Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded. Go to Source Powered by WPeMatico
Taxation
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One Month Left to Crypto Tax Season — 5 Critical Mistakes to Avoid
All you need to know to prepare for Crypto Tax Season 2020 and correctly inform the IRS about your crypto. Go to Source Powered by WPeMatico
Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time
The Internal Revenue Service has already changed its deadlines to July 15, so if you are not ready to file your crypto taxes in a month, you should ask for an extension. Go to Source Powered by WPeMatico
Two Thirds of Users Support Taxation of Crypto Assets
The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation. Go to Source Powered by WPeMatico
Non-Stimulus Tax Rules You’ll Need This Year
The IRS has already started crucial initiatives to fight against the COVID-19 crisis, but will they benefit taxpayers? Go to Source Powered by WPeMatico
IRS Delays Tax Day to July 15, Still Monitors Crypto
The IRS has changed the tax payment deadline. What does this mean and what else has been changed? Go to Source Powered by WPeMatico
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are … Read more
South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders Go to Source Powered by WPeMatico
IRS Crypto Tax Return Question — Be Careful How You Answer
If you received, sold, sent or exchanged any virtual currencies last year, the IRS has to know Go to Source Powered by WPeMatico
IRS Invites Cryptocurrency Advocates to March Summit
Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement” Go to Source Powered by WPeMatico
