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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
New Zealand’s tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed Go to Source Powered by WPeMatico
In this week’s Hodler’s Digest, Litecoin’s halving fails to boost prices — and the scale of North Korea’s crypto hacks emerges Go to Source Powered by WPeMatico
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes … Read more
A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations Go to Source Powered by WPeMatico
UK tax service has reportedly requested that crypto exchanges provide it with user info to track down tax evasion Go to Source Powered by WPeMatico
Cryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier. More … Read more