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The IRS focuses on cryptocurrency for two primary reasons: trading cryptocurrency is a taxable event and converting cash into virtual currency is a way to launder money. This focus has resulted in the IRS releasing guidance on the reporting and taxation requirement for the sale, purchase, and trade of cryptocurrency—but …
Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.
Arguably, cryptocurrencies pose a threat to the Nordic banks’ hold … In Sweden, it is possible to see at the click of a button not just who your neighbors are, but …
Jan 27, 2018 … A Quick Guide on Cryptocurrency Taxes for People in a Rush. The following is a guest post by Mario Costanz, CEO of HappyTax and CryptoTaxPrep.com. In our increasingly digital world, everything happens fast. Bitcoin was a groundbreaking financial technology because it sped up electronic transaction …
Before you jump into this explanation of how cryptocurrency affects your taxes, check out our first article in this series: Bitcoin, explained. It's been a …
Aug 06, 2017 · IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply
Proof of Stake (PoS) is an alternative to Proof of Work (PoW) where mining power is based on how many coins a person holds. Essentially, new coins are created as interest paid on existing coins.
So you are sitting on the hottest cryptocurrency around, and as the end of the year approaches, maybe you finally start thinking about (gasp!) that dreaded taxman.
Mar 26, 2018 · Investing in cryptocurrency moved mainstream in 2017, now more people are staring down tax bills from their big gains in crypto.
Millions of Cryptocurrency Owners Could Be Making a Big Mistake Virtually no Americans are paying taxes on their cryptocurrency profits — at least not yet.
Jan 30, 2018 · When it comes to cryptocurrency, the IRS and taxes, taxpayers should stay ahead of the game rather than be reactionary.
Cryptocurrency Tax Contents Office believes bitcoin Purposes; general rules for Into this explanation Federal income tax
Cryptocurrency Taxes Contents Game rather than Short and long-term Learn more about Office believes bitcoin purposes; general rules Other crypto tax preparation and Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets. Cryptocurrency Tax Contents The public eye But this year With coin founders Are staring down Jan 30, 2018
Investing.com – You probably know by now that the IRS expects you to pay taxes on your cryptocurrency holdings but you may not know exactly what to do. Here are some key points to remember. The IRS wants you to report each time …
Feb 27, 2018 … While IRS searches for people avoiding taxes on cryptocurrency, Credit Karma reports that majority of Americans are still not filing their taxes.
Binance is a cryptocurrency exchange and wallet. One big selling point is the quickness with which it embraces Bitcoin’s forks.
Jan 29, 2018 … (Form 8949 is a summary of bitcoin gains that basically supplements form 1099, which cryptocurrency taxpayers don't get from exchanges.) The IRS partnered in 2015 with a company called Chainanalysis to identify owners of digital wallets who haven't been paying their bitcoin taxes, according to a …
Cryptocurrency is all the rage these days, but if you’re new to the world of digital cash, you might be wondering where to buy cryptocurrency …
Switzerland has become a global hub for cryptocurrencies and the blockchain technology … as a "CryptoPolis", has meanwhile decided to accept bitcoin …
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