Search

Nalezeno "IRS": 990

'Guys, File Your Crypto Taxes, the IRS is Coming'

2.4.2021
A tax expert is warning that filing crypto taxes is a must in order to avoid penalties, as the taxman knows you've got reportable transactions. This comes as the Internal Revenue Service (IRS), the service of the United States federal government responsible for collecting taxes, is officially...

IRS authorized to access information on Circle's crypto traders to nab tax cheats

2.4.2021
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020

With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS

1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...

Wait For IRS Before Spending Bitcoin, NFT Exhibition, Crypto.org Chain + More News

26.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Taxes news The active management firm Ark Invest founder Cathie Wood said that bitcoin (BTC) investors in the US shouldn't transact with the coin...

Cathie Wood: BTC investors shouldn’t transact until tax code changed

25.3.2021
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest

Would a US wealth tax push millionaires to Bitcoin adoption?

18.3.2021
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them

The things the DoJ’s latest move against McAfee has taught us

10.3.2021
The actions against McAfee by the DoJ and the IRS represent a worrying shift in the view of the U.S. government’s criminal enforcement arm

IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...

IRS clarifies reporting requirements for crypto bought with fiat

3.3.2021
The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities

Bitcoin core non-profit gets approved for tax exemption, perks for donors

10.2.2021
501(3)(c) status boosts the project's legitimacy as well as its efficiency in using donations

How a Lawsuit Against the IRS Is Trying to Expand Privacy for Crypto Users

9.2.2021
Harper’s case may have widespread implications for privacy laws regarding cryptocurrency users if he wins

Parents, it’s time for ‘the talk’: Did your kid trade crypto in 2020?

4.2.2021
Now is the time to look beyond your own income-producing activities and look to your children’s crypto as well

Bitcoin ‘Underperforms’ During Tax Time: Analysis

27.1.2021
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills

Coinbase users can now report their crypto taxes using CoinTracker

15.1.2021
Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before

US crypto firms invest in tax solutions as IRS updates reporting forms

7.1.2021
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit

IRS Updates Tax Requirements for Cryptocurrency Owners

7.1.2021
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes...

IRS Updates Instructions To Tax Individual Crypto Investors

5.1.2021
The US Internal Revenue Service (IRS) has released a new version of its draft instructions that clarify the definition of virtual currency. The tax agency aims to guide individual taxpayers on how to fill in the 1040 form that asks them whether they bought or sold cryptoassets last year, but...