2021-11-26 18:52 |
Internal Revenue Service (IRS) is going to seize ten-digit sums in digital assets in the coming year
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David W. Klasing, a boutique Californian tax firm, had its Tax Law Office issue out a public release. This release warned investors that the US Internal Revenue Service, or IRS, is going to start a severe bout with users of Coinbase.
2020-11-13 18:53 | |
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The US representatives involved in the letter include Tom Emmer, Bill Foster, David Schweikert, Darren Soto, Lance Gooden, French Hill, Matt Gaetz, and Warren Davidson. These individuals pushed the IRS to clarify if any changes made would be applied retroactively or from the current date going forward.
2019-12-21 19:42 | |
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A trusted source has confirmed that the Internal Revenue Service is going to conduct audits on cryptocurrency activities. The source said that the tax collection agency is planning to unleash a batch of audit notices.
2019-10-26 19:51 | |
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The taxman presented a case for going after income from hard forks, creating confusion on social media as dozens of forked coins may turn out to be taxable.
2019-10-10 10:20 | |
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Have you had a great year with cryptocurrencies? Made the right trades at the right time and seen some hefty gains? Unfortunately, come tax season and the IRS is going to want a big chunk of your gains – they are already sending out warning letters! Given that crypto trading hasn’t been around for too […] The post 7 Hacks to Minimise Your Crypto Tax Liability appeared first on NullTX.
2019-9-17 13:05 | |
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Crypto investors receiving new letters from the IRS Anytime a mismatch is detected between the trading profit & losses reported by the taxpayer & info received from third party, letters are sent Internal Revenue Service (IRX) is not going to rest until it has wrung every single dollar that a crypto owner needs to pay […]
2019-8-16 20:22 | |
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Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports.
2019-7-29 10:55 | |
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The IRS plans to interview family and friends, search through social media posts, and issue subpoenas to ensure people pay taxes on their Bitcoin, according to a presentation given to the IRS Criminal Investigation division.
2019-7-9 06:08 | |
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By CCN: Cryptocurrency maverick and U. S. 2020 presidential candidate John McAfee announced Thursday that he was going offline fearing for his life and freedom, prompting speculation and wild conspiracy theories on social media.
2019-5-18 17:41 | |
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Did crypto mogul John McAfee fall overboard the Freedom Boat? Or was he seized by the IRS? The rumors started mounting after a tweet from his account stated “developing events have made it necessary for John McAfee to go dark.
2019-5-17 16:00 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet.
2018-12-29 02:01 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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