Taxes

Pennsylvania Man Convicted For Omitting More Than $13M in NFT Sales

A York County, Pennsylvania man has pleaded guilty to charges relating to years worth of improper tax return filings. According…

11 months ago

Trump Plans to ‘Rescind and Amend’ IRS Crypto Tax Rules, Sign Stablecoin Bill By August

President Donald Trump’s administration on Friday detailed how the U.S. plans to assert its leadership in the crypto space during…

12 months ago

Gwacheon City in South Korea Introduces System to Seize Crypto From Tax Dodgers

The Gwacheon City in South Korea will roll out a virtual asset electronic seizure system next month to track and…

1 year ago

IRS Delays Crypto Tax Reporting Requirements Until 2026

The U.S. Internal Revenue Service announced Wednesday that it will postpone new tax reporting requirements for cryptocurrencies until the start of…

1 year ago

US IRS Finalizes Controversial Tax Rule Requiring ‘DeFi Brokers’ to Collect User Trading Information

The U.S. Internal Revenue Service has finalized rules requiring certain brokers in decentralized finance to report on gross proceeds in…

1 year ago

Triump’s Crypto Plan: No Capital Tax on US Crypto, Bitcoin Reserve Asset, Nation State Adoption

President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies. If enacted, this move would exempt…

1 year ago

Detroit to Accept Cryptocy for Taxes and Fees by 2025

Detroit residents will soon be able to pay taxes and other city fees with cryptocy, the city announced on Nov.…

1 year ago

Tether CEO Slams Italy Plan to Increase Capital Gains Tax on Bitcoin to 42% From 26%

Italy is preparing to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%, according to Deputy Finance…

1 year ago

United Arab Emirates Exempts Crypto Transactions From Value-Added Tax

The United Arab Emirates (UAE) has amended its value-added tax (VAT) regulations to exempt transactions involving virtual assets, including cryptocurrencies.…

1 year ago

Ohio Senator Introduces Bill to Allow Bitcoin, Crypto Payments for State Taxes

On Monday, Ohio State Senator Niraj Antani proposed legislation to establish Ohio as one of the few states to accept crypto…

1 year ago