Tag: taxes

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News

Tezos Stakers File Lawsuit Against IRS Over Taxes

The Jarretts argue that staking rewards should be taxed as property, not income. The IRS's current approach may result in over taxation and...
Industry and Adoption

Japan’s FSA Set to Reclassify Crypto in Rule Review

Japan's FSA may reclassify cryptocurrency as financial instruments. Current crypto taxes could be reduced from 55% to 20% if shifts are made. According to...
Bitcoin News

Rick Nott Provides His Thoughts on Crypto

Rick Nott – a CFA, CFP, and senior wealth advisor at Lourd Murray – recently had a few things to say about the world...
Bitcoin News

Mendoza, Argentina Will Permit Crypto Tax Payments

Mendoza – a province in the western region of Argentina and the fifth most populous area in the country – says it’s allowing residents...
Bitcoin News

Bitcoin Falls Following Crypto-Related Tax Sales

Bitcoin has hit another low point. The currency is trading for under $39,000, hitting what is arguably its lowest point this month. Bitcoin Is at...
Bitcoin News

Deducting Crypto Losses to Get a Tax Refund May Be Challenging, Accountant Says

The prolonged bear market of 2018 saw Bitcoin's price decline with about 75 percent through the year. Chances are that a lot of people...
Blogs

John McAfee on IRS Charges, Will Run Presidential Campaign ‘In Exile’

Serial cryptocurrency entrepreneur and proponent John McAfee shared a video says that the IRS has convened a Grand Jury in the state of Tennessee...
Bitcoin News

Ohio to Allow Businesses to Pay Taxes with Bitcoin

The state of Ohio has reportedly become the first to allow taxes to be paid in Bitcoin. The move comes despite the digital currency's falling...
Altcoin News

From $880k in Riches to $400k in Taxes: A Student’s Crypto Wild Ride

A student from the state of California might have found himself in an unpleasant, to say the least, situation, owing upwards of $400,000 in...
Altcoin News

2018 Cryptocurrency Market Decline May Have Severe Tax Implications for US Taxpayers

The 2018 cryptocurrency price declines may push US-based investors into problems with the internal revenue service (IRS). Considering reports that indicate a low volume...
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...
Bitcoin News

Georgia State Officials Propose Using Bitcoin to pay Taxes

Various states in the US are taking a closer look at Bitcoin. Not just in terms of regulation, but also as a potential payment...
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