IRS Continues to Pursue Bitcoin Trader, Insisting Its Summons Is Legit to California Federal Court
William Zietzke states that the summons for financial records is too broad. The IRS states that the multiple years of financial details are necessary,...
IRS Says Like-Kind Tax Exemption Does Not Apply to Crypto Transactions, Nor Did It Before 2018
Oana Ularu - 0
An IRS official has said that taxpayers can’t defer taxes on cryptocurrency exchanges, not even for pre-2018 transactions. Things have been clear up until now:...
The IRS and the Global Tax Enforcement are Analyzing Crypto Tax Evaders and Criminals
The criminal division of the U.S. Internal Revenue System (IRS) recently announced that it was able to identify dozens of people who were using...
IRS Source: Cryptocurrency Holders and Traders to be Audited by US Tax Collection Agency
A trusted source has confirmed that the Internal Revenue Service is going to conduct audits on cryptocurrency activities. The source said that the tax...
EY (Ernst & Young) Releases New OpsChain Public Finance Manager Blockchain Tool
Ernst & Young (EY), one of the Big Four auditing firms, has recently launched a new blockchain-based product, a platform that was designed to...
Bank Of Canada Considers Its Own Digital Currency; An Easy Way To Track Spending Habits
Lujan Odera - 0
The Bank of Canada is among the regulatory authorities around the world looking to launch their own digital currency. A recent internal report presented...
IRS Adds Taxpayer Questions Regarding if They Own or Transact in Cryptoassets
The U. S. Internal Revenue Service (IRS) has finally decided to acknowledge cryptocurrency in its reports. Now, U. S. taxpayer's will be asked whether...
Ohio State Treasurer Halts Cryptocurrency Tax Payments; Not A Popular Option Anyway
Lujan Odera - 0
The state of Ohio has recently put hold on its online payment portal (OhioCrypto.com) that enables tax payments using Bitcoin crypto.
It has been less...
U.S. Based Tax Giant, H&R Block, Offers Clients Filing Services For Crypto Transactions
Lujan Odera - 0
The U.S tax authority, Internal Revenue Service (IRS), released its tax guidelines for crypto investors and companies with cryptocurrency assets earlier in the year...
“Bitcoin and cryptos are not currency or legal tender”, international accounting committee, IFRIC says
Lujan Odera - 0
Korea Accounting Institute (KAI) announced a new standard by IFRIC on cryptocurrencies and their place on accounting record keeping as intangible assets. A directive by...
$7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer
Oana Ularu - 0
Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and...
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