Browsing the "Taxes" Tag

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New IRS Warning Letters Target Crypto Investors Who Misreported Trades

| Nikhilesh De

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

| Nikhilesh De

Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.

IRS Says It’s Sending Warning Letters to US Cryptocurrency Owners

| Stan Higgins

The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.

California CPAs Push for Crypto Accounting Clarity

| Daniel Kuhn

Accountants want to fill gaps in the U.S. GAAP when it comes to cryptocurrencies.

IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014

| John Biggs

The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency's commissioner told a lawmaker Monday.

Coinbase Integrates TurboTax to Help US Clients File Crypto Taxes

| Nikhilesh De

TurboTax is partnering with Coinbase and four other crypto startups to help U.S. investors properly file their taxes for 2018.

Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire

| Nikhilesh De

A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes.

Overstock Will Pay Some of Its 2019 Taxes in Bitcoin

| Nikhilesh De

Overstock.com plans to be the first major business to pay state taxes using bitcoin in Ohio.

UK Tax Agency Publishes Detailed Guidance for Crypto Holders

| Nikhilesh De

U.K. tax body HMRC has provided an in-depth explanation of how cryptocurrency users should pay taxes on their holdings.

IRS Advisors Call for More Tax Guidance on Crypto Transactions

| Nikhilesh De

An advisory group to the U.S. tax agency has called for clearer guidance around how cryptocurrency transactions are taxed.