Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in cryptocurrency and Bitcoin tax filings next year. Record Loss Claims in Cryptocurrency Tax Filings In a press release by NODE40 – a cryptocurrency accounting firm, the company […]

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South African Releases Draft Cryptocurrency Tax Law

The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018. At that time, the tax agency […]

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South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake

10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year. Governments want their piece of the pie and traders are anxious to know how badly their tax collectors plan to gouge them. Luckily, many governments have already announced their stances on the matter. Some have […]

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Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework

Nikita Blows · January 20, 2018 · 5:00 pm At least two US institutions have requested that the IRS propose a definitive structure for taxing cryptocurrencies in the country. As authorities see the lucrative appeal of virtual currencies, they also see that they can benefit from this wealth in some way, specifically through taxing crypto holders. […]

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