With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS

The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes has been pushed to May 17th, there is […]

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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

Denmark's Tax Authority Sends Warning Letters to 20,000 Crypto OwnersThe tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also […]

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Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

Expert Insists IRS Letters Clarify - Exchanging One Crypto for Another Is TaxableThe U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very seriously.” Sean Ryan, CTO of Node40, a platform […]

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Tax Time is Here and Lots of Cryptocurrency Holders Don’t Care

Tax Time is Here and Lots of Cryptocurrency Holders Don't CareIn the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there […]

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Tax Filing Platform Teams with Zebpay to Help Crypto Taxpayers in India

Tax Filing Platform Teams with Zebpay to Help Crypto Taxpayers in IndiaThe largest tax filing platform in India, Cleartax, together with Zebpay, one of the leading Indian cryptocurrency exchanges, is uniting efforts to help Indians with their crypto taxes. The partnership aims to educate bitcoin investors and traders about the current tax laws and how they apply to reporting cryptocurrency incomes and profits. Also read: 0 […]

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Coinbase Launches Cryptocurrency Trading Tax Calculator

Coinbase Launches Cryptocurrency Trading Tax CalculatorHaving recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, […]

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