Latest Posts with Crypto taxes tag

Crypto taxes

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US Tax Law and Cryptocurrency Part 3: Cost Basis Accounting (FIFO, LIFO, HIFO, and Specific Identification)

1 Mar 2021 5 minute read 0 comments Phul

I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. The cost basis of an asset is its original value which is...

Winning Money? How The IRS Taxes Gambling

26 Feb 2021 4 minute read 1 comment MintDice.com

As January 2021 fades into February, it’s almost time for that dreaded time of year, also known as tax season. Tax season can be happy for many people (especially those who get a refund year after year) but can be difficult for others who end up owin...

Taxes on Cryptocurrencies - The Last Thing Expected

18 Feb 2021 1 minute read 0 comments curation-man

Russia is close to introducing a digital currency fee bill after the proposal was initially approved by the Russian parliament. The Russian state news agency announced that the State Duma and the House of Representatives of Public Authority approved...

Uphold.... There is a Positive for Them After-all

16 Feb 2021 1 minute read 2 comments Cje95

One of id not the biggest complaints about the Brave Browser is that BAT, the crypto they distribute, requires you to use Uphold. It’s safe to say that Uphold and Brave had to have signed an exclusive partnership that forced Brave users to use it. Wh...

Living From Cryptocurrency In Germany? A Reality Check

14 Feb 2021 5 minute read 22 comments Khazrakh

Like many of us, I'm somewhat obsessed with the concept of living from cryptocurrency instead of relying on my everyday job's salary to pay the bills. I'm pretty confident that this is eventually going to be possible and I certainly don't have any in...

Nigerian Government doesn't care about your silly internet money

3 Feb 2021 2 minute read 2 comments belemo

I was reading one of @edicted's posts about tax and generally how the feds have them by the balls in the USA. Unlike the USA, Nigeria has no such tight grip on our genitals and around here, it is a bit like the jungle. How I see it, tax is used...

The REAL Crypto Trilemma: Crypto, Taxes, and You

2 Feb 2021 5 minute read 1 comment Michael @ CryptoEQ

If you have already filed your 2020 individual tax returns, you probably noticed a question about Cryptocurrency. You may have already taken the deep dive into this topic and if so, I hope you still learn something from this. If you have more questio...

I've Never Owned Any Bitcoin, Uncle

16 Jan 2021 4 minute read 0 comments AlucardLife

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...

The Office of the Comptroller of the Currency Just Elevated the Stakes

5 Jan 2021 3 minute read 3 comments BryRi

Over the last couple years the questions seemed to have elevated & quickly at that.  Some would say it has been prophecy and others simplified to just about time.  Either way, The Office of the Comptroller of the Currency Just Elevated the Stakes.  ...

Tax Planning Time

4 Jan 2021 1 minute read 0 comments JayC0730

Almost time for taxes and it's finally gotten complicated. Let me highlight what I expect to receive this year. Robinhood 1099 form Webull 1099 form Robinhood Crypto form Coinbase 1099-MISC form Blockfi 1099-MISC form Possible Kraken Tax Form procedu...