Tag: IRS

Posted in Crypto News 4

The Crypto Airdrop Defined

There are a number of ways people can obtain cryptocurrencies and one of them is through airdrops,…

Posted in Analytics News 7

Unclear Guidance Won’t Stop Audits

Tax season is one of the most dreaded times of the year for many, and when the…

Posted in Crypto News 4

IRS Kicks Off Tax Season

Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips…

Posted in Top News 6

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

It’s been close to 11 years since the inception of Bitcoin and during the last few years…

Posted in Crypto News 1

Thomson Reuters Launches Crypto Tax Tool

Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has revealed that its Individual…

Posted in Business News 2

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

Industry members have been eagerly awaiting the update since May 2019, when IRS Commissioner Charles Rettig said…

Posted in Top News

The IRS Is Blindly Coming After Cryptocurrency Traders

The problem here is that the IRS doesn’t have all of the necessary information. In fact, not…

Posted in Business News 2

North Carolina Congressman Reintroduces Crypto Tax Bill

The Virtual Value Tax Fix Act, first legislators first proposed last Congressional session, has been reintroduced by…

Posted in Crypto News 1

Microsoft, Google and Apple To Track Bitcoin And Crypto Owners

The revenue arm of the US government will also intercept data from electronic surveillance, interviews, and Grand…

Posted in Top News

Avoid State Taxes on Crypto With US Supreme Court’s Recent Trust Decision?

The United States Internal Revenue Service (IRS) treats Bitcoin and other cryptos as property. That means each…

Posted in Business News 4

US Income Tax Payers Can Now Get Refunds in Bitcoin

Blockchain payments processor Bitpay announced the news on Tuesday, saying that the firm has partnered with U.S.-based…

Posted in Business News 4

21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

The Congressmen “urge the IRS to issue more robust guidance clarifying taxpayers’ obligations when using virtual currencies”,…