Sep
30
Does the IRS tax cryptocurrency? Yes, they DO. And if you trade in cryptocurrency, don’t lie to the IRS about it–or ignore their communication with you regarding such cryptocurrency issues. That’s the latest word from a variety of sources including the Internal Revenue Service itself, which reminds traders, “Virtual currency transactions are taxable by law […]
Jul
15
What is the relationship between cryptocurrencies like Bitcoin and the IRS? I remember starting out as a freelance writer and not understanding how certain tax requirements applied to me–I missed out on thousands of dollars in business-related tax write-offs because I was ignorant of the rules. The same kinds of problems are possible with cryptocurrency–if […]
Dec
5
To earn revenue from the growing cryptocurrency market, more policymakers have opted to boost taxes. They exploited legislation to drive their tax policies. Governments ‘ revenue agencies use various methods to collect taxes. Their tax collection system relies on their jurisdiction’s tax laws. The tax laws of one’s nation can boost an individual’s ability to […]
Nov
13
Despite the seemingly slow pace of regulations being made in response to what can be confidently described as a financial revolution, almost a quarter of the world has intact began working on policies relating to cryptocurrencies. Inevitably, taxation is a leading influence on policies in many of said regions. A growing number of countries require […]
Oct
28
While the cryptocurrency markets recently picked up, downward pressure can still be felt, with losses being experienced by many. Filing taxes adds to the heat of the markets. Many investors in cryptocurrencies will have to claim capital losses to reduce their tax bill.
