Are You Ready for the New Crypto Tax Season?
Crypto tax season has started: Here are Cointelegraph’s tips for easy and accurate reports. Go to Source Powered by WPeMatico
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Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly
Tax 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 … Read more
How to Ensure Bitcoin Tax Compliance in 2020 and Beyond
2019 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 … Read more
Crypto Tax Reporting Failures Can Be Expensive, Even Criminal
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you Go to Source Powered by WPeMatico
Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital Go to Source Powered by WPeMatico
These Are the Bitcoin Stories You Loved in 2019
2019 was a crazy year for cryptocurrency enthusiasts and a number of interesting events happened throughout the last 12 months. It’s hard to keep track of the day-to-day activities taking place within the cryptosphere and there may be a few incidents some of our readers missed. At news.Bitcoin.com we took the opportunity to scan our … Read more
Around the World in 2019 — A Landmark Year for Crypto Taxation
US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019 Go to Source Powered by WPeMatico
Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get … Read more
Thomson Reuters Launches Crypto Tax Tool
Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read: Thomson Reuters Eikon to Display Data on … Read more
Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal … Read more