Taxes

US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies

The United States Internal Revenue Service (IRS) has prioritized issuing tax guidance on cryptocurrencies, according to a May 16 letter.…

IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014

The U.S. Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency’s commissioner told…

BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin

Cryptocurrency payment services firm BitPay has partnered with tax-related financial products company Refundo to enable people to get a portion…

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services…

Australian Tax Agency Goes After Cryptocurrency Traders in Exchange Data Push

Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part…

Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain

International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed…

5 Cryptocurrency Tax Questions to Ask on April 15th

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address…

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on…

Blockchain Adoption Is Not a Priority for Finance Executives, KPMG Poll Shows

Most tax and finance executives do not consider adopting blockchain technology, according to a recent survey conducted by Big Four…

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