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: tax
Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High
Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S.…
Bitcoin Leads Price Sell-Off Across Crypto Markets as Biden Tax Plan Bites
Bitcoin falls as Biden’s plan to raise capital gains tax hurts risk appetite. Bitcoin slipped on Friday as reports of U.S. President Joe Biden mulling…
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 Lawmakers File Bill to Exempt Cryptocurrencies from Securities Laws
Two members of the U.S. House of Representatives are seeking to exempt cryptocurrencies and certain other digital assets from federal securities laws. The “Token Taxonomy…
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…
US: Seminole County Florida To Accept Crypto For Tax Payment
The Seminole County, Florida, tax collector Joel M. Greenberg announced May 14 that the county will begin accepting cryptocurrency for payment for various services this summer in order to…
France Is Cutting Taxes for Retail Crypto Traders
Amateur cryptocurrency investors in France are currently stung heavily when it comes to tax day, but that is about to change, reports indicate. The French…
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…
Two Days From U.S. Tax Filing Deadline, Large Majority of Crypto Holders Have Not Reported Their Investments
In just two days, the U.S. tax filing deadline, April 17th, will be here. Despite this, only a very small fraction of Americans have reported…