Like elsewhere in crypto taxation, the rules for funds are far from straightforward, and discrepancies may lead to non-intuitive outcomes.
Why the IRS Should Treat Crypto as a New Asset Class
Tax pros in the cryptocurrency space are applying a hodgepodge of rules that historically have been applied to stocks, bonds and various other assets.
What ICO Issuers and Investors Need to Know About Taxes
There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.
What If You Can’t Pay Your Crypto Taxes on April 17?
Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.
Crypto Tax Dodgers Are Tempting Fate
The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey proposition.
Crypto Tax Dodgers Are Tempting Fate
The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey proposition.
A Bitcoin Rally After Tax Day? Don’t Bet the Farm
There are several reasons to discount the contribution of tax-related selling to the Q1 bear market – and thus the chances of a post-April 17 rebound.
Hobbyist in Hell: Tracking My Crypto Assets for the Taxman
The spreadsheet got more and more complicated, until one day it took two minutes to load.
Hobbyist in Hell: Tracking My Crypto Assets for the Taxman
The spreadsheet got more and more complicated, until one day it took two minutes to load.
Crypto Tax Support Is Coming Slowly to India
A partnership finds two India-based startups seeking to provide tools to crypto users who may need to report gains and losses on their 2018 taxes.
What You Don’t Know About Crypto Taxes Can Hurt You
There has been no new cryptocurrency tax guidance from the IRS since 2014. Consequently, few investors fully understand how to treat 2017 gains.
Making the Most of Crypto Mining Tax Breaks
From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated.
Bitcoin Forks and Livestock Law? Tax Day 2018 Is a Different Animal
U.S. income tax treatment of forks is unclear. A conservative approach would be to treat the receipt of new cryptocurrency as taxable ordinary income.
Five Steps to Stress-Free Crypto Tax Accounting
The prudent individual or business must keep up with regulation and develop a process to organize data related to trading cryptocurrency. Here’s how.
How to Mount a Tax Defense for Unreported Crypto Income
Most individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution.
US Crypto Tax Policy Isn’t Just Crazy, It’s Cruel
There is something extraordinarily cruel, crazy even, in the IRS’s approach of treating virtual currencies as property for tax purposes.
What the Taxman Can Learn from Crypto
Cryptocurrency reminds us that tax and other rules need to be fluid, as inaction or inappropriate responses can halt or slow technological advances.
Don’t Forget the ‘Other’ Cryptocurrency Tax
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
How Active Crypto Traders Can Save on US Taxes
Active crypto traders can qualify for trader tax status (TTS) to deduct business and home-office expenses. And there might be an additional benefit.
Do You Owe the IRS for Crypto-to-Crypto Trades?
For cryptocurrency traders, the ability to use like-kind exchange rules to avoid U.S. tax on trades is a bit of a “good news/bad news” story.