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JP Morgan Chase Launches JPM Coin (Cryptocurrency)- Causes Mixed Feelings

JMP Coin
Recently JP Morgan Chase announced that they would be rolling out their own cryptocurrency, JPM Coin to storm the market. While Jaime Dimon, JP Morgan Chase CEO, has railed against cryptocurrency in the past, he said that there was great potential in blockchain. While JP Morgan...

New Hampshire, Indiana, Wyoming Propose New Crypto Tax Bills

Crypto Tax Bills
In recent news, New Hampshire, Indiana and Wyoming have sought approval for crypto tax bills regarding the legal acceptance of cryptocurrencies. Two lawmakers in New Hampshire have proposed a bill that would legalize state-level government agencies to accept cryptocurrencies as a form of payments. House Bill...

Capital Gains Tax Havens for Cryptocurrency

Capital gains tax can wipe out potential profits for crypto-investors. However, there are certain places where capital gains from crypto-trading can be greatly reduced or even completely avoided. These places are called tax havens and they exist all around the world due to different...

The Government is Working Again, Time to File Your Cryptocurrency Taxes

Cryptocurrency Taxes - 2019 calendar with 1040 income tax form for 2018 showing tax day for filing on April 15
The Sooner You Get Your CryptoTax Info The Better Why you might ask, is it better to get your cryptocurrency taxes sooner than later? The answer is fairly simple. Governments around the world are cracking down on cryptocurrency tax avoiders and they are doing it...

Cryptocurrency Taxes: The Dangers of Not Filing

Cryptocurrency Taxes
The IRS is cracking down on crypto users after only a fraction of crypto owners reported on their taxes the last few years. This means that it is important for you to file your Cryptocurrency Taxes. Many crypto users think that they are untraceable...

Ohio Will Allow You to Pay Taxes Using Cryptocurrency

Pay Taxes Using Cryptocurrency
The Ohio State Treasurer wants to allow its residents to pay their taxes using cryptocurrencies. Ohio’s move arose because the state wants to simplify the process of paying taxes. Besides, the state leadership has been fond of the blockchain technology for a...

Cryptocurrency Crash Might Equal Savings On Your Tax Bill

After Bitcoin almost reached $20,000 per coin at the end of 2017, many hoped for a similar bull run as 2018 comes to an end. Unfortunately, it seems like there may be a cryptocurrency crash looming, as Bitcoin has now reached below $4,000 per...

IRS Won’t Provide Supplementary Disclosure Program for Cryptocurrency Transactions

It’s been about a decade since the Bitcoin whitepaper saw the light of day. This duration in the history of the blockchain and cryptocurrencies has been akin to the Wild West. However, the Internal Revenue Services (IRS) is stepping into the scene a little...

Implications of Cryptocurrency Tax on Trade, Mining and Exchange

Cryptocurrency Tax
The cryptocurrency tax is on the Internal Revenue Service’s (IRS) radar now more than ever. The ballooning cryptocurrency market is the main reason leading to this attention. Importantly though, the recognition happened because the law treats trading in cryptocurrencies as a taxable action. Moreover,...

Crypto Tax – What You Need to Know

For many of us, the cryptocurrency market has been a rollercoaster of emotions. You may have started with a small investment, but are now sitting on a healthy profit. Regardless of whether you’re in the positive or not, there’s one thing you shouldn’t neglect...