Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-state networks are taxed, to prevent taxpayers from owing more than they should.
Crypto Taxes: Still Confused After All These Years
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
Swiss Government Makes Moves to Encourage Crypto Businesses
The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses.
IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns
The IRS is emailing crypto startups with an offer to “assist our Revenue Agents in calculating taxpayers’ gains or losses as a result of their transactions involving virtual currency.”
IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns
The IRS is emailing crypto startups with an offer to “assist our Revenue Agents in calculating taxpayers’ gains or losses as a result of their transactions involving virtual currency.”
Singapore Won’t Tax Airdrops or Hard Forks Under New Crypto Guidance
Singapore’s taxation authority has clarified how it taxes the transaction of payment, utility and security tokens.
Singapore Won’t Tax Airdrops or Hard Forks Under New Crypto Guidance
Singapore’s taxation authority has clarified how it taxes the transaction of payment, utility and security tokens.
BitGo Cements Hold on Institutional Market With Lumina Acquisition
BitGo is expanding aggressively out of its core custodial business, announcing Thursday it acquired Lumina to build a tax services.
CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool
The crypto tax reporting app provider has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa.
Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds
Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.
Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds
Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.
IRS Crypto Summit Was About the Exchange of Ideas, Not Tax Guidance
No new guidance is expected to come from Tuesday’s IRS Crypto Summit, but that the event happened at all is still a positive sign for the industry.
Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes.
The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month
The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month.
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.
DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
This week, the Let’s Talk Bitcoin! Show gathered to discuss the US tax treatment of “Virtual Currencies” and how scams find a home wherever opportunity exists, at least for a while.
How Blockchain Will Track Taxes (and Tax Cheats)
The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes.
New Hampshire Lawmakers Vote Down Crypto Tax Bill
New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments.
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance.
‘TurboTax’ for Crypto: Accounting Firm Lukka Debuts Tax Tool for Retail Investors
Lukka, one of the first accounting firms for digital assets, is offering tax preparation services to retail crypto investors starting on Jan. 15.