Auto Added by WPeMatico
Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax. Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS Notice “Received notice from […]
The post Coinbase Compelled by IRS to Provide 13,000 Customers’ Information appeared first on Bitcoin News.
Powered by WPeMatico
Coinbase tells approx. 13K customers it will soon turn over some of their personal account data to the IRS #NEWS
Powered by WPeMatico
After the newly written U.S. tax laws recently passed, cryptocurrency investors realized the tax-free exemption filing 1031 for IRS reporting is no longer applicable to their digital asset investments. The law also implies that a lot of people will have to pay taxes on every single transaction they processed throughout the past twelve months. However, […]
The post Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes appeared first on Bitcoin News.
Powered by WPeMatico
You can give cryptocurrency as a gift, and it doesn’t trigger income taxes.
Powered by WPeMatico
Despite rise in crypto adoption, almost no Americans have reported crypto gains or losses this tax season to date, says Credit Karma. #NEWS
Powered by WPeMatico
The IRS is not accepting Bitcoin, Ripple or Ethereum for taxes yet. #EXPERT_TAKE
Powered by WPeMatico
The IRS has formed an investigative team searching for tax evaders of crypto profits #NEWS
Powered by WPeMatico
As the adage goes, there are two certainties in life: death and taxes. For any U.S. bitcoiners considering wriggling out of the latter, that task just got a little harder. The country’s Internal Revenue Service has revealed that it’s bolstering its armory to make it easier to track down crypto tax evaders. It’s now assembled […]
The post The IRS Takes Its Tax Evasion Hunt to the Blockchain appeared first on Bitcoin News.
Powered by WPeMatico
If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it. Also Read: Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m IRS Tax Form San Francisco-based cryptocurrency exchange […]
The post Coinbase Sends American Clients IRS Tax Form 1099-K appeared first on Bitcoin News.
Powered by WPeMatico
A publicly traded Canadian crypto miner has just made a $8 million bet that all bitcoin users around the world will eventually be compelled to report their transactions to the taxman, and that they will help handling this oftentimes complex process. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write […]
The post Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m appeared first on Bitcoin News.
Powered by WPeMatico