Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?

Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor, to vehement denigrator of the “NSA-created surveillance money,” there is no […]

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The IRS Asks Very Deep Questions Regarding Your Cryptocurrency Activities

TheMerkle Coinbase IRSFiling taxes related to cryptocurrencies in the US can be a very painstaking endeavor. It now appears that the IRS crypto tax audit letter being sent out to users is a lot more invasive than initially assumed.  It is no secret that the IRS wants to target cryptocurrency holders. The IRS Goes All-in on Cryptocurrency Usage To do so, the agency will ask some very tough questions. Some of those questions will not go over well with the general public. As it turns out, the IRS wants to know a lot of things most people would never expect. The copy

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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators

5 Useful Crypto Tax CalculatorsFor crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also integrate with leading tax filing software […]

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IRS Explains What Crypto Owners Must Know to File Taxes This Year

IRS Explains What Crypto Owners Must Know to File Taxes This YearKicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million filers to reveal whether they acquired or […]

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Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly

Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If ImperfectlyTax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains […]

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How to Ensure Bitcoin Tax Compliance in 2020 and Beyond

TheMerkle ATO Bitcoin Tax Evasion2019 was the year when the term “cryptocurrency tax” became deeply embedded in token-holders’ lexicons. Sure, the idea that you’d have to pay tax on your bitcoin or other digital assets has been kicking around for years, but more column inches were devoted to the taxation of crypto last year than any preceding it.  Undoubtedly this stems from various national agencies releasing detailed guidance on how to treat your cryptocurrency transactions and prepare an acceptable tax return, as well as news stories about the same authorities sending warning letters to taxpayers with crypto holdings. In any case, such publicity has

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