Taxes

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Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year

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Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims to “promote and simplify the use of cryptocurrencies in everyday life.” Pay Taxes With Bitcoin … Read more

IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners

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The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com. IRS Sending New Warning Letters The IRS has started sending out a new round … Read more

IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form

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The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies. IRS Focuses on … Read more

305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro

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Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed Venezuela’s National Tax Harmonization Agreement on Sunday, placing the cryptocurrency petro as the unit … Read more