Tax pros in the cryptocurrency space are applying a hodgepodge of rules that historically have been applied to stocks, bonds and various other assets.
Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.
The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey…
There are several reasons to discount the contribution of tax-related selling to the Q1 bear market – and thus the chances of a post-April 17…
The spreadsheet got more and more complicated, until one day it took two minutes to load.
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.