Tax&Crypto: Expert Blog
Despite the amnesty program for crypto investors is on its way, owners of offshore accounts can use a back door. #EXPERT_BLOG Go to Source Powered by WPeMatico
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Your Taxes Paid for a Lot of Blockchain Surveillance Last Year
Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the Bitcoin Core blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities. Also read: South Korean Exchange … Read more
Crypto Tax Tips To Start 2018 Right
You think you don’t have to declare taxes on crypto? IRS might have a different opinion. #NEW YEAR SPECIAL Go to Source Powered by WPeMatico
Trump’s New Tax Bill Means Changes Ahead for U.S. Bitcoiners
It has been 31 years since the United States addressed its labyrinthine tax structure. The 115th Congress passed a bill slicing seven income brackets on individuals to four, tweaking them mostly downward and slightly, lessening the corporate tax, and increasing deductions here while limiting others there. For bitcoiners, An Act to provide for reconciliation pursuant … Read more
Are Bitcoin Tax Records Ever Optional With IRS? Expert Blog
Since purchases made with cryptocurrency are dispositions, you better keep a record of dates, amounts and details of those dispositions too. Expert Robert Wood explains why. #EXPERT BLOG Go to Source Powered by WPeMatico
Bitcoin Crashes! Bitcoin’s Dead! Bitcoin’s Over! A Brief History
The price of bitcoin core (BTC) has dropped more than 25 percent in four days, and it looks headed for even worse territories as of this writing. Veterans have braced for its eventuality. However, there are many newly onboarded, and they’re only used to the world’s most popular cryptocurrency dipping slightly in an effort to … Read more
Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore
Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to … Read more
