Latest Posts with Crypto taxes tag

Crypto taxes

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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...

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...

South Korea to start taxing profits on cryptocurrencies?

1 Jun 2020 1 minute read 0 comments Panzer

As already in many countries a tax on cryptocurrencies might soon be a reality in South Korea.  The taxation will apply not only to profits made from trading but also to bitcoin mining operations and income from initial coin offerings.  But the new l...

Cryptocurrency taxes strategy - Deferring taxes and putting them to work for you

20 Dec 2020 2 minute read 1 comment Behiver

Paying taxes upon the cryptocurrency profits is a subject of high importance that evens the Bitcoin all time high reached these days. We want it or not, regardless of the country we are living in, taxes are a pain in the ass and we all need to g...

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...

Reduce your crypto tax using this method

31 May 2020 2 minute read 1 comment Cryptohem

In this era cryprocurrency has been start recognising as our wealth asset hence it has become laible to pay tax from the profit we get by investing in different platform. Lately this week many countries are also adopting different law against the use...

🔑 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...

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...

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...

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...