Russia Leads Multinational Stablecoin Initiative
Could Russian lead BRICS countries in finding innovative solutions to the functioning of the current global framework in transitioning to green economies Go to Source Powered by WPeMatico
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Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?
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 … Read more
Blockfolio and TokenTax Join Forces to Make Taxes Easier
Blockfolio users can now import their existing crypto portfolios into TokenTax’s automated software Go to Source Powered by WPeMatico
IRS Does Not Consider Fortnite Money as Virtual Currency After All
The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency Go to Source Powered by WPeMatico
The IRS Asks Very Deep Questions Regarding Your Cryptocurrency Activities
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 … Read more
Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
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 … Read more
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
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 … Read more
IRS Explains What Crypto Owners Must Know to File Taxes This Year
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 … Read more
City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
The Swiss municipality of Zermatt is now the second city in Switzerland where taxpayers are officially allowed to pay their dues in Bitcoin Go to Source Powered by WPeMatico
Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly
Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains … Read more
