taxes 2020


Opinion

The Automatic Tax Man Cometh

Crypto won’t save you from taxes, but it may eventually make them easier to pay, says futurist Dan Jeffries. This piece is part of CoinDesk's Tax Week.

Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)

Layer 2

The 7 Types of Crypto Tax Nightmares

Meet the yoga instructors, limo drivers and real estate agents who've been to hell and back. This piece is part of CoinDesk's Tax Week.

Dollar Bills, a Calculator, and a BTC Piggy Bank Inside a Kettle

Policy

The UK’s Tax Collector Is Sending Crypto Investors ‘Nudge’ Letters: Report

The letters are meant to be “educational” and do not necessarily mean a recipient is at fault.

HMRC

Markets

IRS Sued by Ex-Coinbase User Over Seizure of Financial Records

Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.

IRS Lawsuit

Policy

IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: Watchdog

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

The IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)

Policy

Crypto Taxes: Still Confused After All These Years

Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.

IRS form 1040, modified by CoinDesk using PhotoMosh

Policy

Hodlers Can Donate Crypto to Charity to Minimize Tax Payments

Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.

Individuals who donate their cryptocurrencies instead of exchanging for fiat or another crypto may not owe any taxes on those transactions. (SJ Baren/Unsplash)

Policy

Even the IRS Admits Some Crypto Tax Regulations Are 'Not Ideal'

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

The IRS plans to publish additional guidance around cryptocurrencies, with the next document addressing information reporting. (Shutterstock, modified by CoinDesk using PhotoMosh)

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