Month: November 2019

Governments Viewing Crypto as a Threat Will Be Left Behind

by

In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges. While the continued push to regulate crypto is no surprise, the general narrative espoused by U.S. officials that cryptocurrencies … Read more

IRS Dispels Crypto Tax Confusion

by

The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help them. Also read: Tax Guide: What Crypto Owners Should Know Pre-2018 Like-Kind Exchanges … Read more

The IRS Will Shift its Focus to Users and Operators of Bitcoin ATMs and Kiosks

by

In a new statement, the IRS confirms it will continue to focus on cryptocurrency activities. Particularly those individuals and companies operating Bitcoin ATMs and Kiosks may see some intervention pretty soon.  As the IRS continues to target cryptocurrency users, they are doing so in a deliberate manner. Bitcoin ATMs may Facilitate Tax Evasion First, they … Read more

You have not selected any currencies to display