The U.S. Internal Revenue Service has finalized rules requiring certain brokers in decentralized finance to report on gross proceeds in …
Latest in Taxes
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U.S. Regulation
Triump’s Crypto Plan: No Capital Tax on US Crypto, Bitcoin Reserve Asset, Nation State Adoption
by Terron Goldby Terron GoldPresident Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies. If enacted, this move would exempt …
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U.S. Regulation
Detroit to Accept Cryptocurrency for Taxes and Fees by 2025
by Terron Goldby Terron GoldDetroit residents will soon be able to pay taxes and other city fees with cryptocurrency, the city announced on Nov. …
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Global Adoption
Tether CEO Slams Italy Plan to Increase Capital Gains Tax on Bitcoin to 42% From 26%
by Terron Goldby Terron GoldItaly is preparing to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%, according to Deputy Finance …
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Global Adoption
United Arab Emirates Exempts Crypto Transactions From Value-Added Tax
by Terron Goldby Terron GoldThe United Arab Emirates (UAE) has amended its value-added tax (VAT) regulations to exempt transactions involving virtual assets, including cryptocurrencies. …
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U.S. Regulation
Ohio Senator Introduces Bill to Allow Bitcoin, Crypto Payments for State Taxes
by Terron Goldby Terron GoldOn Monday, Ohio State Senator Niraj Antani proposed legislation to establish Ohio as one of the few states to accept crypto …
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U.S. Regulation
New IRS Draft Tax Form For Crypto Defines Unhosted Wallets as Brokers
by Terron Goldby Terron GoldThe IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets …
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U.S. Regulation
CoinLedger and MetaMask Join Forces to Simplify Crypto Tax Reporting
by Terron Goldby Terron GoldCoinLedger and MetaMask have partnered to simplify cryptocurrency tax reporting for MetaMask Portfolio users by enabling automatic syncing of transaction …
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U.S. Regulation
The IRS Adds Cryptocurrency Income Tax Question to Four More Tax Forms
by Terron Goldby Terron GoldThe IRS on Jan. 22 reminded all taxpayers to answer a question about digital assets and report all digital asset-related …
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