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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...
U.S. IRS Releases Guidance on Crypto Airdrops and Hard Forks
9.10.2019
The IRS has issued new guidance that attempts to clarify tax reporting for crypto hard forks and airdrops
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
9.10.2019
For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know
IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
30.9.2019
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...
Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know
26.9.2019
The US Internal Revenue Service (IRS) might be tracking your crypto addresses
H&R Block Offers Solutions for Taxpayers With Crypto Transactions
25.9.2019
U.S.-based accounting firm H&R Block rolls out a new service for crypto currency transactions
Are Tax Moves to Puerto Rico Worth It for Crypto Holders?
20.9.2019
Some in the crypto community have embraced moving to Puerto Rico for tax reasons. Our tax expert explains whether or not it is worth it
IRS Warns SMEs: Our Agents Are Trained to Value and Seize Your Crypto
20.9.2019
Source: iStock/Photographer, Filmmaker, Designer
America’s top tax authority, the Internal Revenue Service (IRS) has issued a chilling warning to small and medium-sized enterprises (SMEs) that deal with cryptocurrencies. The agency said that it will step up its collection efforts and criminal...
CipherTrace Scout App Takes Crypto Investigations Mobile
20.9.2019
Blockchain forensics firm CipherTrace has developed a mobile tool for flagging bitcoin and ethereum tokens with a likely criminal past
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...
Indian Parliament Member Helping Crypto Community Influence Regulation
17.9.2019
The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to...
The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why
14.9.2019
The information that the IRS is receiving from cryptocurrency exchanges does not reflect your capital gains and losses whatsoever. This is problematic because these capital gains and losses are what you actually pay taxes on, not gross transaction amounts
IRS Expands Penalties: Which Tax Mistakes Are Better Not to Commit
2.9.2019
With crypto, the IRS is digging hard, investigating both tax evasion and just poor compliance. What the IRS considers “willful” vs. “non-willful” tax flubs have huge consequences
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
IRS Sends New Round of Letters to Bitcoin and Crypto Holders
25.8.2019
Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know
Crypto Taxation Around the Globe — What Do Regulations Look Like?
23.8.2019
Different countries use individual taxation schemes to govern their respective crypto industries. Let’s take a look at some of them
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...
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...