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Nalezeno "tax reporting": 65

Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600

10.6.2022
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through...

Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

23.5.2022
The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman

How to Easily Prepare Your Crypto Taxes – Koinly Founder Robin Singh Explains

27.3.2022
Koinly is a tax solution for cryptocurrency investors and accountants. Anyone who owns multiple exchange accounts or wallets knows the pains when it comes to declaring taxes. Koinly was built to solve this very problem – by integrating with all major blockchains and exchanges Koinly reduces...

Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions to the IRS

8.3.2022
Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button....

How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli

24.2.2022
The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common...

ZenLedger Announces Fantom Support for Crypto Tax Reporting

8.2.2022
ZenLedger recently announced native support for the Fantom network. The integration will allow Fantom users to access crypto tax reporting services. The solutions will help the users simply calculate taxes, manage crypto portfolios, and generate needed tax documents. Given the precision...

Things to know (and fear) about new IRS crypto tax reporting

4.12.2021
The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?

Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

16.8.2021
Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill

Australian crypto users will have access to tax reporting services through Crypto.com

12.8.2021
Crypto holders in the United States, Canada, and now Australia can generate tax reports using the exchange

$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

11.8.2021
The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto. That would be...

Binance cuts withdrawal limits, rolls out tax reporting tool

28.7.2021
Existing Binance users will not be able to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August

Court orders Kraken to provide information on user transactions to the IRS

6.5.2021
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS

Ohio senator wants clarity for crypto tax reporting in proposed bill

20.4.2021
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely

OECD Says It Is Working on Crypto Tax Reporting Standards for 2021

27.11.2020
The Organisation for Economic Co-operation and Development (OECD) looks set to adopt an international set of standards that will change the way crypto taxes are reported – and the body is ready to apply the same kind of tax standards as it uses to police conventional finance in its efforts to...