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Controversial U.S. Crypto Tax Reporting Bill Still Being Debated
Senators in the United States have been grappling with the wording in legislation that could affect a controversial cryptocurrency tax reporting bill.
According to reports,...
Crypto Tax Reporting to Become Easier
Crypto.com, the global cryptocurrency platform announced its alliance with three leading tax preparation providers. Effectively, these partnerships will simplify cryptocurrency tax reporting for Crypto.com...
IRS Halts Implementation on Crypto Tax Rule
The Internal Revenue Service (IRS) will not require US businesses to file reports on transactions exceeding $10,000 until it establishes a legal framework.
The...
IRS Mandate: Rapid Reporting for $10K+ Crypto Gains
As of a recent update, those who receive over $10,000 in cryptocurrency for 'trade or business' purposes are required to complete a designated form.
This...
UK Government Urges Crypto Users to Disclose Unpaid Taxes
Crypto users in the UK are now being encouraged to voluntarily disclose any unpaid income and capital gains taxes. They are related to exchange...
Five Ways to Reduce Annual Crypto Taxes in the US
The month of April is rapidly approaching and that brings ominous clouds for many who have to pay their crypto taxes. Here are five...
Binance Announces New Tax Tool, Changes BTC Withdrawal Limit
In its attempt to adjust its operation to appeal to heightening regulatory efforts, Binance, the most prominent cryptocurrency exchange, has rolled out the Tax...
DeFi Tax: Your Tax Obligations as a DeFi Trader
As cryptocurrency continues the battle for mass adoption, with growing fundamental usage milestones and real-world applications maturing, there is one indicator that could significantly...
IRS Releases Tax Guidelines for Cryptocurrency
The U.S. Internal Revenue Service (IRS) issues new guidance in the form of a Revenue Ruling, which calculates taxes owed on cryptocurrency holdings.
The publication...
Indiana Advances Bitcoin Rights in Landmark Legislation
This bill addresses key aspects of the cryptocurrency space, ranging from access and self-custody to mining and running nodes.
One of the primary highlights of...