2019-12-11 17:00 |
Denmark's tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities.
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Danish tax agency is asking crypto users to provide a full background of all their cryptocurrency transactions
2019-12-11 17:39 | |
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Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save crypto traders thousands in tax bills.
2019-11-8 20:00 | |
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If you’re earning or trading in cryptocurrencies and not declaring to the IRS, it probably won’t end well. But if you want to make amends, there are three ways to go about it. IRS Sent Over 10k Letters to Crypto Users Since cryptocurrencies have been repeatedly thrust into the spotlight, they’re also increasingly under the purview of the tax authorities.
2019-10-28 15:30 | |
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A trusted source has confirmed that the Internal Revenue Service is going to conduct audits on cryptocurrency activities. The source said that the tax collection agency is planning to unleash a batch of audit notices.
2019-10-26 19:51 | |
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A source within the Internal Revenue Service (IRS) has apparently confirmed the tax collection agency plans to send out a new batch of audit notices. The notices will be a follow-up to the 10,000 letters sent out in August.
2019-10-26 12:45 | |
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Have you had a great year with cryptocurrencies? Made the right trades at the right time and seen some hefty gains? Unfortunately, come tax season and the IRS is going to want a big chunk of your gains – they are already sending out warning letters! Given that crypto trading hasn’t been around for too […] The post 7 Hacks to Minimise Your Crypto Tax Liability appeared first on NullTX.
2019-9-17 13:05 | |
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The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency.
2019-8-27 22:30 | |
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In a bid to remind 18,000 retirees under Self Managed Super Funds (SMSFs) of their legal duty to invest their retirement savings cautiously, the Australian Tax Office (ATO) has begun sending stern letters to some of these individuals whom have chosen to spend over 90 percent of their retirement savings in a single asset classRead MoreRead More.
2019-8-18 01:00 | |
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The Australian Tax office has sent out 18,000 warning letters to Self Managed Super Funds (SMSFs). The letters target those who have invested over 90% of retirement funds in a single asset class, such as property or cryptocurrency.
2019-8-16 16:00 | |
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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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The Australian Tax office (ATO) has started to send warning letters to almost 18,000 Self Managed Super Funds (SMSFs), cautioning against hedging 90% of retirement funds in a single asset class, reported The Australian.
2019-8-16 12:30 | |
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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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Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.
2019-8-12 11:00 | |
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As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News. Bitcoin. com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India.
2019-8-7 09:35 | |
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The tax authority of the United Kingdom, HM Revenue & Customs, has recently revealed that it is about to take data from exchanges in order to get unpaid taxes. Three major exchanges, CEX.IO, Coinbase, and eToro, received letters last week that demanded them to give information about their customers to the government. According to reports, […]
2019-8-7 22:49 | |
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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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The U. S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.
2019-8-5 01:15 | |
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In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.
2019-7-30 16:45 | |
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Following earlier reports this year that the US Internal Revenue Service was working to update cryptocurrency tax guidelines, the agency sent warning letters out to more than 10,000 crypto-holding taxpayers, advising them to submit an amended tax return if they didn't report their holdings.
2019-7-29 19:02 | |
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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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On July 26, the U. S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August.
2019-7-27 06:14 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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Local reports have asserted that the Israel Tax Authority has launched a renewed crackdown on unreported cryptocurrency earnings. The Israeli tax regulator has opened hundreds of tax accounts and sent letters of notice to Israeli citizens suspected of failing to disclose earnings derived from cryptocurrency-relate activities.
2018-12-10 19:50 | |
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Denmark’s Tax Law Council has recommended the introduction of a legislative bill aimed at taxing unrealized gains and losses on cryptocurrency assets, a move that could significantly reshape the landscape for Danish crypto investors.
The “unparalleled” nature of Partisia Blockchain’s “provenance and depth of experience” makes it uniquely placed to solve the problem of data privacy in public blockchains, Adrienne Youngman, CEO of Partisia Blockchain Foundation told CoinDesk in an interview on Tuesday.
Denmark’s Supreme Court has ruled that gains made from Bitcoin (BTC) sales are taxable. The post Denmark Supreme Court rules that Bitcoin gains are taxable appeared first on CryptoSlate.
Major global crypto AML service provider Chainalysis does not support full transparency in crypto despite not being able to track all privacy coins
The new 2019 Transparency Report from crypto exchange Kraken reveals that the number of data requests it receives from law enforcement agencies worldwide continues to rise
Nordea Bank, a financial institution in Denmark that’s part of the largest financial group in Scandinavia, has been given the go-ahead by a Danish court to continue restricting its employees from owning or trading Bitcoin (BTC).