2023-4-1 22:57 |
Tax experts weigh in on how the IRS will decide if NFTs are collectibles.
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The IRS is taking steps to tax NFTs like other collectibles, proposing a new framework for public review and comment. The Internal Revenue Service (IRS) is taking steps to ensure that NFTs are taxed similarly to other collectible items. This…
2023-3-22 21:14 | |
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The Internal Revenue Service (IRS) is seeking to take feedback on the taxation of Non-Fungible Tokens (NFTs). The post IRS Considering Taxing NFTs as Collectibles appeared first on BeInCrypto.
2023-3-22 20:45 | |
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Those wishing to offer feedback to the IRS on having NFTs treated as collectibles, such as coins or works of art, have until June 19 to submit comments.
2023-3-22 20:00 | |
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Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
2023-3-22 17:56 | |
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The biggest news in the cryptoverse for October 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush, Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes.
2022-10-20 01:40 | |
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The United States Internal Revenue Service (IRS) has released an updated draft of the 2022 tax form which has provided clarity regarding the guidelines for taxes pertaining to the crypto industry, moThe post IRS announces key changes for NFTs in latest tax guidelines appeared first on AMBCrypto.
2022-10-20 18:00 | |
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The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.
2022-10-19 15:45 | |
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Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
2022-10-19 02:37 | |
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Earlier this year, the US made the process of NFT trading easier by making sense of the tax and investment ramifications of NFTs and Crypto assets. Knock Knock; it’s the IRS NFTs and crypto assets are fun and games until the tax person comes knocking for their cut.
2022-3-24 04:04 | |
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Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.
2022-3-4 00:00 | |
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A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings.
2022-2-25 17:20 | |
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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap.
2022-1-28 23:00 | |
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As it grows, the crypto industry and its sectors attract more attention from regulators and political actors. In the United States, this industry seems poised for more hostility from the current administration as it is increasingly compared with illegal activities.
2022-1-27 21:00 | |
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According to a recent report by Bloomberg, the Internal Revenue Service now hopes to net Billions of Dollars in taxes from evading NFT traders. Shilled as the hottest sector now in the crypto ecosystem, the Non-Fungible Tokens (NFTs) market share has been spiraling at an unprecedented rate raking in Billions of dollars, most of which […]
2022-1-17 20:43 | |
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NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]
2021-4-15 18:21 | |
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The following is a guest post from Bakhrom Saydulloev, Product Lead at Mercuryo. Statistics works in a funny way. When experts feel the need to prove the growing acceptance and awareness of Web3, they over-simplify the concept to say, for instance: “more than 90% of people have heard of crypto, hooray!” And yes, that is, […] The post The dilemma of global web3 integration: Will the complexity of web3 win over web2? appeared first on CryptoSlate.
Introducing Magic Launchpad, the IDO platform from Magic Square. Transforming fundraising for early-stage projects with community-driven solutions. The post Magic Square Introduces Magic Launchpad to Boost Web3 Fundraising and Community Growth appeared first on NFT News Today.
Japan's proactive legislative adjustments and Hong Kong's embrace of digital asset management have laid the foundation for a regulated web3 ecosystem in Asian nations.
Oasys, a blockchain platform focused on gaming, has announced an expanded integration with SBINFT Market, a prominent NFT marketplace operated by SBI Group’s subsidiary, SBINFT Corporation. This collaboration marks a key development for both companies as they strive to strengthen their presence in the Japanese market.
Greg Siourounis is the managing director of the Sui Foundation, advancing and supporting Sui, the layer 1 blockchain designed to make Web3 fast, private, secure, and accessible to everyone.
Notcoin, a gaming token that has more than 35 million users, has began trading at a $TKTK fully diluted value (FDV), according to TradingView.
What is Web 3, and how does it differ from previous Internet versions? Let’s find out. Web 3, the next iteration of the internet, represents a crucial change in how we interact with online content and services. Unlike its predecessor,…