The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”
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Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers.
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The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for […]
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The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such as wallet addresses, […]
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Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button. And if there are […]
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The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common mistake that people make is thinking they […]
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A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS.
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Cryptocurrency portfolio tracking solutions will only become more popular over time. Especially offerings providing accounting solutions have great merit. Rotki is one of the applications well worth keeping an eye on. Rotki Prioritizes DeFi Tax Reporting Solutions More specifically, this is an open source tracking solution for cryptocurrency portfolios. It also grants access to accounting, analytics, and tax reporting features for users all over the world. So far, this solution has proven to be incredibly valuable, but there is still room for improvement. The team wants to keep the project funding, which is always a challenge. Given the steep amount
The post Rotki Wants to Integrate DeFi Support Into its Tax Reporting Tool appeared first on The Merkle Hash.
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With the international regulatory drive to tackle tax evasion by cryptocurrency users, combined with a lack of clear guidance from authorities in many places, everyday people are concerned about handling reporting themselves. And where there is a need, companies always pop up to tap the demand with various solutions. The latest example of this comes […]
The post Coinsmart Launches Cryptocurrency Exchange for Canadian Tax Payers appeared first on Bitcoin News.
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Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral Launches Its New Crypto Wallet […]
The post Israel Tax Authority Convinces Local Exchange to Report Big Traders appeared first on Bitcoin News.
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