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,
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Ask 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
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IRS 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 MoreIRS Issues First Guidance On Cryptocurrency In Five Years
The Internal Revenue Service (IRS) has issued new guidance for taxpayers who engage in transactions involving virtual currency, including cryptocurrency. The new guidance, which is
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
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Ohio 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.
Read MoreCrypto, S Corps On List Of IRS Compliance Campaigns
The Large Business and International of the Internal Revenue Service (IRS) has announced five additional compliance campaigns. The campaigns target AMT credits carryforwards, S corporation distributions, virtual currency, certain re-orgs, and transition tax.
Read MoreMore Tax Guidance Is Needed On Cryptocurrency
As cryptocurrency continues to grow and evolve, more tax guidance is needed, not only to clarify questions from the IRS’ initial notice but also to address unexpected events like forks and splits.
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