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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Digital currency exchange Coinbase has launched a new gains/losses tax tool in its attempt to make it easier for its user base to report U.S. taxes. In a blog post...