IRS

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IRS memo and recent updates to tax returns shows the growing adoption

31 Aug 2020 1 minute read 0 comments CryptoTapas.com

If the tax authorities are looking to claw-back on an income source that is one of the indicators of 'adoption'. IRS has released a memo on Friday (Aug 28) to clarify that the crypto earned from microtasks is taxable income. Microtasks could include...

23.08.2020 - Another day into Cryptoverse

22 Aug 2020 3 minute read 1 comment Heruvim78

  Getzen faucet introduced 4 tiers of refferals, and it is doing that retroactively, so, if you have account on the platform, check this good news, if not, may be it is the time to do it. They offer decent amounts of Horizen (ZEN) and the Sphere wal...

US Internal Revenue Service seeks tools to track anonymous cryptocurrencies

3 Jul 2020 1 minute read 0 comments Kluma

The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include software for analyzing private coins and second-level protocols...

Coinbase Reportedly Looking at Selling Analytics Tools to IRS and DEA

9 Jun 2020 1 minute read 3 comments author_nan

On June 5, media outlet The Block reported that it had obtained records that showed US-based exchange Coinbase was in talks with the Internal Revenue Service (IRA) and Drug Enforcement Agency (DEA) to license its blockchain analytics software. These...

Tax season is upon us - don't forget about the FinCen FBAR!

15 Feb 2020 4 minute read 1 comment monkeybusiness

To start, let me disclose that I am not a financial advisor, tax advisor, or an accountant.  I am just a regular guy working an 8 to 5 job that also likes to trade cryptocurrencies on the side while staying on the right side of the law. The law, the...

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...

Curate Bitcoin 10/12/2019 by dobobs

12 Oct 2019 6 minute read 0 comments dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Current Market Pr...

Curate Bitcoin 10/10/2019 by dobobs

10 Oct 2019 5 minute read 0 comments dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Current Market Pr...

The IRS Is Coming For You... Switch To Privacy Coins Before It's Too Late!!

9 Oct 2019 2 minute read 5 comments SwapTok.com

When will the theft-by-taxation of the U.S. government ever end? Apparently,  not anytime soon, according to today's new guidance released by the IRS. The notice released today October 9, 2019 adds to Notice 2014-21, which sets "general principles of...

How IRS’ New Guidance Affects Cryptocurrency Owners

9 Oct 2019 1 minute read 2 comments Cryptos.com

As digital currencies and virtual assets get more attention from international financial and legal regulators, the IRS tries to keep up by updating its 2014 policy, which categorized cryptocurrencies as ‘property’ and not as any kind of currency. Now...