bitcoin taxes

The New York State Department of Taxation and Finance has stated that transactions made with cryptocurrencies are not subject to sales taxes.

These 7 Tools Will Help You Calculate Your Crypto Taxes
June 8th, 2019

It takes a genuine accounting guru to understand how the new system functions, but you can cut the long story short by using one of many apps or platforms developed to calculate crypto taxes. In this article, we will show you the seven best options.

Digital Retail Giant Overstock Set to Use Bitcoin for Tax Payments in 2019 Already
January 4th, 2019

Overstock will use Bitcoin to cover its Ohio commercial activity taxes in February 2019, using the recently launched cryptocurrency taxpayer platform,

UK MP Calls for Using Bitcoin to Pay Local Taxes and Other Bills
December 11th, 2018

A member of the British Parliament has voiced an idea to allow UK residents to pay their local taxes and utility bills using Bitcoin.

How Bitcoin is Shaping the World of Forex Trading
May 4th, 2018

Forex is the largest financial market in the world. It offers liquidity and flexibility for traders, since it’s open 24/7 worldwide.

‘Fewer than 100 of the First 250,000 Filers Reported Crypto Tax Gains,’ Says Credit Karma
April 14th, 2018

Though the U.S. tax day is getting closer and closer, it seems that Americans are not in a hurry to report their cryptocurrency holdings.

Coinbase Launches Cryptocurrency Tax Calculator for U.S. Customers
March 13th, 2018

Taxes procedures for digital currencies can be not an easy deal. Nevertheless, Coinbase has found a solution for its customers – a new tax calculator.

Israel Will Tax Bitcoin as an Asset, Not a Currency
February 20th, 2018

Israel is becoming ingrained more and more deeply into crypto ecosystem. Cryptos will be subject to the capital gains tax, decides the Tax Authority.

Crypto Investors in America are Reporting Their Investments to IRS
February 14th, 2018

Although the number of people reporting their crypto investments is low fat the moment, it is expected to grow as the final date of filing comes closer.

Swiss Municipality of Chiasso Accepts Tax Payments in Bitcoin
September 12th, 2017

The Swiss municipality of Chiasso will accept tax payments in bitcoin starting from the beginning of 2018 in an attempt to make Switzerland a global hub for financial technologies and cryptocurrency start-ups and a world leader in bitcoin adoption.

The IRS Uses Special Software to Find Bitcoin Tax Cheats Since 2015
August 23rd, 2017

A software tool helps the IRS identify people who hide their wealth, making some bitcoin owners uneasy as they lose their anonymity.