Leaked Tax Filing: CEO of Under Fire Brazilian Firm Owns 25,000 Bitcoin
Exclusive: CEO of Brazilian crypto firm refusing to pay out customer funds declared owning 25K BTC Go to Source Powered by WPeMatico
Taxes
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IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on … Read more
H&R Block Offers Solutions for Taxpayers With Crypto Transactions
U.S.-based accounting firm H&R Block rolls out a new service for crypto currency transactions Go to Source Powered by WPeMatico
Are Tax Moves to Puerto Rico Worth It for Crypto Holders?
Some in the crypto community have embraced moving to Puerto Rico for tax reasons. Our tax expert explains whether or not it is worth it Go to Source Powered by WPeMatico
10 Tax Tools to Help Crypto Owners
While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major crypto exchanges. Also … Read more
Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns
The now-defunct Canadian crypto exchange QuadrigaCX is being audited by the Canada Revenue Agency Go to Source Powered by WPeMatico
The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why
The information that the IRS is receiving from cryptocurrency exchanges does not reflect your capital gains and losses whatsoever. This is problematic because these capital gains and losses are what you actually pay taxes on, not gross transaction amounts Go to Source Powered by WPeMatico
France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales
French economy minister Bruno Le Maire says that local authorities won’t tax crypto-only trades, but will tax when cryptos are sold for fiat Go to Source Powered by WPeMatico
US Politician Uses Crypto to Buy Cannabis for Tax Remittance Demo
First steps towards cannabis tax remittances via stablecoin in California as local politician buys cannabis using cryptocurrency Go to Source Powered by WPeMatico
Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings
Iran’s National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports Go to Source Powered by WPeMatico