Latest Posts with Crypto taxes tag

Crypto taxes

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IRS exempts Fortnite's in-game virtual currency from taxes, calls it an ERROR

14 Feb 2020 1 minute read 0 comments CryptoTapas.com

IRS has quietly deleted the 'inclusion of in-game virtual currency' from the purview of taxes.   "It was corrected and that was done quickly — as soon as it was brought to our attention," Desmond said, according to Bloomberg's report. According to th...

South Korea evaluates the possibility of taxing cryptocurrencies with a fixed rate of 20%

21 Jan 2020 2 minute read 0 comments Roberto D.

This was reported by the news site The Korea Times, with an article published today; According to reports from the local information body in English, therefore, the Ministry of Economy and Finance of South Korea is considering the possibility of impo...

New Hampshire withdraws the bill that would allow bitcoin taxes to be paid to taxpayers residing in the state

21 Jan 2020 1 minute read 0 comments Roberto D.

The decision came on January 8th, the New Hampshire House of Representatives decided to withdraw the bill that would allow taxpayers to pay taxes in bitcoin; a proposal by the executive committee, which deemed this eventuality as inappropriate due to...

Crypto Tax regulations: South Korea plans to cut off 20% in the crypto gains.

20 Jan 2020 1 minute read 0 comments alberdioni8406

It's favourable for the Governments to adopt rules to tax crypto profits and benefit from the crypto market, Cryptocurrency is here to stay and no reason to ignore it.  Some Governments around the Globe, specially the ones who have intentions to ado...

Cryptocurrency taxes, the US case

19 Dec 2019 3 minute read 1 comment Roberto D.

Tax payment has always been a thorny issue when it comes to cryptocurrency trading; the reason, contrary to what the media coverage claims, is not that cryptocurrency traders are all evaders criminals who refuse to pay the tax due but, more simply, t...

Cryptocurrency and Taxation Policies: Decoding the Confusion

14 Dec 2019 3 minute read 2 comments MintDice.com

The popularity of Bitcoin and other cryptocurrencies are on the rise. With each passing day, more and more people are embracing the concept of digital coins, which is good for the overall growth of the cryptocurrency industry. However, wider adoption...

5 Must Have Cryptocurrency Asset Management Tools for Everyday Use

2 Dec 2019 13 minute read 5 comments Abhijoy Sarkar

As we head towards the close of 2019, Rohit and I recently sat down to discuss the year that has been for cryptocurrencies and what it has meant for the industry in general. A major trend this year has been the emergence of new financing avenues thro...

What exactly does the IRS’ new crypto guidance mean?

25 Nov 2019 4 minute read 6 comments Robin Singh

What exactly does the IRS’ new crypto guidance mean?  Earlier this month, the Internal Revenue Service (IRS) released new tax guidance that expands upon its previous 2014 notice. This fresh update brings us new details on hard forks, among other thin...

Cryptocurrency Taxes: What You Need to Know

14 Sep 2019 5 minute read 1 comment MintDice.com

Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset c...

IRS Sends Second Round of Crypto Tax Letters to Investors

17 Aug 2019 3 minute read 1 comment Bitcoin Mafia

The IRS is sending out another round of letters to cryptocurrency investors – this time telling them that their tax returns do not match records given by crypto exchanges. April 15th may be a few months in the rearview mirror, but that does not mea...