Form 1040 may look similar to last year’s return, but there’s one key difference that’s attracting attention: a question about cryptocurrency. As I reported late last
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IRS Clarifies Tax Treatment For Virtual Currency Charitable Donations
Looking to reduce your taxable income with a donation of virtual currency to charity? The Internal Revenue Service (IRS) has issued guidance for donors (and
Read MoreCourt Taps Brakes On IRS Attempt To Access Bitstamp Customer Data
It’s deja vu all over again as the Internal Revenue Service (IRS) is seeking to access customer data from Bitstamp. As with the Coinbase case,
Read MoreAsk The Taxgirl: Paying Taxes On Bitcoin Transactions
Taxpayer asks: I paid short term and long term capital gains on my Bitcoin when I moved it from Coinbase into my hardwallet. Do you
Read MoreOhio Halts Crypto Tax Payment Program
Last year, Ohio made news as the first state in the nation to accept tax payments using cryptocurrency. Less than a year later, the program
Read MoreIRS-CI Chased Darknet Bitcoin Transactions To Take Down The Largest Child Exploitation Site On The Web
The largest dark web child pornography site in the world has been taken down. That was the word today from the U.S. Attorney’s Office for
Read MoreIRS Adds Cryptocurrency Question To Form 1040
Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced
Read MoreTax Authorities In Portugal: Buying Or Selling Cryptocurrency Is Tax-Free
The United States may be taking a hard line on cryptocurrency, but not all countries are seeking to collect from the virtual currency boom. The
Read MoreIRS Warns More Than 10,000 Taxpayers Who Might Have Failed To Report Cryptocurrency Income
Taxpayers who deal – or even dabble – in virtual currency may be on the receiving end of a letter from the Internal Revenue Service
Read MoreOhio Will Allow Taxpayers To Pay Using Cryptocurrency
With the launch of OhioCrypto.com, Ohio will become the first state in the nation to accept tax payments using cryptocurrency.
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