Browsing Tag
Taxes
46 posts
Korea’s crypto community warns 20% tax on gains could devastate market
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and…
Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.
IRS draft tax form for crypto defines unhosted wallets as brokers
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among…
Top IRS official says ‘pure crypto tax crimes’ on the rise alongside scams
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes…
What you need to know about the IRS’s crypto question on tax returns | Opinion
If this article makes you realize you forgot to report your crypto gains in past years, consider amending…
Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a…
Indonesia considers easing crypto taxation
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the…
South Korea’s ruling party proposes delay in crypto taxation as election pledge
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party…
IRS says controversial $10k reporting rule doesn’t currently apply to crypto
Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets…
India blocks access to major offshore crypto exchanges
After India introduced a 30% tax on crypto profits and a 1% TDS on transactions, local crypto traders…
