Latest Posts with Crypto taxes tag

Crypto taxes

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Cryptocurrency Taxation – A Bit Brain Guide

8 Dec 2020 6 minute read 4 comments Bit Brain

If you’re worried about the taxes which you need to pay on your crypto trades, Defi earnings, staked coin dividends etc, then my question to you is:“Why on Earth does your government know what you’re doing with your crypto?”You’re doing it wrong; tha...

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...

Taxes and New Economic Measures.

2 Dec 2020 1 minute read 0 comments Juan Molina

Source On November 25, 2020, the Vice President of Venezuela announced a set of economic measures that seek to strengthen the national currency, El Bolivar (Bs). These measures, which I will describe below, have a tax and authoritarian origin, so in...

Discussion on application of cryptocurrency taxation from January 2022

29 Nov 2020 1 minute read 0 comments Md Habibur Rahman

The National Assembly's Planning and Finance Committee's Tax Assistance Committee discussed how to tax cryptocurrency taxation scheduled for October next year from January 2022, which was extended by three months to build the taxation infrastructure...

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...

Are bitcoin profits taxable in the UK?

24 Nov 2020 2 minute read 0 comments coinpass Global

The HMRC states that tax on the capital gains and profits on assets must be filled on your yearly personal and business tax return. This means that when you’ve made a profit on paintings, property, cars, jewellery and collectibles. There are some ex...

TAXES for those who have digital currencies!!!!

18 Nov 2020 1 minute read 0 comments MISSSUAREZ

The Executive led by Pedro Sánchez approved a new bill that seeks to fight against tax fraud. This project will replace the one already proposed just two years ago when Sánchez was already in Moncloa. On this occasion, the measure wants to target cry...

IRS States that Just Holding Crypto Won’t Need Disclosure in Tax Form

27 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has clarified that those who have only held crypto assets in 2020 need not answer yes to the question of whether they have received any financial interest via cryptocurrencies. The IRS issued the clari...

🔑 Tax loopholes - Wash Sale Trading 🔑

15 Oct 2020 2 minute read 0 comments _-_

Tax loopholes are ways to legally owe less money or decrease your tax burden, generally because of technical definitions... Today we'll examine one that applies to Cryptocurrency and Bitcoin, "Wash Sales"There are many changes happening the crypto sp...

Triple M (Mad Man McAfee) arrested for US Tax Evasion

9 Oct 2020 1 minute read 23 comments PVMihalache

I grew up having McAfee antivirus on every PC I had, not because it was free but because was the best. John McAfee was some kind of genius billionaire as a result of his software. In 2020, the link with the famous antivirus is the only positive aspec...