Industry players have found problems with India’s tax rules just days before the proposals take effect. Nischal Shetty, of India-based exchange WazirX, recently took Twitter to explain how 1% tax dedu...
Tag: Tax
Thailand Gives Tax Break For Digital Assets
Thailand’s government announced Tuesday that trade in digital assets is free from value-added tax, as part of a plan to upgrade the country’s payments infrastructure. Thailand’s Government Gives Tax B...
Thailand eases out tax conditions over digital assets
TL;DR Breakdown Thailand moves to relax crypto taxes over trading until the end of 2023. Crypto tax exemptions aim to provide a boost to the local crypto community. Thailand continues to become a pro-...
Thailand Eases Tax Rules on Digital Assets Until 2023
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Thailand Eases Tax Rules For Cryptocurrency And Digital Tokens
Thailand’s cabinet, Khana Ratthamontri, has relaxed tax rules for investments in digital assets including cryptocurrencies and digital tokens to help promote and develop the market following a surge i...
Crypto Couple’s Victory Against The IRS Comes At The Cost Of Regulatory Clarity
Internal Revenue Service federal building Washington DC USA getty What Happened In May 2021, a Tennessee couple, Joshua Jarrett & Jessica Jarrett (Jarretts), filed a complaint with the IRS arguing...
Five Ways to Minimize Your Crypto Tax Hit
About the author Lewis Taub is a certified public accountant and a director of tax services at Berkowitz Pollack Brant Advisors and CPAs. He works on tax issues for businesses and individuals, and has...
Ethical Investing With A Tax Break
You can get a diversified portfolio that suits your values—and get a tax break out of it. Adequate solution for the investor seeking a socially conscious portfolio: buy a fund. Better solution for a l...
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey. Eduardo Munoz Alvarez | Getty Images Property tax relief may soon be coming to New Jersey. Gov. Phil ...
2022 Crypto and Bitcoin Tax Guide For U.S. Taxpayers
Tax season is upon us, which means that it’s time to trawl through your finances and get your incomings and outgoings in order. Tax liability is a thorny area when it comes to Bitcoin and other ...
Swiss City Lugano Partners with Tether to Adopt Crypto Tax Payments
The City of Lugano in Switzerland has entered into a partnership with Tether Operations Limited to drive its technological advancement while enabling its capabilities to allow its residents to pay the...
Review of 6 Crypto Tax Software Packages
With a European vibe, Accointing offers crypto tax reporting solutions for Australia, Austria, Germany, Switzerland, the U.K. and U.S., ranging between $79 and $299 (plus a free tax report), as well a...
Biden pushes 15% minimum tax for corporations in his State of the Union address after 55 Fortune 500 companies paid no U.S. income tax last year
In his first State of the Union address since taking office last year, President Joe Biden highlighted his plan to levy a 15% minimum tax on global corporations as he rallied against large corporation...
Colorado Becomes First US State to Accept Crypto for Tax Payments
Colorado has become the U.S. state to accept cryptocurrency for tax payments. The state’s governor, Jared Polis first announced the move in late February and also said that it was one step in the move...
how it affects your tax return
Your filing status is the backbone of your tax return, and checking the wrong box can be costly. Yet many filers still confuse single and head of household, financial experts say. “Most people a...
This Bill Could Give You a $60,000 Tax Deduction Loophole
A new bill seeks to repeal the $10,000 cap on state and local tax deductions. Americans who rely on the state and local tax (SALT) deduction at tax time may be in luck. A Democratic proposal aims to r...
‘Suspending the gas tax is a mistake:’ Tax Foundation
Biden administration officials and Democrat senators are considering a suspension of the federal fuel tax in order to combat record inflation levels ahead of the Federal Reserve’s planned rate hikes. ...
Tax refund delays will be ‘horrible’ this year, CPA says
U.S. taxpayers expecting tax refunds this year are very concerned about the state of the Internal Revenue Service (IRS), which is facing record-low staffing issues. “The IRS is more backlogged than I&...
Warren Buffett: Berkshire Hathaway Paid 1% of All U.S. Corporate Tax Receipts
Berkshire Hathaway has the largest amount of domestic infrastructure assets of any American company and paid $3.3 billion in federal taxes in 2021—or nearly 1% of all corporate tax receipts—CEO Warren...
Dell Falls on Disappointing Profit Forecast, Higher Tax Bill
(Bloomberg) — Dell Technologies Inc. shares fell as much as 12% in extended trading after giving a disappointing profit forecast and reporting quarterly earnings that fell short of Wall Street e...
How Web 3 Could Change Tax Collection
This will make 1099 form generation impossible because in most cases there’s no third party to generate them. Even if a protocol could generate 1099s, the reports will be incomplete, without the taxpa...
Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws
However, some incumbents are building rather than buying: “At Jackson Hewitt, we train our tax pros on tax preparation using our internally sourced training materials (which includes what cryptocurren...
How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli – Sponsored Bitcoin News
sponsored The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax ...
4 Crypto Tax Myths You Need to Know
Because of this public transparency, it is very easy for the IRS to link “anonymous” wallets to people. This is because at the beginning of nearly every person’s transaction history is an on-ram...
Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems
When the IRS receives a copy of this 1099-B, it will see that you sold $50,000 of bitcoin on Cryptocurrency Exchange B. However, it will not be able to see that your true capital gains for this transa...
A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue
Theoretically, the Internal Revenue Service (IRS) could look through every transaction on every blockchain to see profits and losses in each wallet or account. From there, the IRS could figure out the...
Court Rules Robert Pera And Michael Heisley Can’t Get Tax Deduction From Sale Of Memphis Grizzlies
Ja Morant #12 of the Memphis Grizzlies celebrates a basket with teammates Ziaire Williams #8 and … [+] Jaren Jackson Jr. #13 during the third quarter against the Los Angeles Lakers at Crypto.com...
The 7 Types of Crypto Tax Nightmares
“I wish it worked that way,” said Kemmerer, but he sees clients regularly get hosed because they misunderstood how it works. “This one guy had acquired over 100 ethereum early on, in 2015, back when i...
Kazakh officials seize 360 illegal Bitcoin ASICs amid push for higher mining tax
Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. According to an announcement published by the Financ...