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Taxes

10 Tax Tools to Help Crypto Owners

<header class=”article__header”> </header> <strong>While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major …

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Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange.  CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the …

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Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin

</header> <strong>Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how …

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Crypto Salaries Gain Regulatory Recognition Around the World

</header> <strong>Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation.</strong><strong> Switzerland, New Zealand, Japan and Estonia are …

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Macron claims deal to end digital service tax fight with the US

Enlarge / France’s President Emmanuel Macron (R) and US President Donald Trump shake hands during a joint-press conference in Biarritz, France, on August 26, 2019. LUDOVIC MARIN/AFP/Getty Images The United States and France have reached a deal over the taxation of digital services, French President Emmanuel Macron said at a Monday news conference alongside US …

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‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

</header> <strong>The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting …

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Internal Revenue Service Sends New Round of Letters to Crypto Holders

Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports. Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has …

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Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case

A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case. The defendants had filed to set aside an interim preservation order that was issued by the British Columbia Civil Forfeiture Office in order …

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The Most Important Aspect of Bitcoin Is the Separation of Money and State

<header class=”article__header”> </header> <strong>Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through inflation. Now there’s a wide array of digital …

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Japan to Solarize Its Burgeoning Digital Economy, Expert Take

Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift toward green energy will require the removal of the technological/infrastructural, financial …

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