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.
Starting with Ripple’s XRP token, cryptocurrency retirement fund Bitcoin IRA plans to add further altcoins in coming weeks.
American bitcoin traders, including Coinbase users, can now report gains accurately to the IRS through Node40’s new SaaS.
According to Jeffrey Berns, more than a million Americans are subject to the summons granted to the IRS.
A Coinbase, Inc. customer filed a motion late Tuesday in federal court seeking to block the Internal Revenue Service from accessing personal and transactional information of individuals who used the Coinbase Bitcoin trading and storage platform between 2013-2015.
Representative of Texas, Steve Stockman, submitted a new bill, the ‘Virtual Currency Tax Reform Act,’ that would regulate the bitcoin sale transactions.