January 15, 2021 Coinbase users can now report their crypto taxes using CoinTracker Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before. With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler.According…
January 7, 2021 South Korea to introduce a 20% tax on crypto trading profits in 2023 After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders.…
January 7, 2021 US crypto firms invest in tax solutions as IRS updates reporting forms Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit.…
January 3, 2021 IRS to transition from ‘education to enforcement,’ says former division chief A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear A former top investigator is warning that “a high-stakes game of chicken” between the Internal Revenue Service (IRS) and cryptocurrency holders who fail to properly report their earnings will be entering a new phase in 2021 as the tax collection agency begins to focus on pursuing “civil and, potentially, criminal penalties.”In…
December 28, 2020 Crypto taxes, reporting and tax audits in 2021 Just remember, the IRS is quite interested in crypto and is taking steps to unearth those who do not report.…
December 23, 2020 Gifting crypto to loved ones this holiday? Educate them first Cryptocurrency may seem like the perfect holiday gift this year, but education is key when deciding how to gift digital assets.…
December 19, 2020 Tax justice for crypto users: The immediate and compelling need for an amnesty program A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions.…
December 16, 2020 IRS tax form question leaves US crypto users confused and concerned This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year.…
December 7, 2020 Thai tax collectors to streamline revenues with blockchain tech in 2021 Blockchain will reportedly make tax evasion more difficult in Thailand. Thailand's tax collection agency will use blockchain technology to streamline tax payments next year.The…
November 27, 2020 Exchanges outdo auctions for governments cashing in criminal crypto, says exec Governments are increasingly liquidating crypto assets seized in criminal investigations. Earlier this week, Lithuania's tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. …
November 26, 2020 Russian prime minister proposes legal steps to bring order to crypto market Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code. Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At…
November 25, 2020 DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition Intuit, which also owns TurboTax, is not allowed to control all consumer tax software, says DoJ.…
