Tag: irs

  • Bitcoin

    Lawmakers Ask IRS For Clarity on Crypto Tax Reports, Better Regulating Industry

    Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of...

    Tony Spilotro | September 21, 2018 | 7:00 am
  • bullish
    Bitcoin

    Analysts Expect Bitcoin in Bullish Mode After ‘Tax Day’

    ‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum. ‘Tax Day’ to Spark New Bullish Momentum For Bitcoin The cryptocurrency market has been hungover ever since Bitcoin entered the...

    Ricardo Esteves | April 17, 2018 | 1:00 pm
  • taxes
    Industry

    Coinbase Helps U.S. Customers With Tax Tools

    Coinbase, the largest cryptocurrency exchange in America, has updated its tax tools to help its U.S. customers comply with IRS guidelines for reporting digital asset gains. Coinbase Updates Tax Tools For U.S. Customers While not being legal or tax advice, Coinbase’s post may prove to be very useful...

    Ricardo Esteves | March 13, 2018 | 12:07 pm
  • Coinbase
    Industry

    Coinbase Reports Almost Half its Profit Came in December Alone

    Coinbase recently reported to investors that it made $1 Billion in revenue through 2017.  An independent assessment finds that 43% of that was in December alone. Bitcoin Run Responsible for 43% of 2017 Profit The San Franciso based exchange Coinbase was one of the first interfaces to make Bitcoin...

    John McMahon | February 28, 2018 | 1:10 pm
  • donate
    Industry

    Bitcoin Boon Overflows Charities While Taxman Searches For Cut

    Record-breaking gains in the cryptocurrency market during 2017 resulted in record-breaking donations to charitable organizations by Bitcoin investors according to fidelity mutual. $70 million in charitable donations The miracle cryptocurrency market that was epitomized by Bitcoin’s unparalleled rise from $1,000 to $20,000. Before the year’s end correction many made investors...

    John McMahon | February 15, 2018 | 6:03 am
  • taxes
    Bitcoin

    Virtually no Americans Report Bitcoin Holdings to the IRS

    The taxation of Bitcoin capital gains in the US has always been a controversial topic. For a lot of people, it is still rather cumbersome to do so. It is not surprising to see few people effectively report this income to the IRS right now. Less than 100...

    JP Buntinx | February 14, 2018 | 9:30 am
  • NewsBTC
    Bitcoin

    CFTC Commissioner: Crypto Industry Should Regulate Itself

    At the Yahoo Finance All-Markets Summit on February 7th, a U.S. CFTC regulator encouraged the digital currency industry to start formally regulating itself. Brian Quintenz, a commissioner with the Commodity Futures Trading Commission (CFTC), said that the crypto industry should form what’s known as a self-regulatory organization, or...

    Thomas Delahunty | February 11, 2018 | 9:55 pm

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