Powered by WPeMatico
Category: Tax agency
Auto Added by WPeMatico
IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns
Powered by WPeMatico
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to […]
The post IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract appeared first on Bitcoin News.
Powered by WPeMatico
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to […]
The post South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb appeared first on Bitcoin News.
Powered by WPeMatico
10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]
The post 10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS appeared first on Bitcoin News.
Powered by WPeMatico
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO […]
The post Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy appeared first on Bitcoin News.
Powered by WPeMatico
Denmark’s Tax Agency to Collect Information About Bitcoin Traders
Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries. Also […]
The post Denmark’s Tax Agency to Collect Information About Bitcoin Traders appeared first on Bitcoin News.
Powered by WPeMatico