Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains
An Israeli judge has ruled that bitcoin is an asset and not a currency Go to Source Powered by WPeMatico
Taxes
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IRS Plans to Issue Guidance on Virtual Currency Taxation
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your … Read more
US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies
The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation Go to Source Powered by WPeMatico
BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin
BitPay has partnered’ with tax-related financial products company Refundo to allow people to get a portion of their tax refund in bitcoins Go to Source Powered by WPeMatico
Bitpay and Refundo Now Provide Tax Return Payouts in BTC
On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto. Also read: How to Create a Bitcoin Cash Wallet With … Read more
Australian Tax Agency Goes After Cryptocurrency Traders in Exchange Data Push
Australia’s tax agency will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme Go to Source Powered by WPeMatico
Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain
International tobacco company Philip Morris is considering applying blockchain to reduce tax stamps paperwork and fraud Go to Source Powered by WPeMatico
5 Cryptocurrency Tax Questions to Ask on April 15th
5 cryptocurrency tax questions to ask on the U.S. tax payment deadline Go to Source Powered by WPeMatico
US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline
21 U.S. lawmakers sent a joint request to the IRS to provide clear guidance on the taxation of virtual currency Go to Source Powered by WPeMatico
Blockchain Adoption Is Not a Priority for Finance Executives, KPMG Poll Shows
A recent poll conducted by Big Four auditing firm KPMG shows that blockchain adoption is not a high priority for major tax and finance executives Go to Source Powered by WPeMatico
