Missouri Firm Launches New Software For Reporting Crypto Taxes
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting Go to Source Powered by WPeMatico
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IRS Vs. Bitcoin ATMs: Industry Says There Is Already Enough Regulation
The IRS is eyeing the Bitcoin ATM industry for potential tax issues. Large industry players are already compliant enough, experts say, while smaller operators might experience additional difficulties Go to Source Powered by WPeMatico
IRS Laughs Off Coinbase User’s ‘Surveillance Conspiracy’ in Tax Reporting Case
IRS reaffirms that its summons on crypto trading platform Coinbase in an income tax investigation is legitimate Go to Source Powered by WPeMatico
The IRS Will Shift its Focus to Users and Operators of Bitcoin ATMs and Kiosks
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
IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks
The U.S. IRS is investigating potential tax compliance issues of Bitcoin ATMs and kiosks Go to Source Powered by WPeMatico
The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops
The IRS is still uncertain as to how they will treat cryptocurrency airdrops. Additionally, the agency clarified how users can’t defer taxes on transactions occurring before 2018. It is promising to see the IRS focus on cryptocurrencies in this day and age. Bringing them into the mainstream adds more legitimacy to Bitcoin and altcoins. The … Read more
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says Go to Source Powered by WPeMatico
The IRS Confirms a new Wave of Cryptocurrency Audits is Coming
Tax agencies around the globe continue to crack down on cryptocurrency users. A new joint report by the IRS and other agencies confirm there are new tools being deployed to identify tax evaders, cybercriminals, and other culprits. For some time now, the Joint Chiefs of Global Tax Enforcement have been working together. The IRS Targets … Read more
Her Majesty the Queen Rules Out Crypto as Currency
HMRC is publishing a new policy paper for individual and business crypto taxes Go to Source Powered by WPeMatico
BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected
BitMEX’s recent email leak could have more far-reaching consequences than previously imagined Go to Source Powered by WPeMatico