IRS

How Ambiguous Regulations Complicate Crypto Taxation

From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory…

21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

With the deadline for Americans to file their taxes days away, more than 20 U.S. lawmakers have again urged the…

How Crypto Is Taxed in the US: A Taxpayer’s Dilemma

Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments…

Canada Tax Agency Poses Probing Questions to Cryptocurrency Owners

The Canada Revenue Agency (CRA) has sent an extremely detailed questionnaire to citizens it believes to be in possession of…

Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies

Big Four auditing and professional services firm Ernst & Young EY) has launched a tool for accounting and preparing taxes…

TurboTax to Add New Section for Calculating Crypto Taxes

United States tax preparation software TurboTax Online has reportedly partnered with CoinsTax, LLC to offer cryptocurrency tax calculation to its…

McAfee to Lead 2020 Presidential Campaign ‘in Exile’ After Alleged IRS Indictment

United States entrepreneur and serial cryptocurrency advocate John McAfee has fled the country to conduct his 2020 presidential campaign, he…

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately…

FBI and Homeland Security Agents Raid Tech Campus Over Unauthorized Crypto Trading

U.S. federal law enforcement authorities are among the most active criminal agencies globally against cryptocurrency infractions. A new example of…

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