Cryptocurrency Taxation

Bitcoin, Blockchain & Cryptocurrency News

Bitcoin

$10,957.25

Ethereum

$379.84

XRP

$0.250

Show details

Man sitting down calculating bitcoin Tax

Crypto Tax: IRS Invites Industry Stakeholders to Parley in March

February 19, 2020 by Osato Avan-Nomayo at Regulation

The United States Internal Revenue Service (IRS) is inviting cryptocurrency stakeholders to a crypto tax summit in March. The move comes as the IRS has declared its intention to pursue robust virtual currency tax enforcement in 2020. IRS and Crypto Groups to Discuss Taxation Policies According to Bloomberg Tax, the...

IRS Considering Tax Guidance for Hard Fork "Hodlers"

IRS Mute on Calls to Clarify Foreign Crypto Tax Reporting Rules

February 13, 2020 by Osato Avan-Nomayo at Regulation

The U.S. Internal Revenue Service (IRS) is yet to clarify which Foreign Account Tax Compliance Act (FATCA) rules apply to crypto tax filings. Meanwhile, a U.S. Congress watchdog is saying aspects of the updated crypto taxation guidelines published by the IRS in 2019 are not enforceable. Concerning FATCA Compliance for...

Bank of Korea to Establish Digital Asset Task Force

South Korea Set to Impose Crypto Tax on Trading Profits

January 20, 2020 by Osato Avan-Nomayo at Bitcoin

The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto...

Tax Evasion with Cryptocurrencies Could rise due to De Minimis Exemption

November 20, 2019 by Osato Avan-Nomayo at Regulation

While calls continue for a lenient crypto tax regime, one commentator says a ‘de minimis’ exemption status for virtual assets will encourage Bitcoin tax evasion, reports Law 360. Crypto Tax Evasion Will Become Commonplace According to Law360, Omri Marian of the University of California’s Irvin School isn’t in support of...

U.S. Reps Tell IRS to Publish New Crypto Tax Guidelines

April 13, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Finance, News

Since it has now become mandatory for digital assets traders to remit taxes, 21 members of the United States Congress, led by congressman Thomas Earl Emmer, have jointly sent a bipartisan letter to the United States Internal Revenue Service (IRS) urging it to publish new guidelines on crypto tax remittance,...

Join our telegram channel

#Cryptocurrency Taxation News