Search
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
20.12.2019
Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance
‘TurboTax’ for Crypto: Accounting Firm Lukka Debuts Tax Tool for Retail Investors
18.12.2019
Lukka, one of the first accounting firms for digital assets, is offering tax preparation services to retail crypto investors starting on Jan. 15
India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies
18.12.2019
We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
Poles Hit With Backdated Tax on Crypto Trades
16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
10.12.2019
Danish tax agency is asking crypto users to provide a full background of all their cryptocurrency transactions
Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
10.12.2019
Crypto accounting automation startup Lukka partnered with accounting advisor CPA.com to launch a crypto tax estimation tool
IRS Now Requires Tax Filers to Disclose Crypto Activities
9.12.2019
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto
6.12.2019
The tax authority of Brazil fines taxpayers who fail to declare their Bitcoin and crypto transactions
Kazakhstan Won’t Tax Cryptocurrency Mining: Report
4.12.2019
Kazakhstan’s lawmakers won’t be taxing crypto mining until the mined crypto is exchanged for fiat money, a report says
If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning
30.11.2019
Bitcoin price drops – last chance to reduce tax due before the end of the year
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
28.11.2019
A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons invoked Zietzke to file a petition to quash the tax agency’s investigation into his private...
US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records
27.11.2019
A federal judge denied a bitcoin user's petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange
4 Possible Reasons Bitcoin Dropped to $6.5K, According to VanEck Exec
26.11.2019
China and taxes may be behind $6,500 Bitcoin price drop
Missouri Firm Launches New Software For Reporting Crypto Taxes
26.11.2019
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting
Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters
25.11.2019
The Thai Excise Department to introduce a blockchain-based tax payback system for oil exporters
US Deputy Treasury Secretary: Crypto Raises Questions on Self-Government
22.11.2019
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued
John McAfee Speaks About Crypto and Government Taxes in The Block Runner Podcast
20.11.2019
Crypto scientist John McAfee appeared on The Block Runner Podcast, a fairly new crypto-blockchain YouTube channel. In half an hour-long interview, McAfee spoke deep about various topics, right from his early days as the cybersecurity expert, to constitutional legitimacy of income taxes...