Cryptocurrency taxes have been a bit of a gray area over the past few years. Many virtual currency investors didn’t know how to report their coin trades on their individual tax returns, and many more didn’t know that crypto income had to be reported at all.
The Internal Revenue Service today reminded taxpayers that income from virtual currency transactions is reportable on their income tax returns. Virtual currency transactions are taxable by law just like transactions in any other property.
Ethos, the cryptocurrency services company and blockchain ecosystem announced this week they have partnered with on-demand tax service application Taxfyle to offer cryptocurrency holders a viable tax preparation option.
NODE40, the blockchain tech company bringing best-in-class tax compliance to American cryptocurrency users, has launched Litecoin support on its popular Software as a Service (SaaS) offering, NODE40 Balance.
Node40, the blockchain tech company which offers Software as a Service (SaaS) for tax compliance to American cryptocurrency users, has now launched bitcoin support on its popular Node40 Balance solution.
Australia’s digital currency and blockchain sector together with the Australian Digital Currency & Commerce Association (ADCCA) today welcomed the Australian Government’s Budget announcement last night that the double-taxation of digital currency payments will be removed from July 1st, 2017.
Cointracker, a Munich-based company providing a profit and loss portfolio monitor for bitcoins and all digital currency today informed of a new promotion with tax season coming.
Node40, a blockchain infrastructure hosting service, has launched a software product that allows every single American to properly report their digital currency gains to the IRS.
Digital currency exchange Coinbase today provided an update on their situation with the IRS. Back in November, the IRS summoned Coinbase to provide the identity of all US-based clients doing business on the exchange.
The Chamber of Digital Commerce and international law firm Steptoe & Johnson LLP today announced the formation of the Digital Assets Tax Policy Coalition, a Washington, DC-based coalition created to help develop effective and efficient tax policies for the growing virtual currency markets.