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Good News For Crypto Traders in the U.S. as IRS Extends Tax Deadline

20.3.2020
The tax deadline in the USA has been extended due to the Covid-19 outbreak, and this concerns crypto as well. The U.S. Treasury Department and Internal Revenue Service (IRS) have issued guidance extending the tax deadline 2020 for all individual and other non-corporate tax filers with up to USD...

Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency

19.3.2020
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting...

Crypto Investors Should Care About the IRS Delaying Tax Payments

19.3.2020
Crypto traders may enjoy some respite from the market crash as tax payments have been deferred in the U.S

US Takes Regulatory Steps for Blockchain Technology Adoption

17.3.2020
To remain its leading position in the financial sector, the U.S. is moving towards blockchain adoption

US Charges Dutch National With Running Crypto-Funded Child Porn Site

12.3.2020
U.S. officials allege a Dutch national referred to as “Michael R.M.” made $1.6 billion in bitcoin by operating a rape and child pornography website for the last eight years

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 Summit Was About the Exchange of Ideas, Not Tax Guidance

6.3.2020
No new guidance is expected to come from Tuesday’s IRS Crypto Summit, but that the event happened at all is still a positive sign for the industry

Crypto Taxes a ‘Nightmare' — Congress Hears the Latest on Blockchain for Small Business

4.3.2020
One of the witnesses at a recent government blockchain hearing said dealing with the current crypto tax scene is a mess

Major Crypto Exchanges Lament Outsized Scrutiny From US IRS

3.3.2020
Major crypto exchanges fear that U.S. regulators see the industry as far more dangerous than it really is, posing major obstacles to development

From Taxes to Transparency: The IRS Gets Schooled on Crypto

3.3.2020
A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation

Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades

3.3.2020
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes

Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required

3.3.2020
Tips.Bitcoin.com allows users of crypto to tip BCH to friends and family via email address, arguably cutting out some of the inconvenience associated with standard bitcoin address formats. Unlike Coinbase Wallet’s new username option, which achieves similar ease for transactions, sending keys...

Coronavirus Impacts on Bitcoin (And the IRS’s Dumb Singularity)

1.3.2020
Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine discuss coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin. Plus a humorous look at the IRS's challenges as it lumps together bitcoin and... Ro-Bux?

Ex-Microsoft Engineer Used Bitcoin to Help Embezzle Millions From Tech Giant

27.2.2020
The software engineer used bitcoin mixers to help obfuscate the source of the stolen funds

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

US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets

24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...

How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus

23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....