Tag:Tax

Cautions, Crypto-holders!: Any crypto balance unreported in your tax return can set you in a mess with the IRS

Cryptocurrency has been thriving throughout 2020 and booming in 2021 so far. Not only the investors and market enthusiasts but also different federal agencies...

South Korea Officials Cause Confusion With Drafting Legislation to Tax Individual Cryptocurrency Profit

South Korea officials are reportedly causing some confusion with the latest drafted legislation that will tax individual crypto profits. According to Cointelegraph, South Korea’s...

South Korea’s National Tax Service to Withhold $70 Million in Taxes from Leading Crypto Exchange Bithumb

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70...

Bad news for Bithumb: Government slams Korean exchange with massive surprise tax

Arguably the worst year for South Korea’s crypto exchange market just got even worse. The National Tax Service just told Bithumb, South Korea’s second-biggest...

Letters Sent to 20 000 Suspected Crypto Tax Avoiders in Denmark

After being granted the right earlier this year to demand user records from 3 cryptocurrency exchanges in the country, Denmark’s tax authority, the Skattestyrelsen, has...

Cryptocurrency Taxation Simplified – The Best Cryptocurrency Tax Calculators in the Market

There is an enormous amount of confusion about the current cryptocurrency laws and the introduction of possibly unfavorable laws in the foreseeable future. The...

UK Tax Authority Issues Crypto Guidance for Businesses

The UK’s tax agency has issued cryptocurrency tax guidance for businesses, following up a year-old promise. After clarifying the situation last year for individual taxpayers, Her...

IRS Updates Cryptocurrency Tax Guidance, Forked Coins Now Liable

New revisions to the US tax code now makes coins received from chain splits, such as the Bitcoin Cash and Bitcoin SV forks, a...

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Thousands Protest In El Salvador Against Bitcoin As Legal Tender

El Salvador became the first country to adopt Bitcoin as their legal tender some months ago. Well, the decision...
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Cardano’s New Alonzo Upgrade Already Showing Positive Signs

The highly anticipated Alonzo upgrade on Cardano has started showing some remarkable results. The team reported that Alonzo has...

Ethereum Vs. Bitcoin Vs. Dogecoin – Which One Is Right For You?

If you are planning to invest in cryptocurrency for the first time, choosing the right digital money is the...

Must read

Thousands Protest In El Salvador Against Bitcoin As Legal Tender

El Salvador became the first country to adopt Bitcoin...

Cardano’s New Alonzo Upgrade Already Showing Positive Signs

The highly anticipated Alonzo upgrade on Cardano has started...