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 ...
Tag: Taxes
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...
Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities – Taxes Bitcoin News
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions – Taxes Bitcoin News
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indica...
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...
Low taxes and island life attracts Bitcoin millionaires to Puerto Rico
Crypto millionaires are increasingly migrating to Puerto Rico to enjoy island life as well as tax breaks. A report unveiled this news on January 16, citing the example of crypto entrepreneur and inves...
Bitcoin Millionaires are Relocating to Puerto Rico for Lower Taxes and Island Life
In recent times, tax breaks and a tropical island lifestyle seem to have lured bitcoiners to Puerto Rico. As the community expands, it draws more people from abroad and within the state. However, not ...
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 ...
Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT
While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it’s now time for the taxmen to check for tax liabilities from profits in these...
How to Calculate Your DeFi, NFT, and Airdrop Taxes for 2022
Key Takeaways Tax season is approaching. Crypto investors may be liable for income tax and capital gains tax based on their activity. Capital gains tax and income taxes are applied differently based o...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Rio De Janeiro Is Giving People a 10% Discount to Pay Taxes in Bitcoin
This episode is sponsored by Nexo, Abra and FTX US. Download this episode This was, NLW argues, a very good week for crypto. He covers: The mayor of Rio announcing big bitcoin/cryp...
Rio de Janeiro Eyes Treasury Investment in Crypto and Discounts for Taxes Paid in Bitcoin
Rio de Janeiro Mayor Eduardo Paes has pledged to invest 1% of the city’s Treasury in cryptocurrencies, per Brazilian news outlet O Globo. “We are going to launch Cripto Rio and invest 1% of the Treas...
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains – Taxes Bitcoin News
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted ...
Americans Continue Voting With Their Feet In Favor Of Lower Taxes & Against Coerced Unionization
Moving truck parked in San Francisco’s Nob Hill neighborhood. getty For years Americans have been voting with their feet in favor of lower-taxed states where they’re not forced to join a union a...
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23 – Taxes Bitcoin News
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on dire...
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils – Taxes Bitcoin News
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After l...
Raids on 6 Indian Crypto Exchanges Uncovered $9.4M in Unpaid Taxes
Indian tax authorities have raided around half a dozen of the country’s biggest cryptocurrency exchanges under the suspicion of tax evasion. Some of the raided exchanges are CoinSwitch Kuber, CoinDCX,...