Crypto Tax Compliance

30 Articles 1 Followers


Crypto and Tax Accounting: A Match Made in Heaven?

12 Nov 2021 6 minute read 1 comment Abhijoy Sarkar

Everybody knows by now about the SHIB whale wallet (recently split the balance into more wallets) which bought USD 8,000 worth of the meme tokens last year and is now worth close to USD 3.6 Bn as of the time of writing this article. This number was e...

U.S House of Representatives Passes $1 Trillion Infrastructure Bill - Crypto Got Screwed

8 Nov 2021 5 minute read 8 comments kev_nag

***INTRODUCTION*** After a long day in session, late Friday night (November 5, 2021) the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act (H.R. 3684) by a vote of 228 - 206. This vote included 13 Republicans voting in f...

The Move #3: Comparing Crypto Tax Accounting platforms (Cointracking vs Rotki)

25 Sep 2021 6 minute read 0 comments bengy

    Unsplash   This is my little series on the big move back to Australia. Perhaps I will look back in the future and laugh... or cry!Part 1: Finding a Moving CompanyPast 2: A Slight Travel Panic Ah, moving back to Australia has some benefits...

Crypto Tax Accounting: Cointracking

1 Sep 2021 6 minute read 2 comments bengy

Crypto Tax Accounting: Cointracking   Crypto accounting is a bit of a nightmare at the moment. Tools to track transactions are a bit janky at best but I have found that Cointracking has been the best one that I've used so far. Unlike other port...

Crypto for Newbies: Part 6 - Tax For Australian Crypto Investors

2 Jun 2021 5 minute read 0 comments FrMkII

This is a series of guides for crypto newbies, with a focus on investing in Australia, although a lot of the advice will be suitable for a global audience.  This is a guide from the point of view of people new to the space, without in depth knowledge...

Crypto & Your Tax Bill

18 Mar 2021 2 minute read 1 comment Hamminy

You don't have one. Questions? Drilling down: Crypto, bitcoin especially, is sovereign. That means your country has NO CLAIM TO IT. Moreover, it is not in any way defined by or against any fiat currency. The fact that they can be exchanged for fiat c...

CNY + IRS = Atomic Crypto Dump?

22 Jan 2021 2 minute read 1 comment Hamminy

The Chinese New Year (CNY) historically corresponds with a dump in crypto. US tax season comes right after. This year is a bit different because of the Plague, however, so the question is will CNY and Uncle Sam make the market bleed in 2021? CNY corr...

I've Never Owned Any Bitcoin, Uncle

16 Jan 2021 4 minute read 0 comments Hamminy

Honestly, I don't even know why I'm talking to you right now, Uncle. You haven't called me in years, and you don't have jurisdiction over sovereign assets. I honestly think that you're only getting in touch with me because you heard about my success...

Steve Mnuchin Tanks Coinbase IPO? (How to Get Around US Wallet Regulations)

18 Dec 2020 3 minute read 4 comments Hamminy

US Treasury Secretary Steve Mnuchin is set to impose useless, ridiculous regulation aimed at self-hosted wallets. But since he can't really regulate the apps you put on your computer, he has to do it through the exchanges. What the regulation really...

The Ultimate Guide for Cryptocurrency Guides – No, This Is Not A Typo

14 Dec 2020 6 minute read 2 comments Abhijoy Sarkar

In all my discussions and brainstorming sessions about crypto with others, I keep going back and forth on one particular aspect – reliable reading resources on various topics. Whenever something new comes up, the first thing on my mind is where to le...