Tag Archives: IRS

[ad_2][ad_1] The Chilean tax payers must report their profits in cryptocurrency to the Cilean Internal Revenue Service (SII), reports of the Spanish media crypto Diario Bitcoin on January 17th. The SII decreed, in 2018, that digital currencies were not subject to value added tax (VAT), but should nevertheless be taken …

[ad_1] Pay your taxes on bitcoins … or anything else. At the end of last year, the Internal Revenue Service persuaded a federal judge to ask Coinbase, a portfolio and a digital currencies platform based in San Francisco, with about 20 million customers, to deliver customer information . Leading the …

[ad_1] The US Internal Revenue Service (IRS) has assembled a team of 10 investigators for international crime investigations and to find tax evaders using cryptocurrency, Bloomberg reports on Thursday 8 February. The head of the IRS Don Fort criminal investigation division said that the team will work with international crime …

[ad_1] Joe Colangelo is the founder and CEO of Boxcar, the "parking Airbnb". The following article is an exclusive contribution to the 2018 series of Crypto and Taxes by CoinDesk. Bitcoin has an extraordinary way of teaching people very quickly about the law of unintended consequences. A great example is …

[ad_2][ad_1] | To share | To share | To share | To share Blockchain technology and cryptocurrencies are natural partners, with decentralized control mechanisms and distributed models that emphasize secrecy as much as they offer privacy or security. For IRS, secrecy is a problem. More precisely, it is an opportunity …

[ad_2][ad_1] Caitlin Long, former president and president of Symbiont.io and a Wall Street veteran who has actively participated in the Bitcoin community since 2012, spoke of the current state of cryptocurrency and taxation regulation. Long, who is at the forefront of making Wyoming a friendly state for cryptocurrencies and startups …

[ad_1] The last two years have brought a lot of popularity to cryptocurrencies, and their awareness has grown as never before in the previous decade of their existence. Countless investors have begun to flood the encrypted market, and the value of coins has increased accordingly, which has only served to …

[ad_2][ad_1] With more people rushing into the cryptocurrency market by the end of 2017 and the subsequent market of the coming years in 2018, accounting involves a series of claims for cryptocurrency and Bitcoin tax returns next year. Record complaints in case of cryptocurrency taxes filing In a press release …

[ad_1] The IRS outlined reporting responsibilities for cryptocurrency users. Here are some tips to help you stay on the right side of tax. Think beyond sales: If you bought a cup of coffee from a merchant who accepts virtual currency, you must report it. "You can get cryptocurrency as a …

[ad_1] "Many people treat bitcoins as cash or equal to [mobile payment service] Apple Pay, "said Morin." If they exchange it with another cryptocurrency or use it at, for example, Overstock.com, they should compare the fair market value of that day with respect to their cost basis. They do not …