Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.
South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.
Dozens of Israelis who own digital currencies have recently received notification telling them they must fully disclose their assets for taxation purposes.