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Nalezeno "Tax": 1818

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract

11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...

Targeted by IRS? What Cryptocurrency Owners Should Know

9.9.2020
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How...

'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report

7.9.2020
Source: Adobe/Galina_lya Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering. "The authors observe that blockchain...

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...

Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year

4.9.2020
Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims to “promote and simplify the use of cryptocurrencies...

Residents of Europe’s Crypto Valley Can Pay Tax Bills in Bitcoin, Ethereum

3.9.2020
Zug. The Swiss canton of Zug – the heart of the nation’s burgeoning crypto and blockchain industry – will be allowed to pay tax bills of up to USD 109,670 in bitcoin (BTC) or ethereum (ETH) from February 2021. Per Bloomberg, the canton’s tax authority has sealed a deal with crypto custody firm...

Crypto Kanoon Partners with BearTax to Help Users with Tax Docs

31.8.2020
Indian crypto media house Crypto Kanoon announced on Sunday that it has joined hands with crypto accounting software solutions platform BearTax. It stated in the official tweet that BearTax will help Indian crypto users to generate their tax documents in three steps, after scanning their crypto...

IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners

26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....

Crypto Question Placement on New Tax Return 'Signals IRS Action'

24.8.2020
The United States Internal Revenue Service (IRS) has released a new draft for filing the 2020 tax returns, with several significant changes - primarily placing the crypto transaction question on the first page of the return. Form 1040, US Individual Income Tax Return, will ask citizens filing...

IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form

22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...

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