Cryptocurrency Taxes

Beginning Nov. 26, Ohio will begin accepting Bitcoin payments for twenty-three kinds of business taxes. The state will become the first in the United States–and one of the first governments in the world–to accept cryptocurrency. Up until now, there...

In a letter sent from the House Ways and Means Committee on Wednesday, U.S. lawmakers are calling on the Internal Revenue Service (IRS) to issue more specific guidelines for taxes on digital assets. The letter lays out exactly what...

The US Internal Revenue Service has launched an international joint task force focusing on cryptocurrencies in order to investigate crypto-related tax evasion and money laundering. Announced on Monday, the Joint Chiefs of Global Tax Enforcement (J5) will see tax...

The April 17th tax deadline is fast approaching. The following guide contains instructions on calculating taxes on your cryptocurrency investments. Cryptocurrencies outperformed nearly every other traditional asset. Since the beginning of the year, the value of cryptocurrencies increased by...

The April 17th tax deadline is approaching, and miners are no exception. This article dispels some of the confusion surrounding cryptocurrency mining and taxes. Taxes on Cryptocurrency Mining Successfully mining cryptocurrency triggers a taxable event. How the IRS treats...

Taxation is currently a hot topic in the cryptocurrency ecosystem, with market leading cryptocurrency broker Coinbase announcing that it has been legally obligated to turn over information on approximately 13,000 users to the United States Internal Revenue Service. The...

2017 was the year that digital currencies became popular and profitable. It was an exciting time as each day brought new and extravagant price hikes that brought the crypto market cap from less than $20 billion to more than...