Bitcoin investor ordered to hand over crypto keys in landmark tax case
A Texas federal court judge ordered Frank Richard Ahlgren III and any associates to hand over any crypto public and private keys, accounts and access codes. Go to Source
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‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly. Go to Source Powered by WPeMatico
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association … Read more
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 provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto. Also read: How to Create a Bitcoin Cash Wallet With … Read more
331 High-Income Traders Declared Crypto Profits in Japan
The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance … Read more
