Tag: IRS

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Altcoin News

Vague Cryptocurrency Tax Laws Cause Problems for Hedge Funds

Hedge funds engaged in the cryptocurrency market are having a difficult time evaluating their tax burden. With unclear IRS guidelines, many of these funds...
Bitcoin News

South Africa’s SARS to Apply Normal Income Tax Rules to Cryptocurrencies

The South African Reserve Service (SARS) has announced that it will be applying normal income tax rules to cryptocurrencies. In an announcement released by the...
Bitcoin News

IRS can Expect up to $25bn in Bitcoin Capital Gains Taxes, Fundstrat Claims

American Bitcoin enthusiasts won't be pleased to hear tax season is on the horizon again. A lot of holders are struggling to file capital...
Blogs

New Zealand’s Inland Revenue Reminds Cryptocurrency Investors and Businesses of Their Tax Obligations

New Zealand's Inland Revenue department appears to be taking a firmer stance against cryptocurrency traders and companies who use them, reminding them of their...
Bitcoin News

New Bitcoin Investors Faced with Tax Bill Are Selling Coins, May Be Impacting Market Price

New bitcoin investors have been enjoying the profits they've made on their crypto assets. Yet, it seems they may have forgotten one small issue:...
Decentralized Marketplaces

Coinbase Launches New Crypto Tax Calculator

Digital currency exchange Coinbase has launched a new gains/losses tax tool in its attempt to make it easier for its user base to report...
Bitcoin News

Australian Government to Track Down Investors Liable to Pay Bitcoin Tax

The Australian government is reportedly going to track down investors who may be liable to pay for their bitcoin tax, according to a report. To...
Blogs

Deloitte Blockchain Tax Head: Misconception on Reporting Cryptocurrency Tax

The blockchain tax lead at Deloitte has said there is a misconception that investors only have to report their cryptocurrency tax when their coins...
Bitcoin News

IRS may Introduce Bitcoin Cash Tax Guidelines Soon

The topic of Bitcoin taxation has always been a topic of substantial debate. After all, many people feel they don't owe the IRS any...
Bitcoin News

Coinbase CEO Estimates Fighting IRS Summons In Court Costs Up To US$1m

Coinbase remains a prime target of investigation for the IRS regarding Bitcoin transaction being used to evade taxes and launder money. If the company...
Bitcoin News

Coinbase Customer’s Motion To Oppose IRS Investigation May Not Succeed

The debacle between Coinbase’s IRS Summons and its user base are from resolved. Even though one of the exchange's customers wants to intervene in...
Bitcoin News

IRS Receives Court Approval To Investigate Coinbase Users’ Bitcoin Behavior

Things are not looking all that great for Coinbase exchange users right now. About a week ago, the IRS mentioned they were inquiring about...
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