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IRS gets access to crypto exchange Circle’s user data, targets Kraken next

Liam Frost · 3 weeks ago · 2 min read

Despite no laws, Indian minister says traders must pay taxes on Bitcoin

An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express.

Shaurya Malwa · 3 weeks ago · 2 min read

U.K. tax authorities freeze capital gains tax signaling short term victory for crypto investors

United Kingdom crypto investors braced themselves for significant changes in the treatment of Capital Gains Tax (CGT).

Samuel Wan · 2 months ago · 2 min read

Edge

South Korea: Economists say taxing Bitcoin is a “premature” decision; here’s why

South Korean economists aren’t happy with the government’s proposal to tax Bitcoin and other cryptocurrencies, days after reports suggested the latter.

Shaurya Malwa · 10 months ago · 3 min read

Algorand and Blockchain.com users can now report taxes and transactions via a new tool

Algorand and Blockchain dot com are getting a much-needed boost, the two firms are integrating with a crypto accounting and tax platform to help users easily manage financial implications on decentralized transfers and crypto storage.

Shaurya Malwa · 12 months ago · 2 min read

The top 6 reasons to start tracking your crypto

There is an abundance of new and existing crypto tokens, coins crypto wallets, service providers and decentralized financial instruments powered by blockchain.

Adam Efrima · 1 year ago · 4 min read

Popular crypto tax analysis company hits $1b in transactions, raises $3 million

Seattle-based cryptocurrency tax analysis firm ZenLedger has raised $3.35 million in a seed round after processing more than $1 billion crypto transactions.

News Desk · 1 year ago · 2 min read

Crypto-to-crypto trades remain tax exempt, says French finance minister

Crypto-to-crypto trades will remain tax exempt, iterated French finance minister Bruno Le Maire.

Mitchell Moos · 2 years ago · 2 min read

IRS conducting electronic surveillance in attempt to clampdown on Bitcoin tax crime

The IRS plans to interview family and friends, search through social media posts, and issue subpoenas to ensure people pay taxes on their Bitcoin, according to a presentation given to the IRS Criminal Investigation division.

Mitchell Moos · 2 years ago · 4 min read

How to pay no taxes on your Bitcoin gains

Taxes, in and of themselves, can be complex, and throwing your crypto gains on top of it makes things even more challenging.

Bryce Welker · 2 years ago · 4 min read

How some traders avoid bitcoin taxes using crypto loans

Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax.

Priyeshu Garg · 2 years ago · 3 min read

Starbucks Wants Customers to Buy Coffee with Bitcoin, Taxes Disagree

Former vice president of payments at Starbucks, Maria Smith, promised that Starbucks would play a “pivotal role in developing practical, trusted and regulated applications for consumers” to pay for coffee with Bitcoin.

Liam Kelly · 2 years ago · 3 min read

Stablecoin Classifications, Regulations, and Tax Implications from a Certified Public Accountant

Stablecoins are the latest innovation to emerge over the past year and have the potential to revolutionize not only virtual currency markets but to also become a new mechanism for worldwide commerce.

Dmitri Alexeev · 2 years ago · 5 min read

Understanding the IRS and Cryptocurrency: Penalties, Tax Evasion, and Compliance

Delinquent federal and state tax filings or unreported 2017 or prior tax years’ transactions may force taxpayers dealing in crypto to liquidate significant positions in cryptocurrencies at lower values to pay outstanding tax liabilities to the IRS, including interest and penalties.

Dmitri Alexeev · 2 years ago · 5 min read

Denmark Gains Access to Sensitive User Data on Domestic Cryptocurrency Exchanges for Taxation

The battle between tax authorities and cryptocurrency users took a turn in favor of the tax collectors.

Darryn Pollock · 2 years ago · 2 min read

Overstock is Paying Ohio Taxes in Bitcoin

Major United States furniture retailer Overstock announced that it will pay taxes in bitcoin for the Ohio-based portion of its business under the state’s novel taxpayer platform, Ohiocrypto dot com.

Shaurya Malwa · 2 years ago · 2 min read

Congressmen Introduce Bill to Change Securities Definition to Exclude Cryptocurrency

Two congressmen are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.

Mitchell Moos · 2 years ago · 5 min read

Turning your 2018 Bitcoin and Crypto Losses into Tax Savings

The cryptocurrency market saw a dramatic fallout throughout 2018.

David Kemmerer · 2 years ago · 4 min read

French Parliament Rejects Crypto-Friendly Tax Changes

In France, several proposed changes to the laws governing the tax treatment of cryptocurrencies were rejected in the parliament on December 17th.

Ian Edwards · 2 years ago · 3 min read

Filing Your Crypto Taxes 101

If you bought Bitcoin and other cryptos when prices were high then there’s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.

Alex Munkachy · 2 years ago · 5 min read

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Latest Taxes News

IRS gets access to crypto exchange Circle’s user data, targets Kraken next

Despite no laws, Indian minister says traders must pay taxes on Bitcoin

U.K. tax authorities freeze capital gains tax signaling short term victory for crypto investors

South Korea: Economists say taxing Bitcoin is a “premature” decision; here’s why

Algorand and Blockchain.com users can now report taxes and transactions via a new tool

The top 6 reasons to start tracking your crypto

Popular crypto tax analysis company hits $1b in transactions, raises $3 million

Crypto-to-crypto trades remain tax exempt, says French finance minister

IRS conducting electronic surveillance in attempt to clampdown on Bitcoin tax crime

How to pay no taxes on your Bitcoin gains

How some traders avoid bitcoin taxes using crypto loans

Starbucks Wants Customers to Buy Coffee with Bitcoin, Taxes Disagree

Stablecoin Classifications, Regulations, and Tax Implications from a Certified Public Accountant

Understanding the IRS and Cryptocurrency: Penalties, Tax Evasion, and Compliance

Denmark Gains Access to Sensitive User Data on Domestic Cryptocurrency Exchanges for Taxation

Overstock is Paying Ohio Taxes in Bitcoin

Congressmen Introduce Bill to Change Securities Definition to Exclude Cryptocurrency

Turning your 2018 Bitcoin and Crypto Losses into Tax Savings

French Parliament Rejects Crypto-Friendly Tax Changes

Filing Your Crypto Taxes 101

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Latest Taxes News

Despite no laws, Indian minister says traders must pay taxes on Bitcoin

U.K. tax authorities freeze capital gains tax signaling short term victory for crypto investors

South Korea: Economists say taxing Bitcoin is a “premature” decision; here’s why

Algorand and Blockchain.com users can now report taxes and transactions via a new tool

The top 6 reasons to start tracking your crypto

Popular crypto tax analysis company hits $1b in transactions, raises $3 million

Crypto-to-crypto trades remain tax exempt, says French finance minister

IRS conducting electronic surveillance in attempt to clampdown on Bitcoin tax crime

How to pay no taxes on your Bitcoin gains

How some traders avoid bitcoin taxes using crypto loans

Starbucks Wants Customers to Buy Coffee with Bitcoin, Taxes Disagree

Stablecoin Classifications, Regulations, and Tax Implications from a Certified Public Accountant

Understanding the IRS and Cryptocurrency: Penalties, Tax Evasion, and Compliance

Denmark Gains Access to Sensitive User Data on Domestic Cryptocurrency Exchanges for Taxation

Overstock is Paying Ohio Taxes in Bitcoin

Congressmen Introduce Bill to Change Securities Definition to Exclude Cryptocurrency

Turning your 2018 Bitcoin and Crypto Losses into Tax Savings

French Parliament Rejects Crypto-Friendly Tax Changes

Filing Your Crypto Taxes 101