Gamers (and their parents) can finally breathe a sigh of relief: Fortnite virtual currency is not taxable. If you’ve seen headlines suggesting that it is
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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 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 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.
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Taxes From A To Z (2018): K Is For Kin (Crypto)
It’s Taxes from A to Z. K is for Kin (Crypto).
Read MoreCoinbase Will Turn Over Court-Ordered Data
In the battle between the Internal Revenue Service (IRS) and Coinbase, a company which facilitates transactions of digital currencies like Bitcoin and Ethereum, Coinbase has announced that it has officially notified affected customers that it will comply with a court order.
Read MoreWhat You Need To Know About Crypto & Taxes
Cryptocurrency is riding high these days. But even as more investors are taking a chance on digital currency, many are still confused about how to treat it for federal income tax purposes. Here’s what you need to know
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Bitcoin Fork Could Trigger Tax Bills
Technology has changed the way that we think about money. Next month, the way we think about money may change again following a potential shift in the blockchain world and that could cause tax headaches for some users.
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