IRS clarifies digital currency tax form instructions
The IRS has released revised draft instructions that clarify the virtual currency question that they added to the 1040 tax form.
Latest tax News
India proposes 18% tax on digital currency trading
The central government believes that the industry could provide up to $1 billion worth of taxes once the taxes are imposed, according to reports.
Israeli tax agency sending letters to digital currency owners
The Tax Authority has been reportedly sending inquiries to local and global exchanges, pressuring them to divulge information about Israeli digital currency owners.
Digital currency evolves in the eyes of IRS
The days of digital currency being used in unmarked trades that result in profit or loss are over–and that’s not a bad thing, Patrick Thompson writes.
Putin signs order requiring Russia officials to report digital currency holdings
Public officials in Russia must include digital currencies owned by their spouses and children, and must report by June 30, 2021.
India wants to tax digital currency earnings: report
The government’s tax agency is reportedly monitoring the industry, seeking to impose as much as 30% tax on digital currency earnings.
South Korea approves digital currency tax delay
The South Korean Strategy and Finance Committee has approved an amendment that delays South Korea's digital currency tax plan until January 2022.
OECD to introduce digital currency tax standards in 2021
The Organization for Economic Cooperation and Development is reportedly eyeing an international digital currency standards by 2021.
Coinbase cancels margin trading, updates tax form
Coinbase has disabled its margin trading service, and is also switching out the tax form they send to their users come tax season.
South Korea to delay digital currency tax law until January 2022
Digital currency holders in South Korea have been granted an extra three months before a new taxation rule is implemented.
IRS wrongfully sending digital currency tax warnings
The IRS has wrongfully began sending digital currency traders CP2000 notices in regarding to their reported earnings from digital currrency trading.
IRS weighing trade-offs as it drafts digital currency tax rules
The Internal Revenue Service has been considering different approaches to digital currency taxation, a federal official has revealed.