taxes


Finance

Crypto Tax and Accounting Platform Bitwave Raises $7.25M

Blockchain Capital led the firm's seed round as VC bets on crypto tax plays pick up steam.

Bitwave CEO Pat White

Finance

TaxBit Raises $130M Series B at $1.33B Valuation

It's the second major funding round for the tax software firm this year.

Left to right: TaxBit co-founders Justin and Austin Woodward

Markets

There’s Still Time to Fix Congress’s Crypto-Tax Mess

The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.

Senator Rob Portman (R-Ohio), author of a cryptocurrency tax reporting provision that has stoked intense backlash from privacy and free speech advocates. Portman has clarified before Congress that the measure is not intended to impact miners or other "non-brokers."

Markets

2 Senators Propose Exemptions to Crypto Tax Reporting Required by US Infrastructure Bill

The amendment is a compromise between two previously proposed amendments.

Sen. Mark Warner (D-Va.)

Policy

Senate's Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

The Senate voted on its infrastructure bill on Sunday.

Markets

Spanish High Court Authorizes Extradition of John McAfee to the US: Report

The software magnate was arrested in October in Barcelona.

John McAfee

Policy

4 Crypto Tax Tips to Get You Through Market Dips

Harvesting your crypto losses during a dip generates greater tax savings than hodling, says a crypto tax expert.

IRS 1040 2020

Policy

Emmer, Congressional Blockchain Group Ask IRS to Revise Guidance on Charitable Crypto Donations

The lawmakers say the amount of a donation should depend on free market value, not an appraiser’s determination.

Rep. Tom Emmer

Markets

Denmark's Century-Old Tax Code to Get Crypto Facelift: Report

The ministry cites a risk of fraud and an increased number of tax filing errors as the catalyst for cracking down on crypto tax evasion.

Christiansborg, palace and government building, the seat of parliament, in central Copenhagen, capital of Denmark.

Markets

South Korea Plans to Tax Overseas Crypto Assets Starting in 2022: Report

Koreans will be required to pay tax when balances held with foreign virtual-asset businesses exceed 500 million won ($450,000).

Korean won