Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement”
Powered by WPeMatico
Auto Added by WPeMatico
Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement”
Powered by WPeMatico
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep […]
The post Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business appeared first on Bitcoin News.
Powered by WPeMatico
Could Russian lead BRICS countries in finding innovative solutions to the functioning of the current global framework in transitioning to green economies
Powered by WPeMatico
As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor, to vehement denigrator of the “NSA-created surveillance money,” there is no […]
The post Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF? appeared first on Bitcoin News.
Powered by WPeMatico
Blockfolio users can now import their existing crypto portfolios into TokenTax’s automated software
Powered by WPeMatico
The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency
Powered by WPeMatico
Filing taxes related to cryptocurrencies in the US can be a very painstaking endeavor. It now appears that the IRS crypto tax audit letter being sent out to users is a lot more invasive than initially assumed. It is no secret that the IRS wants to target cryptocurrency holders. The IRS Goes All-in on Cryptocurrency Usage To do so, the agency will ask some very tough questions. Some of those questions will not go over well with the general public. As it turns out, the IRS wants to know a lot of things most people would never expect. The copy
The post The IRS Asks Very Deep Questions Regarding Your Cryptocurrency Activities appeared first on The Merkle Hash.
Powered by WPeMatico
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also integrate with leading tax filing software […]
The post Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators appeared first on Bitcoin News.
Powered by WPeMatico
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials continue to insist only government agencies have access […]
The post Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet appeared first on Bitcoin News.
Powered by WPeMatico
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million filers to reveal whether they acquired or […]
The post IRS Explains What Crypto Owners Must Know to File Taxes This Year appeared first on Bitcoin News.
Powered by WPeMatico