In brief CoinTracker is crypto tax software. The company has a $1.3 billion valuation. It’s using its $100 million in funding to “scale up the product and company.” With the IRS fili...
Tag: IRS
IRS Called Cryptos And NFTs A Mountain Of Fraud
The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, wh...
IRS official highlights increase in fraud amid crypto adoption
TL; DR Breakdown IRS official talks fraud and crypto adoption at a virtual event Crimes are on the rise in the crypto sector Korner highlights market manipulation The issue of scams and hacks in the c...
Why The IRS Sees “Mountains Of Fraud” In Crypto And NFTs
As it grows, the crypto industry and its sectors attract more attention from regulators and political actors. In the United States, this industry seems poised for more hostility from the current admin...
Quick Guide To Filing Your 2021 Cryptocurrency & NFT Taxes
Bitcoin coin with 1040 income tax form for 2018 for filing on April 15. Slovenia, January 12, 2019 getty What Happened In 2021, we saw a record-breaking amount of NFT transactions and several popular ...
Coinbase Launches Free Tax Center as IRS Deadline Looms
In brief Coinbase’s new service will help streamline the tedious process of calculating crypto profits. The company does not plan on issuing 1099 forms. Crypto owners are already reeling from a ...
Don’t throw away this document. Why IRS Letter 6419 is critical to filing your 2021 taxes.
Parents are flooded with paperwork every single day of the year. But this year, they absolutely want to keep track of one key letter — Letter 6419, to be sent to you by none other than the Internal Re...
The Income Taxation Of Creators, Investors, Dealers And Collectors Of NFTs
NFT text, written on a notebook with calculator,pen on officebackground. getty The creative process of individuals, and the medium through which a Creator works, is constantly expanding, including dig...
IRS Craves For A Crackdown
Last year, when the NFT Everydays: The First 5,000 Days by Beeple sold at Christie’s for $69.3 million, it catapulted the non-fungible token’s market into the mainstream. A large number of people have...
NFT Investors Are Owing Billions In U.S Taxes, Here’s How IRS Plans to Collect Tax
Over time, nonfungible tokens (NFTs) have proven to be one of the hottest sectors in crypto, and now the U.S. government may finally be ready to get its share from this booming sector. According to a ...
The IRS Hopes To Recover Billions In Taxes From Evading NFT Traders ⋆ ZyCrypto
Advertisement     According to a recent report by Bloomberg, the Internal Revenue Service now hopes to net Billions of Dollars in taxes from evading NFT traders. Shill...
crypto taxes in Italy and the US
Those who invest in cryptocurrencies are sooner or later faced with the question of how to pay their taxes. In Italy, this question is answered by the Italian Revenue Agency, while in the US it is ans...
Make less than $73,000? File your taxes for free with an IRS program opening today
Make less than $73,000? File your taxes for free with an IRS program opening today The only thing worse than slogging through your taxes each year is paying for the privilege. But why pay for help if ...
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...