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While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting the constitutionality of the question, urging all … Read more
Crypto traders may enjoy some respite from the market crash as tax payments have been deferred in the U.S. Go to Source Powered by WPeMatico
An Australia Tax Office spokesperson told Cointelegraph the agency is offering taxpayers “the opportunity to fix any mistakes” they may have made in their reporting Go to Source Powered by WPeMatico
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
Australian tax officials are reportedly making a concerted effort to remind thousands of crypto holders of their tax obligations Go to Source Powered by WPeMatico
The Beijing Municipal Office of the State Administration of Taxation is launching a city pilot for a blockchain-based invoicing system, with immediate activation in selected industries Go to Source Powered by WPeMatico
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the human need … Read more
Check the bad crypto news of the past week. Go to Source Powered by WPeMatico
One of the witnesses at a recent government blockchain hearing said dealing with the current crypto tax scene is a mess Go to Source Powered by WPeMatico
Beijing wants to be more transparent with its blockchain invoice implementation Go to Source Powered by WPeMatico
