Latest Posts with Crypto taxes tag

Crypto taxes

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Square Buys Credit Karma's Tax Service for Cash App Integration

26 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Payments firm Square will buy Credit Karma’s tax application for $50 million, according to a press release issued on Nov. 25. Square will buy the self-reporting tax filing service Credit Karma Tax on behalf of its Cash App The service will be made a...

Crypto Income and Taxation

13 Jul 2020 3 minute read 5 comments rah

Most (if not all) of us are investing in Crypto with the intention of making profits. Profits are great, but once an individual starts making money the tax man is not far behind. Now of course we all want to minimise our tax burden while at the same...

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...

Crypto Taxes Canada 2020 (Capital Gains VS Business Income)

3 Dec 2020 1 minute read 6 comments cryptoforcanadians

As we're finishing 2020, some of you may already be thinking about the taxes that you'll need to pay on your gains come next year. Having said that, here's a quick post on how your crypto gains may be calculated in Canada. I do want to say though tha...

NFTs and Taxation

10 Mar 2021 3 minute read 4 comments rah

This is the first of three articles I have been asked to write and I am going to see if I can get them banged out before the end of the week. To follow will be an article on achieving financial success and a more general article on Charities and NGOs...

US Tax Law and Cryptocurrency Part 4: Gift Taxes

26 Mar 2021 4 minute read 2 comments Phul

Making this thumbnail may have gotten slightly out of hand, but it's safe to say that I had some fun with it. 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 inter...

Crypto & Your Tax Bill

18 Mar 2021 2 minute read 1 comment AlucardLife

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...

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...