crypto tax

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New IRS DeFi Reporting Rules

29 Dec 2024 4 minute read 0 comments cryptogod-1

Good day everyone, I hope you are all having a good day, welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the new IRS regulations regarding taxes for DeFi users.     New IRS DeFi Reporting Rules The U.S. Treasury...

Crypto Taxation Landscape: A Global Perspective

16 Oct 2023 7 minute read 0 comments ulriklykke

Crypto taxes around the world differ from one jurisdiction to another. While some countries have adopted a stringent digital asset tax regime, others are taking a more relaxed approach.  But before diving into the specifics, it's worth distinguishing...

Joe Biden’s Crypto Tax: What Does it Mean for Crypto?

11 Apr 2023 4 minute read 12 comments MintDice.com

President Joe Biden's proposal to introduce a tax on cryptocurrencies has sparked a heated debate within the crypto community. While some argue that the tax is necessary to address the environmental impact of crypto mining and prevent tax evasion, ot...

Are crypto payments legal in the UK?

28 Sep 2022 2 minute read 0 comments NOWPayments

When starting to accept cryptocurrency payments as an individual or a business, it’s important to consider the legal financial regulations in the United Kingdom. The use of Bitcoin and other digital currencies has been restricted in some countries, s...

10% tax might have been better than 30% tax for crypto in India

2 May 2022 2 minute read 0 comments Bala

We have a 30% tax on crypto transactions in India. I have written a few articles in the past on this topic. Today I was wondering if it would have been better if they had kept the tax at 10% flat instead of 30%. The Finance Minister said that this ta...

India taxed 30% on Crypto Assets

1 Feb 2022 1 minute read 1 comment Crypto Raj

Hi Readers, In line with the expectations on the Indian Government 2022 budget on the taxation of Crypto Assets, the Indian Government taxed 30% on the Virtual Digital Assets. This means the Crypto Assets including the NFTs would be taxed @ 30% as th...

How Well Did the Pending BAT Rewards Translate??

11 May 2021 2 minute read 3 comments Cje95

Last months payout was a little bit of a mess to day the least. Even though I have a verified wallet it was not until today that I received the second of the two payout I get for using two computers. While it typically takes a day or two for the seco...

US Tax Law and Cryptocurrency Part 2: Tax Loss Harvesting and Wash Sales

25 Feb 2021 3 minute read 0 comments Phul

I am a certified public accountant that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. You can view the first part on LeoFinance, my own blog, Medium, Reddit, a...

Crypto Pension, with 20% free Government top up

5 Oct 2020 2 minute read 0 comments Nevsie

Here in the UK, the government wants you to save your own pension and not be reliant on the state pension. This is being enforced by them making the state pension access age later and later. What used to be awarded in your very early 60's has slowly...

IRS Crypto Audit Tax Notice probes deep - what to do if you get one (or even if you did not, how to be prepared?)

11 Feb 2020 1 minute read 0 comments CryptoTapas.com

We recommend reading this article about the IRS Crypto Tax Audit Notice. A post about IRS Crypto Tax Audit Notice is making circles online.  Whether this is a genuine one or not is unclear, but this one looks to be real (having seen many notices befo...