bitcoin tax
Top Articles from Prashant
Bitcoin News
Bitcoin News

Miami Mayor Says Exploring Legislation to Invest City treasury in Bitcoin and Pay Salary in Bitcoin

The city of Miami is on course to become the first city to put its treasury in Bitcoin and pay state employee salary in Bitcoin as Mayor Francis Suarez revealed that they are exploring legislation to put Bitcoin on the city’s treasury balance sheet. Exploring: • State legislative priority• Paying employees in Bitcoin• Investing City

Prashant Jha February 12, 2021

The city of Miami is on course to become the first city to put its treasury in Bitcoin and pay state employee salary in Bitcoin as Mayor Francis Suarez revealed that they are exploring legislation to put Bitcoin on the city’s treasury balance sheet. Exploring: • State legislative priority• Paying employees in Bitcoin• Investing City

Bitcoin News
Bitcoin News

Israel Tax Office Send Notices to Cryptocurrency Owners For Tax Collection

Israeli tax agencies are eyeing the digital currency market for tax purposes as a recent report in Globes revealed that the tax authorities are sending out notices to cryptocurrency owners in the country asking them to fully disclose their holdings so that they can be taxed accordingly. The report further revealed that the tax authorities

Prashant Jha December 23, 2020

Israeli tax agencies are eyeing the digital currency market for tax purposes as a recent report in Globes revealed that the tax authorities are sending out notices to cryptocurrency owners in the country asking them to fully disclose their holdings so that they can be taxed accordingly. The report further revealed that the tax authorities

Bitcoin News
Bitcoin News

Report Reveals Why Bitcoin [BTC] is Declining as a Fiat Competitor

There is no hiding the fact that taxes hinder Bitcoin and crypto spending. The US Internal Revenue Service (IRS) and other regulators, in countries where cryptocurrencies are classified as commodities subject to capital gain taxes, are actively monitoring crypto transactions. Individuals who don’t file their returns are often penalized, at least judging from the collective

Dalmas Ngetich November 23, 2019

There is no hiding the fact that taxes hinder Bitcoin and crypto spending. The US Internal Revenue Service (IRS) and other regulators, in countries where cryptocurrencies are classified as commodities subject to capital gain taxes, are actively monitoring crypto transactions. Individuals who don’t file their returns are often penalized, at least judging from the collective

ATO
Regulation News
ATO
Regulation News

Australian Tax Office (ATO) Seeks Annual Tax Returns on Gaining From Cryptocurrency

Regulators are framing the severe set of laws to effectively regulate cryptocurrencies or digital assets within the regions. Just like HongKong’s SFC planned for tightening regulations, the Australian Tax Office or ATO has sent warnings to Australians to open up their annual returns gaining from cryptocurrency. “However, we have observed through our ATO community channel

Tabassum December 18, 2018

Regulators are framing the severe set of laws to effectively regulate cryptocurrencies or digital assets within the regions. Just like HongKong’s SFC planned for tightening regulations, the Australian Tax Office or ATO has sent warnings to Australians to open up their annual returns gaining from cryptocurrency. “However, we have observed through our ATO community channel

ohio
Bitcoin News
ohio
Bitcoin News

Ohio Accepts Tax Payment in Bitcoin

Beginning from this week, Ohio becomes the first state to accept tax payment in Bitcoin. Reporting to Wall street journal, companies in Ohio who are willing to pay tax bills via Bitcoin should visit “ohiocrypto.com”. By registering over the websites, businesses will be able to pay an array of taxes (notably 23 taxes) including tax

Tabassum November 26, 2018

Beginning from this week, Ohio becomes the first state to accept tax payment in Bitcoin. Reporting to Wall street journal, companies in Ohio who are willing to pay tax bills via Bitcoin should visit “ohiocrypto.com”. By registering over the websites, businesses will be able to pay an array of taxes (notably 23 taxes) including tax

bitcoin tax
Regulation News
bitcoin tax
Regulation News

South Korea to Strike a 10% Tax on Bitcoin Income

South Korean government is planning to levy a tax of 10 percent on income from cryptocurrencies which might be included in the tax bill revision this year. However, the government will provide a grace period and is still working on crypto’s taxation and trading aspect. Get ready to pay your Bitcoin taxes The South Korean

Anjali Tyagi June 22, 2018

South Korean government is planning to levy a tax of 10 percent on income from cryptocurrencies which might be included in the tax bill revision this year. However, the government will provide a grace period and is still working on crypto’s taxation and trading aspect. Get ready to pay your Bitcoin taxes The South Korean

Crypto Taxes
Bitcoin News
Crypto Taxes
Bitcoin News

Are You Paying Your Crypto Taxes? A Recent Study Suggests Otherwise

  With the tax season’s end in the sight, it would be expected that majority of the people would have paid their taxes. However ‘tis not the case amongst the American households when it comes to crypto taxes. Out of the 250,000 filings, only 0.04% portion has only reported their crypto gains. About 100 people

Stan Peterson April 14, 2018

  With the tax season’s end in the sight, it would be expected that majority of the people would have paid their taxes. However ‘tis not the case amongst the American households when it comes to crypto taxes. Out of the 250,000 filings, only 0.04% portion has only reported their crypto gains. About 100 people

bitcoin price
Bitcoin News
bitcoin price
Bitcoin News

Bitcoin Hike Analysis: The Reason Behind The Surge In Bitcoin Price

  On Thursday, Bitcoin price gained $1,000 in less than an hour and reached about $8,000 level after continuously going through a low phase. Experts reveal institutional investors were the primary reason behind the same as due to taxation season, the sell-off pressure was high and brought a dip in the crypto market. Bitcoin experiences

Anjali Tyagi April 13, 2018

  On Thursday, Bitcoin price gained $1,000 in less than an hour and reached about $8,000 level after continuously going through a low phase. Experts reveal institutional investors were the primary reason behind the same as due to taxation season, the sell-off pressure was high and brought a dip in the crypto market. Bitcoin experiences

bitcoin loss
Legal & Tax
bitcoin loss
Legal & Tax

How To Save Capital Gain Tax By Booking Bitcoin Losses In Advance

With the prices of bitcoin taking a serious tumble the resultant bitcoin losses can be used to save the capital gains tax this fiscal year by booking them in advance i.e. before March 31, 2018. Saving on capital gain tax by booking bitcoin losses this fiscal year Cryptocurrencies have only risen in popularity and increased

Stan Peterson March 31, 2018

With the prices of bitcoin taking a serious tumble the resultant bitcoin losses can be used to save the capital gains tax this fiscal year by booking them in advance i.e. before March 31, 2018. Saving on capital gain tax by booking bitcoin losses this fiscal year Cryptocurrencies have only risen in popularity and increased

crypto taxation
Regulation News
crypto taxation
Regulation News

Crypto Taxation In European Union Varies Drastically

Though nothing concrete has been settled about the classification of bitcoin among other cryptocurrencies, the profits and income from crypto are certainly the point of attention for global regulators. When it comes to European Union, the different member nations are taking different routes for crypto taxation that brings specific challenges to the individuals. EU member-states

Anjali Tyagi March 26, 2018

Though nothing concrete has been settled about the classification of bitcoin among other cryptocurrencies, the profits and income from crypto are certainly the point of attention for global regulators. When it comes to European Union, the different member nations are taking different routes for crypto taxation that brings specific challenges to the individuals. EU member-states

cryptocurrency taxation
Legal & Tax
cryptocurrency taxation
Legal & Tax

Cryptocurrency Taxation: How To Handle Its Different Facets

Did you just find out that you owe the taxation authority some $30k? But you don’t have this $30k because you traded in cryptos? Well, then you are not alone as this is exactly what is going on with the cryptocurrency investors or users. So, what is actually the matter and what is taxable? Users/Investors

Achal Arya March 21, 2018

Did you just find out that you owe the taxation authority some $30k? But you don’t have this $30k because you traded in cryptos? Well, then you are not alone as this is exactly what is going on with the cryptocurrency investors or users. So, what is actually the matter and what is taxable? Users/Investors

bitcoin tax
Legal & Tax
bitcoin tax
Legal & Tax

Got a Bitcoin Tax Notice… Here’s What to Do!

Just last month, the Indian Central Board of Direct Taxes (CBDT) issued a tax notice to 1L cryptocurrency investors. The summon was sent to these investors that ordered them to present the documents and evidence for the questions asked in there. Also, read… Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors Any kind of notice or communication

Casper Brown March 9, 2018

Just last month, the Indian Central Board of Direct Taxes (CBDT) issued a tax notice to 1L cryptocurrency investors. The summon was sent to these investors that ordered them to present the documents and evidence for the questions asked in there. Also, read… Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors Any kind of notice or communication

bitcoin tax
Bitcoin News
bitcoin tax
Bitcoin News

Australian Tax Office Hunting Bitcoin Tax Evaders

The Australian Tax Office (ATO) and AUSTRAC, country’s financial intelligence agency, is all geared up to scrutinize the crypto investors and track down the cryptocurrency tax evaders. This is in light of a new framework that is soon going to be in place. ATO tracking Bitcoin tax evaders! According to the reports, the Australian Tax

Achal Arya March 13, 2018

The Australian Tax Office (ATO) and AUSTRAC, country’s financial intelligence agency, is all geared up to scrutinize the crypto investors and track down the cryptocurrency tax evaders. This is in light of a new framework that is soon going to be in place. ATO tracking Bitcoin tax evaders! According to the reports, the Australian Tax