Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.
South Korean Prime Minister nominee to look into controversial crypto tax law
South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.
IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog
Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.
Canadian Municipality Set to Accept Bitcoin for Property Tax Payments
The Town of Innisfil, Ontario, will accept bitcoin for property tax payments from next month in a one-year trial project.
Arizona Lawmakers Strip Crypto Mentions From Tax Payments Bill
Arizona Senate Bill 1091 has been passed by the House and Senate – but no longer mentions cryptocurrencies anywhere.
Arizona’s Bid to Accept Crypto for Taxes Suffers Setback
Arizona’s crypto tax bill no longer enables the Department of Revenue to collect taxes in cryptocurrency, but rather directs it to conduct a study.