Tax firm Credit Karma reported that less than 1 in 250 users reported cryptocurrency gains or losses on their tax forms.
A partnership finds two India-based startups seeking to provide tools to crypto users who may need to report gains and losses on their 2018 taxes.
There has been no new cryptocurrency tax guidance from the IRS since 2014. Consequently, few investors fully understand how to treat 2017 gains.
The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.
From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated.
The prudent individual or business must keep up with regulation and develop a process to organize data related to trading cryptocurrency. Here's how.
Arizona's crypto tax bill is still moving forward, despite seeming to have stalled in the Senate last month.
Most individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution.
The move comes after the Spanish finance ministry called the use of cryptocurrencies in organized crime a "pressing challenge."
The MFSA issued a warning against Stocksbtc, denying claims that the startup is registered with the regulator and based in Malta.