Taxation

Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool

Accounting advisor CPA.com and cryptocurrency accounting automation startup Lukka partnered to jointly launch a crypto asset tax preparation tool. CPA.com…

If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning

After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own…

Missouri Firm Launches New Software For Reporting Crypto Taxes

Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. As the 2019 tax year comes to…

IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions

The like-kind exchange tax exemption is not applicable to cryptocurrency transactions, according to the United States Internal Revenue Service (IRS). …

Her Majesty the Queen Rules Out Crypto as Currency

Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s…

New IRS Tax Guidance Targets Crypto, and US Persons Who Use It

On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked…

New IRS Guidance: How to Report Crypto Assets Accurately

The United States Internal Revenue Service (IRS) is continuing to focus its efforts in cryptocurrency. After sending a recent enforcement…

Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently…

Tax Guide: What Crypto Owners Should Know

With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to…

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