Crypto Tax News

Swan Bitcoin is partnering with Equity Trust Company to offer enhanced Bitcoin Individual Retirement Accounts. Clients can now seamlessly manage Bitcoin (BTC) within their retirement portfolios, with new account types such as Solo 401(k)s, Roth Solo 401(k)s, SEP IRAs, and…

Recent rumors swirling on X accused presidential candidate Kamala Harris of endorsing President Biden’s 2025 proposal for a 25% tax that includes unrealized capital gains. What’s the truth behind the headlines and what caused the confusion? Earlier this week, on…

Ukrainian financial detectives have charged a local blogger with $5 million in tax evasion through crypto transactions linked to online affiliate marketing. The Economic Security Bureau of Ukraine has charged a prominent local blogger with evading more than $5 million…

The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug. 9 update, the new draft has removed several…

Binance has received a show-cause letter from the Directorate General of GST Intelligence of Ahmedabad to pay inr 722 crores, approximately $86 million USD, as goods and services tax. According to a Times of India report, the DGGI, an agency…

With the power of blockchain technology, music NFTs give musicians a new universe of creative and financial options, yet challenges remain.

Senator Cynthia Lummis released a report opposing the proposed 30% energy excise tax on miners. The politician published a report entitled “Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,” which examines the Administration of U.S. President Joe Biden’s…

India has maintained its cryptocurrency tax rules for the 2024/25 budget, despite increasing calls from industry leaders for a reduction in the current rates. India’s Finance Minister Nirmala Sitharaman disclosed this during the budget presentation for the 2024/25 fiscal year.…

‘Plastic Free July’ draws attention to the impact of plastic waste on nature, bringing diverse artists from the world with innovative technologies, such as NTFs.

South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…

South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…

Learn about cryptocurrency tax calculators in 2024. Calculate your crypto tax liabilities with ease using CoinTracker, CoinLedger, TokenTax, ZenLedger, and more. In most countries, including the U.S., U.K., Canada, Australia, and India, tax authorities require you to pay taxes on…

A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.

The Inland Revenue Board (IRB) of Malaysia has initiated a special operation named "Ops Token" to tackle crypto tax evasion and enhance overall tax administration in the country.

Turkey’s Treasury and Finance Minister Mehmet Şimşek is reportedly considering a new tax on gains from investments in stocks and crypto as part of efforts to support disinflation. Gains from activity associated with trading crypto and stocks may soon be…

If this article makes you realize you forgot to report your crypto gains in past years, consider amending it to fix it. Don’t wait for the IRS to find you.