A newly launched IRS initiative called Operation Hidden Treasure was announced on Friday as part of a crackdown on widespread crypto tax evasion. IRS Searching For Telltale Signs of Tax Evasion Operation Hidden Treasure was...
The program was launched as a joint effort between IRS’s civil and criminal units.
Taxes are one of the more opaque issues in crypto, with many investors still unsure how to calculate taxes on earnings or whether they owe taxes at all. The DeFi space, in particular, has many moving parts when it comes to taxation and asset classes. Crypto Briefing has put together a brief guide that lays out how users' DeFi income might be...
Residents of Zug province, Switzerland, can now pay their taxes in Bitcoin and Ethereum. Bitcoin Suisse will convert the crypto to Swiss francs upon payment. Adding 100,000 Residents to Crypto Valley Tax Program The Zug blockchain haven in Switzerland, popularly known as Crypto Valley, has passed...
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
The bill proposes to recognise cryptocurrency as property for purposes of taxation.
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.
Out of 31 nations, only 5 have tax guidance addressing cryptocurrency rewards via staking, a study found.
In this episode, Shehan Chandrasekara, head of strategy at CoinTracker, and Dan Hannum COO at Zen Ledger, take a deep dive into the world of crypto taxes. Over an hour and fifteen minutes they tackle a bevy of topics ranging from why the IRS is asking about your crypto history to explaining the proper way of reporting yield farming income. Shehan and Dan...
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
The team of investigators requested past data and transaction details from Korea Digital Exchange.
The platform offers automated crypto taxation calculation to partner exchange users.
The government is expecting to gain $1 billion in taxes from Bitcoin trades.
Crypto profits are taxed at 25 percent in the country as capital gains.
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