Short-term investor loses increase in 2018
Recent filings to the Internal Revenue Service indicate that short term crypto investors are having a harder time than long-term ones.
Latest Internal Revenue Service News
IRS takes 5 years to respond to Bitcoin FOIA request
After taking as long as they could, the IRS has finally provided a reporter with documents about their Bitcoin policies from 2014.
McAfee to run 2020 bid from international waters after IRS ‘exile’
Eccentric entrepreneur and famous crypto enthusiast John McAfee has fled the United States after being indicted by the Internal Revenue Service (IRS), as he prepares his run for U.S. presidency in 2020.
US spent millions attempting to track crypto users: report
A new report showed that the US government has spent a total of $5.7 million on contractors to conduct blockchain analysis and track the origins of cryptocurrency transactions.
US lawmakers want IRS to clarify guidelines on crypto tax
Five legislators in the United States have sent an open letter to the Internal Revenue Service (IRS), urging the tax agency to update its cryptocurrency tax guidelines.
Expect more price falls as tax deadline looms for US crypto owners
As if the situation was not bad enough for cryptocurrency owners, further pressure on prices looms in the form of the April 15 tax deadline in the United States.
Digital currency is taxable, IRS reminds taxpayers
The U.S. Internal Revenue Service has warned taxpayers about incurring penalties should they fail to report their cryptocurrency-related incomes.
Coinbase introduces tax tool for cryptocurrency earnings
Coinbase has also provided a step-by-step guide to calculate cryptocurrency-related taxes with the tool, simplifying the often cumbersome and laborious procedure.
CFTC, SEC, IRS clash over what cryptocurrencies are
CFTC case ruling incites a tug-of-war on who has jurisdiction over cryptocurrencies.
No extra tax for crypto: Germany treats digital coins as legal tender
The German Finance Ministry announced cryptocurrency will be treated like legal tender when used as a payment method.
The next big headache for investors? Taxes on your cryptocurrency
Many investors holding cryptocurrencies have seen massive gains, some becoming overnight millionaires. But now comes the less fun part: paying taxes.
The crypto tax conundrum: Pay taxes in crypto, pay more taxes
There is a sticky element that needs to be defined in clearer terms, or paying taxes with cryptocurrency could result in having to pay even more taxes.