U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the…
Tag: IRS
DOJ, IRS Investigating Crypto Exchange Binance: Report
The world’s largest crypto exchange by volume is the subject of a U.S. money-laundering investigation, Bloomberg reported Thursday. Binance Holdings Ltd. is facing a federal…
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
The U.S. taxman’s most recent crypto guidance is sowing confusion, according to a letter from eight congressmen published Friday. According to a letter penned by Representatives…
The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form
The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following…
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
As U.S. cryptocurrency users eagerly await tax guidance from the Internal Revenue Service (IRS), they can find hints of what may come in the agency’s…
US: Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape
Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reportedSeptember 24. The roundtable dubbed “Legislating Certainty for…
US Congressman Drafts Bills to Aid Blockchain Development
U.S. Representative Tom Emmer wants to support the development and use of blockchain technology and cryptocurrencies. To that end, the lawmaker announced a trio of blockchain-focused bills…
US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance
A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments…
SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies
On May 22, 2018 the US Commodity Futures Trading Commission (CFTC) issued an advisory statement for listing virtual currency derivative products. The statement is aimed at providing…
Biggest Crypto Tax Debate Is Not What You Think: Expert Take
You might think the biggest tax debate about Bitcoin and other cryptocurrencies is about whether you should or shouldn’t report it. Or perhaps about whether…