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IRS Crypto Prosecutions Set to ‘Skyrocket’, Says US Tax Law Firm
The US Internal Revenue Service (IRS) is expected to ramp up its cryptocurrency-related enforcement actions, a tax law office warns. US Revenue Agency Looking to Crack Down on Crypto Tax Evasion The IRS has not been explicit on how would it treat taxes related to cryptocurrency transactions. дальше »
2020-2-22 20:00 | |
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Decentralized Finance (DeFi) Grew To $668 Million In 2019, How Will Taxes Be Calculated?
2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie, the CEO of accounting startup Cryptio says complex assets and transactions make it for the accounting to be more difficult. дальше »
2020-1-18 00:33 | |
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Bitcoin Tax Evaders Will Be Criminally Prosecuted, Warns IRS Agent
By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders. дальше »
2019-6-14 15:51 | |
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EY Spends Millions Upgrading ‘Blockchain Analyzer’ to File Your Crypto Taxes
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. дальше »
2019-4-17 14:58 | |
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Bitcoin Transaction Costs are ‘So Much Cheaper’ than Credit Cards, Says Canadian Mayor
A Canadian town mayor says using bitcoin to pay for property taxes has made transaction costs much cheaper. “The advantage of doing it as opposed to a credit card is the transaction costs are so much cheaper,” Mayor Lynn Dollin of Innisfil, Ontario told Day 6. дальше »
2019-4-15 17:30 | |
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CRA Warns Digital Currency ‘Does Not Exempt’ Canadians from Their Tax Obligations
The Canada Revenue Agency (CRA) is targeting users of Bitcoin (BTC) and other crypto assets in its latest series of audits — starting with a 13-page questionnaire. Time for Bitcoin Users in Canada to Pay Their Taxes According to an article in Forbes yesterday, Bitcoin researcher and writer Kyle Torpey revealed that the CRA is cracking down on Bitcoin (BTC) and other crypto-asset users in Canada. дальше »
2019-3-8 05:00 | |
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After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Files Official Complaint
After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Filed Official Complaint The United States Internal Revenue Service has certain requirements for the cryptocurrency industry, though they are still sorting out certain regulations. дальше »
2019-3-2 20:32 | |
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Ohio State Treasurer Says Only Two Bitcoin Tax Payments Have Been Made to Date
In November 2018, we reported a story about Ohio becoming the first ever American state to accept bitcoins as a payment to resolve tax bills. It had permitted businesses to register with the state via OhioCrypto. дальше »
2019-2-21 17:01 | |
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Want to Avoid Taxes for Life? Have 4 Children, Says Hungary’s Anti-Immigration PM
Having kids is hardly a walk in the park. Oftentimes it feels as if the only incentive in the incessant additional child caring workload is the occasional smile, cuddle, or unexpected kiss. Well, not in Hungary. дальше »
2019-2-11 17:39 | |
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Bitcoin Price Analysis: BTC Falter as Regulators Warm Up For Crypto
Latest Bitcoin News There is a sweeping wave across Europe and America acknowledging the advantages of DLTs and their products as cryptocurrencies. States as Texas, Wyoming and New Hampshire don’t accept Bitcoin and cryptocurrencies as money—not yet, but property whose gains are subject to taxes. дальше »
2019-1-28 16:55 | |
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After Not Filing Taxes for 8 Years, John McAfee Claims IRS After Him For Cryptocurrencies
Earlier this month, John McAfee indicated online that he had not filed taxes for eight years and all but dared the IRS to come after him. Now, he says that he is on the run. He claims to be working and living on his yacht because the IRS is after him for his use of […] The post After Not Filing Taxes for 8 Years, John McAfee Claims IRS After Him For Cryptocurrencies appeared first on Coinjournal. дальше »
2019-1-25 22:49 | |
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Elections Canada Consults With Political Parties on Crypto Donations
According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act. дальше »
2019-1-24 20:28 | |
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Expect ‘Large increase’ in Cryptocurrency Taxes Filed for 2018, Says Bittax CEO
Bitcoinist spoke with Gidi Bar Zakay, CEO and founder of Bittax at the recently held Israel Bitcoin Summit in Tel-Aviv about cryptocurrency tax obligations for users and how the regulatory landscape is taking shape around the globe. дальше »
2019-1-14 11:00 | |
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Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic
Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U. S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency. дальше »
2018-12-29 17:25 | |
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Something Is Rotten In The State Of Denmark As It Investigates Taxes Owed On Bitcoin Gains
The Danish tax agency says it has identified 2,700 individuals who owe, but whether the bitcoin gains are taxable is unclear.
дальше »2018-12-13 21:45 | |
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Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes
One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes. From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading. дальше »
2018-11-4 13:00 | |
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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies
The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. дальше »
2018-10-30 19:00 | |
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Remove Capital Gain Taxes on Cryptocurrencies Says Director at Heritage Foundation to Congress
Norbert Michel, director for Data Analysis at the highly influential conservative think tank the Heritage Foundation, has called on congress to remove capital gain taxes on cryptocurrencies. During a congressional subcommittee. дальше »
2018-7-19 12:47 | |
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Australia Tax Office Says Investors Trading Cryptos Offshore Won’t Escape Tax Obligations
The Australia Tax Office (ATO) wants to do its job properly and is bent on collecting all taxes from its citizens. Even those tech-savvy bunch belonging to the crypto crowd won’t be able to escape its clutches as the agency will be using the latest in data matching techniques, as well as the cooperation of […] Australia Tax Office Says Investors Trading Cryptos Offshore Won’t Escape Tax Obligations was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-7-13 14:59 | |
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