Latest Posts with Tax tag

Tax

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Will Bernie RUIN the Economy? | A Market Overview under a Biden Presidency

4 Feb 2021 1 minute read 0 comments BudgetHolics

In this video I go over some, in my view, key economic policies that will affect the economic environment of the coming years. Namely, Environmental Policies, Taxation, and Healthcare. The Biden administration seems to be prioritizing the narrowing...

The REAL Crypto Trilemma: Crypto, Taxes, and You

2 Feb 2021 5 minute read 1 comment Michael @ CryptoEQ

If you have already filed your 2020 individual tax returns, you probably noticed a question about Cryptocurrency. You may have already taken the deep dive into this topic and if so, I hope you still learn something from this. If you have more questio...

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...

Why do you need a crypto tax calculator?

26 Dec 2020 1 minute read 0 comments Cryptotexty

I just read an article about the crypto tax calculator. The author of the article helped his Australian friend to buy some cryptocurrencies, particularly Cardano and Ripple.  While some people live in one of a handful of jurisdictions where capital g...

Steve Mnuchin Tanks Coinbase IPO? (How to Get Around US Wallet Regulations)

18 Dec 2020 3 minute read 4 comments AlucardLife

US Treasury Secretary Steve Mnuchin is set to impose useless, ridiculous regulation aimed at self-hosted wallets. But since he can't really regulate the apps you put on your computer, he has to do it through the exchanges. What the regulation really...

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...

!Oh no!! Bitcoin tax!

12 Nov 2020 1 minute read 5 comments richardquo

In the country of taxes, cryptocurrencies cannot be exempt. The deputies of both largest political parties (Frente de Todos, and Juntos por el Cambio), carry out a bill that will try to regulate the purchase and sale of crypto assets. On the side of...

Taxing investments in Europe 🇪🇺 A great Idea ?

10 Nov 2020 2 minute read 0 comments Ykretz

To be able to repay loans, due to the Coronavirus Crisis, European countries are looking for new ways to increase their budget to not be forced to remove funds (again) to other needed priorities like Health or education. Every 7 year, the European Un...

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...