BloFin Exchange Joins CoinTracking to Streamline Crypto Tax Reporting

The latest partnership between BloFin Exchange and CoinTracking aims to provide crypto consumers with convenience in terms of tax reporting.

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Cryptio Raises $10M to Make Crypto Accounting Easier

The back-office solution helps collect fragmented on-chain data for accounting and tax reporting purposes.

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Coinledger.io (formerly Cryptotrader.Tax) Review – Is This Bitcoin Tax Calculator Legit and Safe?

While crypto enthusiasts wait for more favorable regulatory winds to blow, reporting your cryptocurrency taxes is a real hassle. Well, it is a hassle if you try doing it manually or with some outdated calculator.

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Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman.

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Taxpayers get a surprise as the IRS pushes for reporting on crypto assets

The 2022 tax season is coming to an end without many challenges.

The post Taxpayers get a surprise as the IRS pushes for reporting on crypto assets appeared first on CryptoSlate.

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Crypto wallet firm Ledger integrates tax solution to simplify reporting

The new tax integration aims to relieve crypto investors from having to manually calculate their tax bills.

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A Bitcoin Tax Reporting Nightmare Is Coming In 2023

As bitcoin investors prepare for tax season, they may not be surprised to learn that misguided regulation will make tax reporting even harder in the future.

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Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems

Repurposing tax reporting designed for equity trading ignores the innovation brought about by wallet-to-wallet transactions.

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How Web 3 Could Change Tax Collection

A third-party information reporting system is incompatible in Web 3 because its transactions don’t have a third-party. What comes next?

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Sovos and Unbound Tech partner to offer tax compliance platform for crypto transactions

Sovos, a tax software company and Unbound Tech, a provider in cryptographic key management and protection, today announced a partnership to enable institutions trading or holding digital assets and cryptocurrency an advanced platform to secure their digital asset transactions that also ensures compliant tax reporting of cryptocurrency trades.

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Accounting Giant Ernst & Young Launches New Application for Calculating Cryptocurrency Taxes

Ernst & Young expands its portfolio of digital business with a tax reporting app for cryptocurrencies

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TaxBit Simplifies Cryptocurrency Taxes with Innovative Reporting and Audit Tools

Leading cryptocurrency tax software firm TaxBit simplifies the process of filing taxes to just a few clicks for cryptocurrency traders. TaxBit offers cryptocurrency holders and investors a slew of robust services including the easy calculation of profits, losses, tax liabilities, and generation of IRS-compliant tax forms, to make crypto trading a pleasant experience for traders.

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CoinTracker Passes 100K Users, Announces Six New Partners

Every crypto trader faces a nightmare trying to comply with tax reporting obligations. CryptoTracker says its six new partners can help

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Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.

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Cryptotrader.Tax Review – Is This Bitcoin Tax Calculator Legit and Safe?

While crypto enthusiasts wait for more favorable regulatory winds to blow, reporting your cryptocurrency taxes is a real hassle. Well, it is a hassle if you try doing it manually or with some outdated calculator.

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2019 IRS Crypto Tax Guidance is Subject to Change, GAO Warns

The IRS’ guidelines on crypto tax reporting remain unclear, and may not be binding, per the analysis of the Government Accountability Office (GAO). Crypto Tax Reporting Guidelines Change Without Warning Reporting on ownership and gains from crypto assets remains unclear, as the IRS has not codified all of its opinions into Internal Revenue Bulletins.

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.

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IRS Mute on Calls to Clarify Foreign Crypto Tax Reporting Rules

The U. S. Internal Revenue Service (IRS) is yet to clarify which Foreign Account Tax Compliance Act (FATCA) rules apply to crypto tax filings. Meanwhile, a U. S. Congress watchdog is saying aspects of the updated crypto taxation guidelines published by the IRS in 2019 are not enforceable.

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IRS Removes Crypto Tax Reporting for Fortnite and Other Game Tokens

The U. S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes the online gaming sensation, Fortnite.

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Beware of the IRS, H&S Warns its Crypto Customers

U. S. tax preparation company H&R Block is advising its customers not to consider evading the Inland Revenue Service (IRS) by not reporting their cryptocurrency transactions  Don’t Worry About Accuracy, Just Report Crypto Taxes According to Yahoo Finance, H&R Block has told its crypto-owning customers to heed the IRS’ call for crypto tax compliance.

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Crypto Tax Reporting Failures Can Be Expensive, Even Criminal

Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you

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Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting

TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital

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How To Minimize Your Bitcoin Tax Liability Before The New Year

Calculating cryptocurrency taxes and pulling together all the necessary information for tax reporting is never the most exciting thing for bitcoin investors. The whole process can be painful – especially if you have been trading across multiple exchanges.

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Danish Tax Authority Cracks Down on ‘Crypto Tax Avoiders’

Given the complex nature of reporting gains, Danish crypto traders are most worried about overpaying on their taxes. The post Danish Tax Authority Cracks Down on ‘Crypto Tax Avoiders’ appeared first on CCN.com

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Brazil Tax Authorities Impose New Regulation to Fine Crypto Traders Who Do Not Report Their Transactions

Back in August this year, the Department of Federal Revenue rolled out various provisions and stipulations that require all Brazilian citizens to report transactions that involve cryptocurrency. A recent report tabled on December 6th from one of Brazil’s most popular news outlets stated that the new codes for reporting cryptocurrency was introduced to back up […]

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Hackers breached Bulgaria’s tax agency and leaked the data of 5M people

Bulgaria has suffered what has been described as the biggest data leak in its history. The stolen data, which hackers emailed to local media on July 15, originates from the country’s tax reporting service – the National Revenue Agency (NRA).

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IRS Claims to Prioritize Tax Rules for Crypto Investors but Lacks Urgency

By CCN: Cryptocurrency investors may soon have more clarity on how the IRS will tax their holdings now that the agency has said it is making that a priority. The latest IRS acknowledgment of crypto taxation issues is in response to members of Congress.

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NODE40 rolls out a number of upgrades to its crypto tax reporting software

CryptoNinjas Despite the 2018 tax season coming to an end, NODE40, the blockchain firm behind the Balance cryptocurrency reporting software, has today launched a number of accountant-focused upgrades that CPAs requested following a fairly arduous 2018 crypto tax filing season.

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Crypto taxes due Monday - what you need to know

With April 15th looming large on the financial calendar of most Americans, the 2018 tax year will present some challenging scenarios for many. How to account for loses? Do offshore exchange wallets require ‘FBAR’ reporting? Can I trust the advice I’m receiving? We ask legal and accounting experts for their take on some important crypto tax questions.

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Yes, You Must Report Crypto Gains And Losses To The IRS

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.

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US Congress is Making It Illegal for the IRS to Offer Free Tax Filing Service

The US Congress will soon officially ban the IRS from offering its own tax filing service, according to reporting by ProPublica, a non-profit news agency. Probably. Advocates of a free, government-sponsored tax filing service have long argued that the current system doesn’t do justice to the millions of taxpayers making under $66,000 per year who actually shouldn’t be paying anything to file their taxes.

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