A federal judge denied a bitcoin user’s petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange.
Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed.
New IRS Warning Letters Target Crypto Investors Who Misreported Trades
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.
IRS Says It’s Sending Warning Letters to US Cryptocurrency Owners
The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.
California CPAs Push for Crypto Accounting Clarity
Accountants want to fill gaps in the U.S. GAAP when it comes to cryptocurrencies.
IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014
The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency’s commissioner told a lawmaker Monday.
Coinbase Integrates TurboTax to Help US Clients File Crypto Taxes
TurboTax is partnering with Coinbase and four other crypto startups to help U.S. investors properly file their taxes for 2018.
Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire
A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes.
Overstock Will Pay Some of Its 2019 Taxes in Bitcoin
Overstock.com plans to be the first major business to pay state taxes using bitcoin in Ohio.
UK Tax Agency Publishes Detailed Guidance for Crypto Holders
U.K. tax body HMRC has provided an in-depth explanation of how cryptocurrency users should pay taxes on their holdings.
IRS Advisors Call for More Tax Guidance on Crypto Transactions
An advisory group to the U.S. tax agency has called for clearer guidance around how cryptocurrency transactions are taxed.
US Congressman Drafts Bills to Aid Blockchain Development
U.S. Representative Tom Emmer plans to introduce three blockchain-focused bills to Congress in the coming weeks aimed at spurring development.
Ukrainian Parliament Proposes Taxing Crypto-Related Profits
The Ukrainian parliament has introduced a bill outlining taxes on cryptocurrency-related profits.
Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments
BitPay has partnered with a Florida county tax collector to facilitate tax payments in bitcoin and bitcoin cash.
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.
Arizona’s Crypto Tax Payments Bill Clears Hurdle
Arizona’s revamped cryptocurrency tax bill was approved by a key committee on Monday.
Credit Karma: Almost No One Is Reporting Crypto Tax Gains
Tax firm Credit Karma reported that less than 1 in 250 users reported cryptocurrency gains or losses on their tax forms.
Arizona’s Crypto Tax Payments Bill Is Being Revamped
Arizona’s crypto tax bill is still moving forward, despite seeming to have stalled in the Senate last month.
‘Lack of Understanding’ Derails Georgia’s Bitcoin Tax Bill, Says State Senator
A Georgia bill to enable tax payments through cryptocurrencies failed to get out of committee, one of the measure’s sponsors said.