The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
A report suggests the action may be over the firm's digital currency, Masterbucks.
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion.
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market.
Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether starting next February.
The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.
The new tool comes as the IRS is sending more letters to crypto investors.
With tax reports for crypto transactions being complex and time-consuming to prepare, Koinly said its service automates the process in just minutes.
Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
Up to 350,000 Australians will be contacted by regulators soon to remind them of their obligations when trading in digital assets like bitcoin.
Ukraine’s revenue agency has published guidance that says cryptocurrency holdings should be treated as intangible property on tax returns.
New Zealand's Inland Revenue Department is considering how best to change its tax regimen so cryptocurrencies aren't at a disadvantage.