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Crypto Taxes

Tax Talk With the IRS, Austin Convention Center: Unlock Stage, Austin, Texas, USA - 28 Apr 2023

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

Caution Taxes Ahead (Yunha Lee/CoinDesk)

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

CDCROP: Tax Preparation Prep Taxes (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

1040 U.S. Individual Income Tax Return form for fiscal year 2021 mockup

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

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CDCROP: Arrows one way, going your own way, against the grain crowd (Unsplash, modified by CoinDesk)

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

Finance

Irs

IRS Expands Key US Tax Language to Include NFTs

Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”

By Jesse Hamilton

Oct 18, 2022 at 11:37 p.m. UTC

Oct 18, 2022

IRSCrypto Taxescryptocurrenciestaxes

Policy

Regulations

Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report

Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.

By Sandali Handagama

Aug 26, 2022 at 10:10 a.m. UTC

Aug 26, 2022

regulationsJapanCrypto TaxesCapital GainsInvesting

Policy

Slovenia

Slovenia Unveils Plan for Flat Tax on Crypto Transactions

The rate would be just under 5%, according to the government.

By Jack Schickler

Apr 7, 2022 at 3:04 p.m. UTC

Apr 7, 2022

SloveniaTaxCrypto Taxes

Parliament House in New Delhi (Unsplash)

Policy

India

India Passes Stiff Crypto Tax Laws Despite Industry Uproar

Amendments sought by the crypto industry were not adopted.

By Amitoj Singh

Mar 25, 2022 at 11:37 a.m. UTC

Mar 25, 2022

IndiaTaxPolicyCrypto Taxes

Policy

India

Indian Crypto Industry Mulls Supreme Court Move as Tax Break Expectations Disappear

There's a glimmer of hope the government may reduce the 1% tax deducted at source.

By Amitoj Singh

Mar 22, 2022 at 11:04 a.m. UTC

Mar 22, 2022

IndiaCrypto TaxesRegulation