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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...
New IRS Warning Letters Target Crypto Investors Who Misreported Trades
14.8.2019
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions
US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter
14.8.2019
Did you get letter 6173 from the IRS? You only have a few days to reply
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
12.8.2019
Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
North Carolina Congressman Reintroduces Crypto Tax Bill
7.8.2019
Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code
Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up
6.8.2019
Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds