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Could Crypto Tax Amnesty Be On The Horizon?

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.

IRS reminds taxpayers to report virtual currency transactions

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 streamlines access to Taxfyle for crypto capable tax prep

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 adds Litecoin (LTC) support to crypto tax software

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 adds bitcoin support to its tax software

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.

Aussie gov’t removes double-taxation of digital currency transactions

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.

Cryptocurrency PnL software Cointracker offers 10% discount with tax season due

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.

Blockchain infrastructure service Node40 launches cryptocurrency tax software

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 updates on IRS identity situation

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.

Digital asset tax coalition forms to address policy uncertainty

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.

IRS wants Coinbase to provide identities of U.S. clients

Originally reported by tech magazine Motherboard, it was announced that the Internal Revenue Service (IRS) has requested identities of all U.S. customers from San Francisco-headquartered bitcoin exchange Coinbase.
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