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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...
5 Things to Know About Grams Wallet’s Terms of Use Before GRM Launch
8.10.2019
Telegram publishes terms of service for its native cryptocurrency Grams Wallet
Crypto Outpaces Political Donation Laws in Japan
7.10.2019
A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly...
Turkish Government Freezes Over 3 Million Bank Accounts
5.10.2019
Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure...
Ohio Removes Option to Pay Taxes With Crypto While Local SLP Project Presses Forward
3.10.2019
The state of Ohio has become an unexpected center of American fintech focus in recent years, thanks to remarkable developments at the intersection of crypto, blockchain and government. That said, the online crypto portal that has allowed Ohio businesses to pay their taxes with bitcoin since last...
Leaked Tax Filing: CEO of Under Fire Brazilian Firm Owns 25,000 Bitcoin
1.10.2019
Exclusive: CEO of Brazilian crypto firm refusing to pay out customer funds declared owning 25K BTC
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...
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
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
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...
Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns
17.9.2019
The now-defunct Canadian crypto exchange QuadrigaCX is being audited by the Canada Revenue Agency
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
France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales
12.9.2019
French economy minister Bruno Le Maire says that local authorities won’t tax crypto-only trades, but will tax when cryptos are sold for fiat
US Politician Uses Crypto to Buy Cannabis for Tax Remittance Demo
12.9.2019
First steps towards cannabis tax remittances via stablecoin in California as local politician buys cannabis using cryptocurrency
Tax Strategies For Cryptocurrency Investors To Legally Minimize Taxes
12.9.2019
Many cryptocurrency investors and taxpayers view the tax system as a drain on their wealth. They often say, if it wasn’t for taxes, I would have more funds to accelerate the growth of my portfolio and build wealth for my […]
The post Tax Strategies For Cryptocurrency Investors To Legally...
Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings
12.9.2019
Iran's National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports
Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
3.9.2019
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature...
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
Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free
29.8.2019
Portuguese tax authorities clarified that both crypto trading and payments in crypto are not taxed in the country