Tax

IRS right to tax mined digital currency as income under consideration in federal court
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1 June, 2021

IRS right to tax mined digital currency as income under consideration in federal court

The court heard arguments from a Tennessee couple who were charged tax on the creation of 8,876 units of Tezos...
US proposals could require reporting digital currency transactions over $10K to IRS
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24 May, 2021

US proposals could require reporting digital currency transactions over $10K to IRS

New proposals being brought forward by the U.S. Treasury Department could see a new requirement to report digital currency transactions...
Tom Emmer seeks ‘safe harbor’ for taxpayers holding forked assets
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20 May, 2021

Tom Emmer seeks ‘safe harbor’ for taxpayers holding forked assets

The Safe Harbor for Taxpayers with Forked Assets Act seeks to protect taxpayers that own forked assets from any penalties...
IRS: We will seize digital assets for taxes owed
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19 May, 2021

IRS: We will seize digital assets for taxes owed

The IRS says it is improving its ability to track users' digital asset holdings and even seize those assets if...
How Abendum’s triple entry accounting is disrupting the auditing industry
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17 May, 2021

How Abendum’s triple entry accounting is disrupting the auditing industry

Abendum has created a solution that increases efficiency across the board in the accounting industry, especially in the auditing process.
Hungary considers digital currency investor tax cut for COVID stimulus
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15 May, 2021

Hungary considers digital currency investor tax cut for COVID stimulus

Authorities in Hungary are weighing proposals which would slash the applicable rate of tax on digital currency gains down from...
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