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The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still … Read more
Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know Go to Source Powered by WPeMatico
Canadian crypto exchange allows locals to save on taxes via BTC payments Go to Source Powered by WPeMatico
A Supreme Court judge in Canada has upheld the seizure of assets in a crypto fraud case Go to Source Powered by WPeMatico
Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through inflation. Now there’s a wide array of digital currencies competing in … Read more
In the second expert take of the series, Selva Ozelli evaluates tax, digital technology and solar policies (including power from satellites) in Japan Go to Source Powered by WPeMatico
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior … Read more
The IRS doesn’t take kindly to people purposefully evading taxes. This is especially true when those users are also cryptocurrency holders or traders. Despite sending out thousands of letters in recent weeks, the agency is already stepping up its game. A new version is making the rounds which is a lot more straightforward and firm. It … Read more
IRS is sending letters to taxpayers with crypto transactions. Should you be worried even if you don’t receive one? Go to Source Powered by WPeMatico
Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite maddeningly vague or unfair legislation, filing … Read more
