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The 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 […]
The post Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event appeared first on Bitcoin News.
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On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]
The post 10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS appeared first on Bitcoin News.
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Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO […]
The post Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy appeared first on Bitcoin News.
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In this edition of The Daily we cover a regulated exchange that is starting to list security tokens, a new tool for accountants serving cryptocurrency users, and Coinbase linking its platform and wallet app in addition to adding XLM trading on Coinbase Pro. Also Read: Survey: 70% of Cryptocurrency Owners Rarely Use It for Payments […]
The post In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates appeared first on Bitcoin News.
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A publicly traded Canadian crypto miner has just made a $8 million bet that all bitcoin users around the world will eventually be compelled to report their transactions to the taxman, and that they will help handling this oftentimes complex process. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write […]
The post Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m appeared first on Bitcoin News.
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