Cryptocurrency Taxes

IRS

IRS Tweaks Crypto Question Language on 2021 1040 Draft Form

The revised question asking taxpayers about crypto assets is much simpler and clearer.

News  ·  22 July 2021
IRS

Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.

News  ·  24 November 2020
IRS

IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

Policy & regulation  ·  14 July 2020
taxes 2020

Hodlers Can Donate Crypto to Charity to Minimize Tax Payments

Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.

Policy & regulation  ·  14 July 2020
IRS

Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

Policy & regulation  ·  14 July 2020
Canada

Canadian Municipality Set to Accept Bitcoin for Property Tax Payments

The Town of Innisfil, Ontario, will accept bitcoin for property tax payments from next month in a one-year trial project.

Markets  ·  29 March 2019
Payments

Arizona Lawmakers Strip Crypto Mentions From Tax Payments Bill

Arizona Senate Bill 1091 has been passed by the House and Senate - but no longer mentions cryptocurrencies anywhere.

Policy & regulation  ·  4 May 2018
Legal

Arizona’s Bid to Accept Crypto for Taxes Suffers Setback

Arizona's crypto tax bill no longer enables the Department of Revenue to collect taxes in cryptocurrency, but rather directs it to conduct a study.

Policy & regulation  ·  3 May 2018