.1.2020
Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill
Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
10.1.2020
Authors of New York’s new digital payments system Inclusive Value Ledger claim that the initiative is still open for implementing blockchain technology
Crypto Tax Reporting Failures Can Be Expensive, Even Criminal
8.1.2020
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you
Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
6.1.2020
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital
Verady and Thomson Reuters Collaborates to Develop Tool for Compliance in Crypto Taxes
3.1.2020
As blockchain and cryptocurrency trading has been increasing its wings in every industry, there is a growing demand for regulations, especially in the United States, where a high level of discrepancies can be observed in the cryptocurrency transactions. Atlanta based crypto auditing firm Verady,...