Bitcoin Forks and Livestock Law? Tax Day 2018 Is a Different Animal U.S. income tax treatment of forks is unclear. A conservative approach would be to treat the receipt of new cryptocurrency as taxable ordinary income.… Read More
Five Steps to Stress-Free Crypto Tax Accounting The prudent individual or business must keep up with regulation and develop a process to organize data related to trading cryptocurrency. Here’s how.… Read More
Arizona’s Crypto Tax Payments Bill Is Being Revamped Arizona’s crypto tax bill is still moving forward, despite seeming to have stalled in the Senate last month.… Read More
How to Mount a Tax Defense for Unreported Crypto Income Most individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution.… Read More
Spain’s Tax Authorities Seek Crypto User Names and Bank Accounts The move comes after the Spanish finance ministry called the use of cryptocurrencies in organized crime a “pressing challenge.”… Read More
Malta Finance Regulator Warns Against Crypto Margin Trading Site The MFSA issued a warning against Stocksbtc, denying claims that the startup is registered with the regulator and based in Malta. … Read More
US Crypto Tax Policy Isn’t Just Crazy, It’s Cruel There is something extraordinarily cruel, crazy even, in the IRS’s approach of treating virtual currencies as property for tax purposes. … Read More
What the Taxman Can Learn from Crypto Cryptocurrency reminds us that tax and other rules need to be fluid, as inaction or inappropriate responses can halt or slow technological advances.… Read More
Don’t Forget the ‘Other’ Cryptocurrency Tax If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.… Read More
How Active Crypto Traders Can Save on US Taxes Active crypto traders can qualify for trader tax status (TTS) to deduct business and home-office expenses. And there might be an additional benefit.… Read More