Tax


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Making the Most of Crypto Mining Tax Breaks

From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated.

Cryptocurrency mining farm. Credit: Shutterstock

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Bitcoin Forks and Livestock Law? Tax Day 2018 Is a Different Animal

U.S. income tax treatment of forks is unclear. A conservative approach would be to treat the receipt of new cryptocurrency as taxable ordinary income.

cow, animals

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5 Steps to Stress-Free Crypto Tax Accounting

The prudent individual or business must keep up with regulation and develop a process to organize data related to trading cryptocurrency. Here's how.

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Arizona's Crypto Tax Payments Bill Is Being Revamped

Arizona's crypto tax bill is still moving forward, despite seeming to have stalled in the Senate last month.

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How to Mount a Tax Defense for Unreported Crypto Income

Most individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution.

calculator

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Spain's Tax Authorities Seek Crypto User Names and Bank Accounts

The move comes after the Spanish finance ministry called the use of cryptocurrencies in organized crime a "pressing challenge."

spain, bank, money

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Malta Finance Regulator Warns Against Crypto Margin Trading Site

The MFSA issued a warning against Stocksbtc, denying claims that the startup is registered with the regulator and based in Malta.

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US Crypto Tax Policy Isn't Just Crazy, It's Cruel

There is something extraordinarily cruel, crazy even, in the IRS’s approach of treating virtual currencies as property for tax purposes.

bitcoin, dollars

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What the Taxman Can Learn from Crypto

Cryptocurrency reminds us that tax and other rules need to be fluid, as inaction or inappropriate responses can halt or slow technological advances.

math, blackboard

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Don't Forget the 'Other' Cryptocurrency Tax

If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.

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