Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
Danish tax agency is asking crypto users to provide a full background of all their cryptocurrency transactions Go to Source Powered by WPeMatico
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Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
Crypto accounting automation startup Lukka partnered with accounting advisor CPA.com to launch a crypto tax estimation tool Go to Source Powered by WPeMatico
IRS Now Requires Tax Filers to Disclose Crypto Activities
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances … Read more
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed Go to Source Powered by WPeMatico
Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto
The tax authority of Brazil fines taxpayers who fail to declare their Bitcoin and crypto transactions Go to Source Powered by WPeMatico
Kazakhstan Won’t Tax Cryptocurrency Mining: Report
Kazakhstan’s lawmakers won’t be taxing crypto mining until the mined crypto is exchanged for fiat money, a report says Go to Source Powered by WPeMatico
If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning
Bitcoin price drops – last chance to reduce tax due before the end of the year Go to Source Powered by WPeMatico
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons invoked Zietzke to file a petition to quash the tax agency’s investigation into his private accounts. Even though the presiding Judge John Coughenour believes the IRS … Read more
4 Possible Reasons Bitcoin Dropped to $6.5K, According to VanEck Exec
China and taxes may be behind $6,500 Bitcoin price drop Go to Source Powered by WPeMatico
Missouri Firm Launches New Software For Reporting Crypto Taxes
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting Go to Source Powered by WPeMatico
