taxes


Markets

The IRS Is Inviting Crypto Firms to a 'Summit' in DC Next Month

The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month.

IRS 89

Policy

IRS Refused to Clarify Its Crypto Tax Guidance Isn't Binding, US Watchdog Says

The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.

IRS Commissioner Charles Rettig (Image via U.S. Treasury Department / Wikimedia Commons)

Markets

DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?

Nobody likes taxes but for U.S.-based blockchain users things can be particularly awful. This week we discuss U.S. tax treatment of "virtual currencies" and how scams find a home wherever opportunity exists, at least for a while.

LTB 426 front page

Policy

How Blockchain Will Track Taxes (and Tax Cheats)

The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes.

Image via ShutterStock

Policy

New Hampshire Lawmakers Vote Down Crypto Tax Bill

New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments.

New Hampshire State House image via Shutterstock

Markets

US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance.

Rep. Tom Emmer

Finance

'TurboTax' for Crypto: Accounting Firm Lukka Debuts Tax Tool for Retail Investors

Lukka, one of the first accounting firms for digital assets, is offering tax preparation services to retail crypto investors starting on Jan. 15.

Lukka CEO Jake Benson image via CoinDesk archives

Markets

US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records

A federal judge denied a bitcoin user's petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange.

(Shutterstock)

Policy

Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)

A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed.

Verkhovna Rada building in Kyiv, Ukraine

Markets

New IRS Warning Letters Target Crypto Investors Who Misreported Trades

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.

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