Crypto taxes

154 Articles 2 Followers


Do You Owe Taxes On Your (US)Crypto Activity?

8 Jan 2023 2 minute read 4 comments SeventyFourSeventyFive

Probably yes, but, here are some FAQs to help out. Does the IRS care about me buying and selling crypto? Yes, the IRS considers this one of the most underreported assets out there and want their share.  See my other posts on the involvement of govern...

"Navigating the Tax Landscape of Cryptocurrencies in the EU and US: A Comprehensive Guide for Investors and Businesses"

22 Dec 2022 2 minute read 0 comments Fabrynar.

Cryptocurrencies have become increasingly popular over the past decade, with many individuals and businesses around the world buying, selling, and holding various digital currencies as an investment or as a means of payment. However, as with any fina...

Crypto Traders Rejoice as Tax Rule Falls Out of the Omnibus Bill

22 Dec 2022 2 minute read 4 comments Cje95

Well, the 4,000+ page text for the government funding bill, more commonly known as the omnibus, has been released, and while I am sure there are plenty of interesting tidbits, one key thing stands out among the rest. The biggest tax loophole in the c...

How crypto donations lower your tax bills

3 Dec 2022 4 minute read 25 comments NOWPayments

Accept crypto donations NOW Perhaps the belief that you will feel a warm feeling of helping those in need is not so motivating for you, but what if you can also significantly reduce your tax bills by donating cryptocurrency? There’s never been a...

Collecting Transaction records: Settling in for Crypto-implosion

17 Nov 2022 3 minute read 0 comments bengy

Unsplash   With FTX going belly up, and the news that Genesis (huge huge huge counterparty/loan platform) is stopping withdrawals due to a liquidity shortfall... well, it is safe to say that the waves from the earlier collapses in the year are...

Crypto taxes: How to hide your winnings

6 Nov 2022 4 minute read 0 comments iPlayCrypto

This article is part of the iPlayCrypto collection. Visit iPlayCrypto's blog for everything on crypto!  Crypto is regarded as an asset for federal revenue tax principles and is treated as a property by the IRS for average brokers. As a result, crypto...

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...

Regulation - Governments Accidently Initiate Population Restructuring

23 Sep 2022 2 minute read 1 comment Sapphire Crypto

The Push Continues There has been a lot of talk regarding the proposed banning of algo-based stablecoins in the US. This may come as a surprise to some, but for the majority of us, we have been expecting this, and more! This is the only path that gov...

How does the Crypto community pay taxes? Welcome to CoinTracker

20 Sep 2022 4 minute read 0 comments davidcash888

A few weeks back, I was setting up to pay my taxes here in Canada and was looking for a solution to quantify my crypto investments and gains. Our features editor Joyce told me about an app called CoinTracker, and I started investigating. Through the...

Will the Ethereum Merge Create a Tax Liability? Well...maybe

5 Sep 2022 5 minute read 2 comments kev_nag

Introduction One question that should be on the minds of every holder of Ethereum is: Will there be any tax liability created as a result of the ‘merge’? However, the problem is that no one can give a definitive answer to the question until the ‘merg...