Crypto Tax and Accounting Platform Bitwave Raises $7.25M

Blockchain Capital led the firm's seed round as VC bets on crypto tax plays pick up steam.

Business  ·  12 August 2021

TaxBit Raises $130M Series B at $1.33B Valuation

It's the second major funding round for the tax software firm this year.

Business  ·  12 August 2021

There’s Still Time to Fix Congress’s Crypto-Tax Mess

The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.

Opinion  ·  11 August 2021

2 Senators Propose Exemptions to Crypto Tax Reporting Required By US Infrastructure Bill

The amendment is a compromise between two previously proposed amendments.

News  ·  7 August 2021

Senate’s Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

Policy & regulation  ·  7 August 2021

4 Crypto Tax Tips to Get You Through Market Dips

Harvesting your crypto losses during a dip generates greater tax savings than hodling, says a crypto tax expert.

Policy & regulation  ·  14 June 2021

Emmer, Congressional Blockchain Group Ask IRS to Revise Guidance on Charitable Crypto Donations

The lawmakers say the amount of a donation should depend on free market value, not an appraiser’s determination.

Policy & regulation  ·  11 June 2021

Denmark’s Century-Old Tax Code to Get Crypto Facelift: Report

The ministry cites a risk of fraud and an increased number of tax filing errors as the catalyst for cracking down on crypto tax evasion.

News  ·  10 June 2021

South Korea Plans to Tax Overseas Crypto Assets Starting in 2022: Report

Koreans will be required to pay tax when balances held with foreign virtual-asset businesses exceed 500 million won ($450,000).

News  ·  4 June 2021

US Congressman Reintroduces Bill With Tax Protections for Investors With Forked Crypto Assets

The legislation would outlaw penalizing taxpayers until the IRS clarifies its policies.

Policy & regulation  ·  18 May 2021

How to File Your Crypto Taxes (and Not Get Screwed)

Here are seven things you need to know about cryptocurrency taxes.

Policy & regulation  ·  7 May 2021
Crypto Taxes

How to Minimize Your Crypto Taxes

Your tax strategy may be every bit as important as your investment strategy, say two crypto tax experts.

Policy & regulation  ·  12 April 2021

State of Crypto: The IRS Sets Its Sights on Circle

The IRS has issued a John Doe summons to Circle, in a repeat of its collection of Coinbase customer information. What has changed since then?

Policy & regulation  ·  6 April 2021

Biden Wants to Boost Corporate Tax Rate to 28%, Signals High Earners May Be Next

A fact sheet laying out the key parts of the plan indicates proposed tax hikes on high income individuals may be coming soon.

News  ·  31 March 2021

Crypto Exchange Coinsquare Ordered to Hand Thousands of Customers’ Records to Canadian Tax Agency

Coinsquare estimates between 5 and 10 percent of customer records could be caught in the sweep.

News  ·  24 March 2021