The IRS continues to hunt for crypto user identities. If the IRS audits you, sends you notices, etc., should you handle it yourself or get professional help?
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Crypto IRS Audits: Hire Professionals or Do it Yourself?
Category: IRS
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IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year. Also read: […]
The post IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings appeared first on Bitcoin News.
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US IRS Makes Change to Standard Questions in Regards to Cryptocurrencies
The U.S. IRS adds question to 1040 income tax form to find out if taxpayers have been dealing with cryptocurrencies
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IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […]
The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News.
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IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on […]
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Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know
The US Internal Revenue Service (IRS) might be tracking your crypto addresses
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H&R Block Offers Solutions for Taxpayers With Crypto Transactions
U.S.-based accounting firm H&R Block rolls out a new service for crypto currency transactions
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Are Tax Moves to Puerto Rico Worth It for Crypto Holders?
Some in the crypto community have embraced moving to Puerto Rico for tax reasons. Our tax expert explains whether or not it is worth it
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10 Tax Tools to Help Crypto Owners
While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major crypto exchanges. Also […]
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Indian Parliament Member Helping Crypto Community Influence Regulation
The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Parliament Member Agrees to Help […]
The post Indian Parliament Member Helping Crypto Community Influence Regulation appeared first on Bitcoin News.
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