Crypto Taxes

As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.

By Jesse Hamilton

Oct 12, 2023 at 9:00 p.m. UTC

Oct 12, 2023

CoinbaseIRSCrypto Taxes

Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)

Finance

IRS Hopes to Have New Crypto Operating Plan in '12-ish' Months, Official Says

Julie Foerster, the agency's point person for cryptocurrency taxation, also stressed a need for working with the community at Consensus 2023.

By Glenn Williams

Apr 28, 2023 at 9:18 p.m. UTC

Apr 28, 2023

USIRSTaxCrypto TaxesConsensus 2023

Consensus Magazine

Opinion

Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead

Crypto traders can avoid paying capital gains taxes by reaping the benefits of one of the most generous deductions in the tax code.

By Adam Nash

Apr 17, 2023 at 9:34 p.m. UTC

Apr 17, 2023

OpiniontaxesCrypto TaxesCharity

(Dimitri Karastelev/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

New 1099-DA Reporting Creates More Headaches for Taxpayers

You might think new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.

By Kirk Phillips

Apr 13, 2023 at 4:59 p.m. UTC

Apr 13, 2023

OpiniontaxesCrypto TaxesAccountingIRSUS

Policy

Regulations

IRS Seeks to Tax NFTs Like Other Collectibles

NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts

By Jack Schickler

Mar 21, 2023 at 2:56 p.m. UTC

Mar 21, 2023

RegulationsCrypto TaxesNFTtaxesIRSUS

Layer 2

Tax week 2022

Crypto Users Want to Pay Taxes, but We Need Clearer Rules

The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.

By Richa Joshi

Nov 17, 2022 at 2:31 p.m. UTC

Nov 17, 2022

Tax Week 2022Crypto TaxesOpiniontaxes