Tag Archives: tax

[ad_2][ad_1] The Russian Finance Ministry has proposed new amendments to the country’s upcoming cryptocurrency law that could soften the requirements for cryptocurrency taxpayers, the RBK news agency reported Thursday. According to a package of bills, people must report their holdings if annual transactions exceed 600,000 Russian rubles (approximately $ 7,800). …

[ad_2][ad_1] The tax law firm of David W. Klasing, a California boutique tax firm, has issued a public statement warning investors that the US Internal Revenue Service is getting serious with Coinbase users. The company’s dual-licensed tax attorneys and capital indemnity specialists say they have been monitoring an increase in …

[ad_1] The head of the US Department of Justice, William Barr, has given them general clearance to investigate voting irregularities for federal prosecutors across the country. (It might interest you: Biden calls for the use of a mask and insists that “it’s not a political gesture”). Meanwhile, President Donald Trump …

[ad_2][ad_1] The Canadian Revenue Agency (CRA) asked Toronto’s Coinsquare coin exchange for the identity of each of its customers. The request was filed in a September filing with the Canadian federal court on the grounds that it needs the information to verify that Coinsquare customers are complying with their tax …

[ad_2][ad_1] The Canadian tax authority allegedly asked a federal court to force the Coinsquare cryptocurrency exchange to hand over information and certain documents about all of its users since early 2013. The Canadian cryptocurrency exchange has over 200,000 users. The Canadian Revenue Agency wants data on all Coinsquare users The …

[ad_2][ad_1] Anyone who wants to buy Bitcoin should know that the coins will be taxable. There are no exceptions to this rule and the IRS will pursue insolvent taxpayers. However, the IRS is one of the hardest federal bureaucracies to deal with. When it comes to cryptocurrency, it’s hard to …

[ad_2][ad_1] FIX: An earlier version of this post quoted the Russian news service Crypto.pro, reporting on Kazakhstan. For some reason, Russian news organizations mistook Kazakhstan for Kyrgyzstan. It is the latter country, not the former, that has proposed legislation that would see a 15% tax imposed on bitcoin mining companies. …

[ad_2][ad_1] A loophole in U.S. tax legislation could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from the cryptocurrency platform Coin Tracker. Traders, defined by the US tax agency’s Internal Revenue Service (IRS) as persons who operate substantially, regularly and continuously, …

[ad_2][ad_1] The Australian Tax Office (ATO) sent warning letters to investors who placed most of their savings in cryptocurrency. As part of an ATO effort to warn against high-risk retirement investment strategies, 18,000 self-managed fund owners (SMSFs), a type of privately owned retirement account, was said they would have to …

[ad_2][ad_1] The Romanian tax authority has amended the country's tax laws to force cryptocurrency traders to pay a ten percent income tax if they generate more than 600 Rumanians annually from their commercial operations, according to a local newspaper, Ziarul Financiar, on January 22, 2019. Romanian hodlers are now required …