tax Archives | Page 3 of 4

Home

IRS: Taxpayers Not Authorized To Postpone Paying Tax Using Like-kind Exchange Principle

Crypto-focused transactions are not included in the tax exemption specifically for like-kind exchanges, as clarified by the US IRS. Officially announced by the US department, the like-kind exchange...

| Nov 16, 2019 11:05

U.S. IRS Wants To Know Your Crypto Ownership in Updated Income Tax Form

The U.S. Internal Revenue Services (IRS) has added a question about cryptocurrencies in its updated 1040 income tax form for the coming tax season. As per a draft of the “Additional Income and...

| Oct 15, 2019 15:01

UK Tax Department Required Transaction Details from Crypto Exchanges to Determine Tax Evaders

Her Majesty’s Revenue & Customs (HMRC) – the tax, payments and customs of the UK – has reportedly required crypto-related businesses to grant them access to clients’ transaction...

| Aug 08, 2019 03:29

Blockchain Trade Platform in Chinese Central Bank Processed Over 30 Billion Yen

The blockchain trade finance solution of Chinese central bank has recently processed over 30 billion yen ($4.36 billion) in foreign exchange transactions. According to a local finance news outlet...

| Jul 10, 2019 03:18

US Tax Authority Makes Issuing Cryptocurrency Guidance a Priority

The US Internal Revenue Service (IRS) has recently issued a letter, claiming that drafting the tax guidance for crypto-related activities has been made its top priority. Specifically, the letter...

| May 23, 2019 04:15

TurboTax Grows Crypto Tax Filing Ability by Integrating CryptoTrader.Tax

Tax filing software portal TurboTax now offers support for cryptocurrency-related tax filings. Missouri-based crypto-centric tax software firm CryptoTrader.Tax announced in a press release (Apr 4)...

| Apr 09, 2019 04:45

Two Businesses in Ohio Use Bitcoin to Pay Taxes

After Ohio became the first US state to accept corporate taxes through cryptocurrency, so far two companies have paid their taxes via Bitcoin. The revelation was made by state Treasurer Robert Sprague...

| Feb 26, 2019 04:13

Proposal Begins for New Hampshire to Allow Crypto Payments to State

Lawmakers in New Hampshire have filed a bill that will, if passed, allow people to make payments to the state’s agencies in crypto, including for their taxes. Filed (Jan 3) by Republican state...

| Jan 28, 2019 10:39

Chileans Start Filing Crypto under Income Tax Returns

Chile’s Internal Revenue Service, Servicio de Impuestos Internos (SII), has for the first ever time from this year included a section on cryptocurrencies in its income tax returns form for citizens....

| Jan 22, 2019 08:03

Owning Bitcoin to get Harder in South Africa?

The South African Reserve Bank (SARB) has published a consultation paper on working toward policy proposals for crypto assets in the country. Assessing South Africa’s own crypto landscape, the paper...

| Jan 20, 2019 08:55