At Tax Time, Who Really Owns That Crypto Anyway? – Expert Take
If you are holding the cryptocurrency for the benefit of someone else, who has to pay the taxes? #EXPERT_TAKE Go to Source Powered by WPeMatico
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Crypto Tax Breaks Proposed by Officials in Russia
Tax exemptions on profits from crypto-related transactions have been proposed during a meeting at the Ministry of Economic Development of Russia. Participants also called for a 10 fold increase of the limit for individual investments in ICOs. Russians should be allowed to open accounts with foreign exchanges, officials insisted. Also read: Russian Lawmaker Proposes … Read more
Coinbase Reveals ‘Overhauled’ Changes and Tax Tools
This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Segwit and … Read more
Germany Won’t Tax Cryptocurrencies Used To Make Purchases
Germany: Bitcoin and other cryptocurrencies won’t be taxed when used to make purchases. #NEWS Go to Source Powered by WPeMatico
Bitcoin and Solar Energy Fuel Investment in Japan: Expert Take
Japan has a strong appetite for cryptocurrency, largest hacks of exchanges. #EXPERT_TAKE Go to Source Powered by WPeMatico
Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments
Residents from the state of Georgia may soon be able to pay their taxes in bitcoin as two senators have introduced a bill that allows digital currency payments for tax obligations and licensure fees. Also Read: Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles The State of Georgia May Allow Residents to Pay Taxes in Bitcoin … Read more
Coinbase Compelled by IRS to Provide 13,000 Customers’ Information
Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax. Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS Notice “Received notice from … Read more
Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS
Coinbase tells approx. 13K customers it will soon turn over some of their personal account data to the IRS #NEWS Go to Source Powered by WPeMatico
US: Georgia Next State In Line To Accept Crypto For Taxes, Licenses
US state of Georgia proposes bill to allow tax payments in crypto, following on the heels of Arizona #NEWS Go to Source Powered by WPeMatico
Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes
After the newly written U.S. tax laws recently passed, cryptocurrency investors realized the tax-free exemption filing 1031 for IRS reporting is no longer applicable to their digital asset investments. The law also implies that a lot of people will have to pay taxes on every single transaction they processed throughout the past twelve months. However, … Read more