Parents, it’s time for ‘the talk’: Did your kid trade crypto in 2020?
Now is the time to look beyond your own income-producing activities and look to your children’s crypto as well. Go to Source Powered by WPeMatico
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Coinbase users can now report their crypto taxes using CoinTracker
Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before. Go to Source Powered by WPeMatico
US crypto firms invest in tax solutions as IRS updates reporting forms
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit. Go to Source Powered by WPeMatico
IRS to transition from ‘education to enforcement’, says former division chief
A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear Go to Source Powered by WPeMatico
Crypto taxes, reporting and tax audits in 2021
Just remember, the IRS is quite interested in crypto and is taking steps to unearth those who do not report. Go to Source Powered by WPeMatico
SEC vs. Ripple: A predictable but undesirable development
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. Go to Source Powered by WPeMatico
Tax justice for crypto users: The immediate and compelling need for an amnesty program
A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions. Go to Source Powered by WPeMatico
IRS tax form question leaves US crypto users confused and concerned
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year. Go to Source Powered by WPeMatico
Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury
The Biden team looks to Janet Yellen to lead the next administration’s economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. Go to Source Powered by WPeMatico
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan
The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been … Read more
