The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national tax authority to receive information from accounts and […]
While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major crypto exchanges. Also […]
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]
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Bitcoin cash (BCH) is now trading at $1,000 USD, returning the price to levels not seen since late March of this year. Analysts have attributed the BCH spike to after-tax-season liquidity, strong volume, and a passionate and active community supporting the project. Also read: Bitcoin Cash Gains Advance 4% Above BTC Bitcoin Cash Smashes Through $1,000 […]
The price of bitcoin (BTC) has dropped more than 25 percent in four days, and it looks headed for even worse territory as of this writing. Veterans have braced for its eventuality. However, there are many newly onboarded, and they’re only used to the world’s most popular cryptocurrency dipping slightly in an effort to rise […]
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Two politicians want to make bitcoin purchases below $600 not subject to tax laws. The lawmakers, Representatives David Schweikert and Jared Polis, who are also co-chairs of the Blockchain Caucus, hope to lesson the tax burden on cryptocurrency users. They are calling their bill the Cryptocurrency Tax Fairness Act. Also read: Grayscale’s Trust Contemplates Creating Another Entity for […]
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The IRS intends to lessen the amount of customer data it originally wanted to siphon from Coinbase. Ongoing negotiations between Coinbase and the IRS have yielded concessions on part of the IRS legal team. A trial attorney for the Department of Justice, Amy Matchison, recently said the IRS would narrow their specific data request from Coinbase. Also
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