Category: tax reporting
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Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions to the IRS
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How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli
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Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS.
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Rotki Wants to Integrate DeFi Support Into its Tax Reporting Tool
Cryptocurrency portfolio tracking solutions will only become more popular over time. Especially offerings providing accounting solutions have great merit. Rotki is one of the applications well worth keeping an eye on. Rotki Prioritizes DeFi Tax Reporting Solutions More specifically, this is an open source tracking solution for cryptocurrency portfolios. It also grants access to accounting, analytics, and tax reporting features for users all over the world. So far, this solution has proven to be incredibly valuable, but there is still room for improvement. The team wants to keep the project funding, which is always a challenge. Given the steep amount
The post Rotki Wants to Integrate DeFi Support Into its Tax Reporting Tool appeared first on The Merkle Hash.
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Coinsmart Launches Cryptocurrency Exchange for Canadian Tax Payers
With the international regulatory drive to tackle tax evasion by cryptocurrency users, combined with a lack of clear guidance from authorities in many places, everyday people are concerned about handling reporting themselves. And where there is a need, companies always pop up to tap the demand with various solutions. The latest example of this comes […]
The post Coinsmart Launches Cryptocurrency Exchange for Canadian Tax Payers appeared first on Bitcoin News.
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Israel Tax Authority Convinces Local Exchange to Report Big Traders
Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral Launches Its New Crypto Wallet […]
The post Israel Tax Authority Convinces Local Exchange to Report Big Traders appeared first on Bitcoin News.
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331 High-Income Traders Declared Crypto Profits in Japan
The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance […]
The post 331 High-Income Traders Declared Crypto Profits in Japan appeared first on Bitcoin News.
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Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m
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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