taxes

taxes

Markets

Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.

IRSMosh2

Markets

IRS Again Warns Crypto Investors They Under-Reported Gains

For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But it may be a false alarm again.

MOSHED-2020-7-13-19-5-50

Policy

PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers

PayPal opening its network to cryptocurrencies could create a serious tax headache for users.

taxesss

Finance

Coinbase Reportedly Warns Some UK Users It's Handing Their Details to the Taxman

U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority.

HMRC_Self_Assessment_tax_return

Policy

US Lawmakers Don't Want Proof-of-Stake Networks to Get Overtaxed

Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.

Rep. David Schweikert of Arizona and other members of the Congressional Blockchain Caucus are asking the IRS to ensure “tax policy does not indirectly dissuade U.S. taxpayers from participating” in crypto staking networks. (Gage Skidmore/Flickr)

Policy

Crypto Taxes: Still Confused After All These Years

Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.

IRS form 1040, modified by CoinDesk using PhotoMosh

Policy

Swiss Government Makes Moves to Encourage Crypto Businesses

The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses.

Swiss parliament building (Shutterstock)

Markets

IRS Solicits Contractors to Help Examine Crypto Traders' Tax Returns

The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."

irs (1)

Markets

Singapore Won't Tax Airdrops or Hard Forks Under New Crypto Guidance

Singapore’s tax authority has clarified how it taxes the transaction of payment, utility and security tokens.

IRAS asked bitcoin accepting contractors to calculate their tax burden using Coinbase and Binance’s exchange rates. (Image: Wikimedia Commons)

Markets

BitGo Cements Hold on Institutional Market With Lumina Acquisition

BitGo is expanding aggressively out of its core custodial business, announcing Thursday it acquired Lumina to build a tax service.

BitGo CEO Mike Belshe