2021-2-11 23:18 |
Cryptocurrencies "challenge the ability of governments to levy taxes and to control capital flows more broadly," the report says. origin »
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3% of some 350 active users of Kraken have given a somewhat surprising response to what is driving stablecoin adoption. While the vast majority said decentralized finance (defi) or a...
2020-12-2 15:32 | |
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Once an IRS investigation or audit is opened, it’s too late to make amends, warn tax lawyers.
2020-11-12 15:19 | |
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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.
2020-2-22 20:00 | |
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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.
2020-1-18 00:33 | |
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Tuur Demeester from Adamant Capital suggests a cause for the recent Bitcoin price dump which he says he has not heard discussed yet ? tax payment decrease
2019-11-25 12:04 | |
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An IRS official has said that taxpayers can’t defer taxes on cryptocurrency exchanges, not even for pre-2018 transactions. Things have been clear up until now: taxpayers can’t make like-kind exchanges when it comes to cryptocurrency trades that took place in 2018, as a result of the previous year’s tax overhaul. Like-kind exchanges are allowing taxpayers […]
2019-11-15 23:56 | |
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The United States’ Internal Revenue Service (IRS) says that a recent meeting with other global tax authorities has given it much deeper insight into how to track those using cryptocurrency to avoid paying taxes.
2019-11-10 08:34 | |
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The U. S. Internal Revenue System (IRS) has recently posted a new video on social media talking about the CP2000 notices it sent to people who did not pay their taxes as they should. This has troubled crypto investors, as most of them did not know how to pay their taxes due to lack of […]
2019-8-27 00:41 | |
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Canadian crypto exchange allows locals to save on taxes via BTC payments
2019-8-23 09:12 | |
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The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.
2019-7-27 19:45 | |
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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.
2019-6-14 15:51 | |
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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.
2019-4-17 14:58 | |
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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.
2019-4-15 17:30 | |
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A crypto tax consultant says on Twitter that traders under a certain income level do not have to pay taxes on crypto operations for 2018
2019-3-27 16:17 | |
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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.
2019-3-8 05:00 | |
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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.
2019-3-2 20:32 | |
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Ohio state treasurer Robert Sprague revealed that two companies have used the recently introduced option to pay taxes with cryptocurrencies
2019-2-23 22:06 | |
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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.
2019-2-21 17:01 | |
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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.
2019-2-11 17:39 | |
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“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens.
2019-2-2 22:33 | |
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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.
2019-1-28 16:55 | |
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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.
2019-1-25 22:49 | |
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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.
2019-1-24 20:28 | |
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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.
2019-1-14 11:00 | |
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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.
2018-12-29 17:25 | |
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The Danish tax agency says it has identified 2,700 individuals who owe, but whether the bitcoin gains are taxable is unclear.
2018-12-13 21:45 | |
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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.
2018-11-4 13:00 | |
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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.
2018-10-30 19:00 | |
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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.
2018-7-19 12:47 | |
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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.
2018-7-13 14:59 | |
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Market analysts say Monday's price gains accelerated amid a short squeeze.
Bitcoin's weekly stochastic oscillator has turned up from oversold or below -20 levels, a positive sign for the cryptocurrency.
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months.
Across the vast majority of digital currencies this morning, markets seemed vanquished as most chart patterns showed red. The downward trend was felt across most of the top cryptos with a small section of coins recording a slow upward surge.