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 Go to Source Powered by WPeMatico
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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 Go to Source Powered by WPeMatico
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 … Read more
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 … Read more
The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why
The information that the IRS is receiving from cryptocurrency exchanges does not reflect your capital gains and losses whatsoever. This is problematic because these capital gains and losses are what you actually pay taxes on, not gross transaction amounts Go to Source Powered by WPeMatico
IRS Expands Penalties: Which Tax Mistakes Are Better Not to Commit
With crypto, the IRS is digging hard, investigating both tax evasion and just poor compliance. What the IRS considers “willful” vs. “non-willful” tax flubs have huge consequences Go to Source Powered by WPeMatico
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still … Read more
Internal Revenue Service Sends New Round of Letters to Crypto Holders
Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know Go to Source Powered by WPeMatico
Crypto Taxation Around the Globe — What Do Regulations Look Like?
Different countries use individual taxation schemes to govern their respective crypto industries. Let’s take a look at some of them… Go to Source Powered by WPeMatico
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior … Read more
