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The IRS Backs Down on Crypto Staking Case
It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was...
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It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was...
Nick Marinoff · February 9, 2022 · 3:00 pm+
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 of virtual currency tax reportage among...
Nick Omo · September 27, 2018 · 7:30 pm+
The Congressional Blockchain Caucus seems to be serious about pushing for speedy regulations as evidenced by its newest co-chair’s draft bills. Perhaps one of the most important ways to encourage...
Nikita Blows · September 23, 2018 · 2:00 pm+
Defining regulations regarding cryptocurrencies is a difficult task. In the United States, the IRS is responsible for issuing proper guidelines. In a recent letter, five members of the U.S. House...
JP Buntinx · September 21, 2018 · 8:30 pm+
Hedge funds engaged in the cryptocurrency market are having a difficult time evaluating their tax burden. With unclear IRS guidelines, many of these funds run the risk of incurring steep...
Nick Omo · August 14, 2018 · 9:00 am+
The South African Reserve Service (SARS) has announced that it will be applying normal income tax rules to cryptocurrencies. In an announcement released by the agency, SARS declared that the...
Rebecca Campbell · April 10, 2018 · 12:46 pm+
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 gains taxes, as has been the...
JP Buntinx · April 7, 2018 · 9:00 pm+
New Zealand’s Inland Revenue department appears to be taking a firmer stance against cryptocurrency traders and companies who use them, reminding them of their tax obligations. Tony Morris, IRD customer...
Rebecca Campbell · April 4, 2018 · 12:30 pm+
New bitcoin investors have been enjoying the profits they’ve made on their crypto assets. Yet, it seems they may have forgotten one small issue: paying their tax. According to a...
Rebecca Campbell · March 16, 2018 · 6:00 pm