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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...

How Active Crypto Traders Can Save on US Taxes

US Traders Can Save On Their Crypto Taxes With A Few Smart Strategies In 2017, we saw an 1800%+ increase in the price of a single Bitcoin, with the coin reaching an all-time high of $19,783.06 early in December 2017. The year was very positive...

Think you don’t need to worry about paying taxes on crypto? Think again.

No matter what you may think, the IRS knows about your trading and expects you to pay tax on earnings or face hefty penalties. By Ian Hafkenschiel April 17, 2018 Today, GetCryptoTax announced the launch of its flagship web application, which will help cryptocurrency traders calculate capital...

Reduce your Taxes by Donating Bitcoin to Charity

Did you know that you can generate a tax deduction for the market value of your Bitcoin if you donate it to a charitable organization? It is considered a charitable contribution and you don't have to pay taxes on the appreciation! You must donate...

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