2021-11-1 19:18 |
More crypto tax enforcement is coming, and many taxpayers are complying going forward, and amending prior returns if they have something to clean up.
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Spain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities. Any trader that has obtained revenue after selling cryptocurrencies must file taxes and pay a percentage of the operation.
2021-6-11 06:30 | |
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Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year.
2021-5-30 17:00 | |
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The taxation of cryptocurrencies is a contentious issue at the moment. Regulators worldwide have taken a serious interest, particularly because certain investors are generating enormous profits from the crypto market, some of which are not recorded on tax returns.
2021-5-29 23:00 | |
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Tax season is in full swing for millions of people. Even though the coronavirus pandemic has led some regulatory agencies like the U. S. Internal Revenue Service to extend the filing deadline for 2020 returns, many prefer to finish their taxes as quickly as possible to potentially get a return.
2021-4-6 14:41 | |
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Bitcoin expects to extend its prevailing bull run in the sessions ahead just as the US begins another vast spending program, including direct payments to its citizens who will receive up to $1,400 per person depending on their income and tax filing returns.
2021-3-15 16:34 | |
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Volodymyr Kvashuk, a former Microsoft engineer, has been sentenced to nine years in prison for defrauding the tech giant for over $10 million, using a bitcoin mixer to hide taxable income, and filing fraudulent crypto tax returns.
2020-11-11 00:13 | |
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Coinspeaker Antivirus Software Pioneer John McAfee Indicted for Tax Evasion in U. S. John McAfee is now facing accusations of failing to file U. S. tax returns for the period 2014 to 2018.
2020-10-6 14:28 | |
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Trump's tax returns show the unfairness of the tax system and the need for reform. Blockchain governance offers some ideas.
2020-10-3 19:23 | |
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The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."
2020-5-13 08:02 | |
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Ukraine’s revenue agency has published guidance that says cryptocurrency holdings should be treated as intangible property on tax returns.
2020-3-4 12:00 | |
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Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News. Bitcoin. com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns.
2020-2-23 09:15 | |
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Learn about working at Coinbase: https://www.coinbase.com/careers - Medium
2020-2-12 00:31 | |
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Kicking off this year’s tax filing season, the U. S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form.
2020-2-2 15:50 | |
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U.K. tax returns are due on January 31 and HMRC is scrutinizing bitcoin and cryptocurrency transactions. Are your crypto tax returns up-to-date? The post Cryptocurrency Taxes in the UK: What You Need to Know appeared first on Bitcoin Magazine.
2020-1-30 20:31 | |
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The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges.
2019-12-11 17:10 | |
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Tax law surrounding crypto assets is currently convoluted and confusing, even despite Congress demanding the IRS clarify the law, and the IRS taking steps to provide more clarity to crypto investors in the United States.
2019-11-14 22:00 | |
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The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.
2019-10-13 21:13 | |
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The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.
2019-10-13 21:13 | |
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QuadrigaCX, the Canadian crypto exchange that closed in January 2019, went through an arduous process and a bankruptcy procedure. Now, the taxman moves in for their cut, demanding tax returns dated between October 2015 and September 2018.
2019-9-17 20:00 | |
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Canada’s Revenue Agency is now looking into the corporate tax returns submitted by QuadrigaCX, the troubled cryptocurrency which collapsed earlier this year, taking approximately $134 million of users’ funds with it.
2019-9-17 14:35 | |
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The now-defunct Canadian crypto exchange QuadrigaCX is being audited by the Canada Revenue Agency
2019-9-17 02:55 | |
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With the recent price rise, many bitcoin traders have incurred capital gains that need to be reported on year-end tax returns. But how? The post Op Ed: Are You Paying Taxes on Your 2019 Bitcoin Gains? appeared first on Bitcoin Magazine.
2019-9-10 21:20 | |
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The Internal Revenue Service (IRS) has been sending out a fresh round of letters to a select group of taxpayers, informing them that their tax returns do not match the information provided by exchanges.
2019-8-16 15:00 | |
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After its initial letter campaign targeting crypto holders who may not have reported their gains or losses on their tax returns, the Internal Revenue Service's second round of letters targets those who may have misreported their crypto holdings on tax documents.
2019-8-15 00:21 | |
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Last week, the US Internal Revenue Service sent letters to crypto holders regarding the proper way to report gains and losses on tax returns. Now, fraudulent letters are being sent to crypto holders claiming they owe unpaid taxes to the “Bureau of Tax Enforcement."
2019-8-7 19:26 | |
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HM Revenue & Customs, the UK tax authority, has asked for names and transaction histories of users from three crypto exchanges operating in the UK to find users who haven't properly claimed their crypto holdings on tax returns.
2019-8-7 19:13 | |
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U. S. tax authority, the Internal Revenue Service (IRS) has already begun sending letters to thousands of bitcoin and crypto holders who have failed to report cryptocurrency transactions. The IRS letters include instructions to pay taxes, interest, and penalties.
2019-7-27 09:11 | |
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By CCN: Following a New York Times report that President Trump lost over $1 billion between 1985 and 1994, hypocritical Democrats like Alexandria Ocasio-Cortez are pointing their fingers at Trump and labeling him a #billiondollarloser.
2019-5-10 00:17 | |
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BitPay, the Atlanta-based payment service provider, created a buzz in the crypto-community after publicly announcing a partnership with Refundo, a financial services firm. The main objective of this collaboration is to enable U.
2019-5-2 16:00 | |
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By CCN: President Trump is taking a stand against Deutsche Bank and Capital One for participating in a frivolous plan once again being enacted by House Democrats. This time, liberals are looking to gain access to the president’s financial records, including data regarding his personal finances, his businesses, and his long-sought tax returns.
2019-5-2 03:24 | |
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Australia is clamping down on the taxation of cryptocurrencies. The country’s tax office is collecting bulk records from Australian cryptocurrency service providers as part of a data matching scheme to make sure traders are paying the correct amount of tax.
2019-4-30 13:34 | |
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The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes on PoS tokens.
2019-4-27 19:00 | |
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By CCN. com: Big Four accounting firm Ernst & Young (EY) wants to make filing your crypto tax returns easier. To this end, the auditing giant launched the second generation of its EY Blockchain Analyzer, a blockchain analytics tool.
2019-4-17 14:58 | |
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If you’re still asking “when are taxes due?” this morning, today may be a tough one for you. Sorry Bitcoin HODLers and traders, your tax returns deadline is today, April 15. Bitcoin: When Are Taxes Due and Where to Start? Like many things surrounding Bitcoin, Bitcoin taxes are still somewhat shrouded in mystery.
2019-4-15 16:00 | |
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Mario Costanz, CEO of CryptoTaxPrep.com, talks about the importance of crypto traders reporting capital gains and losses on their tax returns – and the consequences of not reporting.
2019-4-11 18:22 | |
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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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A crypto tax consultant says on Twitter that traders under a certain income level do not have to pay taxes on crypto operations for 2018
2019-3-27 16:17 | |
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With the uncertain regulatory environment, one doesn't expect Deloitte and crypto to be in the same sentence, just yet. However, according to Deloitte tax partner, Jim Calvin things have been changing recently.
2019-3-11 13:01 | |
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CCN spoke to Deloitte tax partner Jim Calvin about the problems and strategies associated with cryptocurrency for his clients, particularly when it comes time for them to submit their annual tax returns.
2019-3-10 04:15 | |
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Unless you’re tax-evading bitcoin bull John McAfee, this is the time of year when Americans begrudgingly prepare to file their tax returns. To streamline this process, Big Four accounting firm Ernst & Young introduced a cryptocurrency tax tool.
2019-3-6 01:05 | |
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The basics to keep in mind when filing your tax returns involving cryptocurrencies this year. From the CMC Editorial Desk: It’s… taaaax season. Before you panic, what do you need to know as you’re filing returns on your crypto? Find […] The post Crypto Tax Season: What you need to know appeared first on CoinMarketCap.
2019-2-21 16:00 | |
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A survey of 1000 people by Credit Karma, a U. S. based multinational personal finance company reveals that bitcoin investors are reluctant to report the losses they have incurred from trading cryptocurrencies because some are uncertain if there will be tax deductions, reports CNBC on January 30, 2019.
2019-2-1 05:21 | |
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In the United States, the Internal Revenue Service (IRS) will be knocking cryptocurrency users’ doors explaining that it is mandatory to inform crypto trades and pay the related taxes on them. Investors, holders, and other individuals must be compliant with this issue.
2019-1-30 20:59 | |
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The US tax season has begun, and this might finally be the year to declare your bitcoin and crypto-assets. Sure, bitcoin taxes can be complicated, but research suggests that 61% of holders don’t realize they can write off last years losses as a tax deduction.
2019-1-30 09:00 | |
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2018 was a difficult year for cryptocurrencies. With the total market capitalization of all cryptos falling from over $800 billion to just over $100 billion in the space of a year, many enthusiasts and traders are now filing losses on their 2018 tax returns.
2019-1-25 20:59 | |
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Individuals in Chile will have to pay taxes on cryptocurrency earnings this year. The Internal Revenue Service (SII) of the country informed that cryptoassets will also have to be filled on the Annual Income Tax Returns.
2019-1-20 01:43 | |
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Chile is to start taxing cryptocurrencies in April, when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that […] The post Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019 appeared first on Bitcoin News.
2019-1-20 00:58 | |
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The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities.
2019-1-17 22:53 | |
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In the United States, Bitcoin investors who sold their BTC lost $1.7 billion, but overall don’t intend to deduct it on their tax returns, a survey finds
2019-1-17 19:11 | |
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