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
Taxes
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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
Crypto Tax Software CryptoTrader.Tax Integrates With TurboTax
Crypto tax software startup CryptoTrader.Tax has integrated with major U.S. tax filing software TurboTax Go to Source Powered by WPeMatico
Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File
According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company … Read more
Short-Term Crypto Losses Surged Fivefold in 1st Month of 2019: Credit Karma Tax
The amount of tax filers that reported short-term crypto losses in the first month of 2019 surged fivefold over the same period in 2018 Go to Source Powered by WPeMatico
How Crypto Is Taxed in the US: A Taxpayer’s Dilemma
Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their U.S. tax reporting obligations are for crypto Go to Source Powered by WPeMatico
Canada: Ontario Town Approves Pilot Program for Paying Property Taxes With Bitcoin
The Canadian town of Innisfil is piloting a service that would allow residents to pay property taxes in Bitcoin Go to Source Powered by WPeMatico
This Short Animation Might Make You Think Twice About Taxes
A Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage. After reading the commentary, Bitcoin.com CEO Roger Ver shared a four-minute video about the subject of taxes in order to spark questions in the minds of people who might not understand … Read more