Tag: IRS

Best Crypto Tax Tools

Best Crypto Tax Software: Top 8 Tax Tools for Crypto

Ben Franklin said the only thing in life that’s certain is death and taxes, and while cryptocurrencies wouldn’t be created for another 240 years, the same remains true today. If you have income from crypto, you need to pay the...

/ February 8, 2020
Turn Crypto Losses Tax Gains

How to Turn 2018 Crypto Losses into Tax Savings

Let’s face it, 2018 was a pretty tough year for cryptocurrency markets. As we fast approach the end of the year, many traders are licking their wounds and trying to reconcile which coins are worth Hodling and which should be...

/ October 31, 2018
Tax Implications Crypto Mining

The Tax Implications of Home Crypto Mining: How Does it Work?

While it seems many U.S. citizens haven’t been paying taxes on their Bitcoin mining activity, it is important for you to know that mining bitcoin is not exempt from taxes in the U.S. It doesn’t matter if you’re mining specifically...

/ May 25, 2018
CryptoCurrency Loophole 1031

Bad News for Crypto Investors in New U.S. Tax Bill

The Trump administration has just signed into law a new tax bill that is set to be a major overhaul to the U.S. tax regime. There has been a lot of talks about how the tax bill is likely to...

/ December 26, 2017
Coinbase hands IRS Data

The IRS Strikes: Coinbase Under Siege For Customer Info

In 2016, the United States IRS demanded that Coinbase provide them with information about all of their U.S. based customers, including their purchase histories. Coinbase refused. This year, the IRS is back on the hunt. This time, they are only...

/ November 30, 2017
Crypto Tax Primer

As Crypto Craze Grows, So Too Do Tax Implications: a Brief Tax Primer

As the altcoin market rebounds with the indefinite cancellation of Bitcoin’s controversial SegWit2x update, many of us in the crypto community are “in the green”—our portfolios have started to see gains across the board. And while these gains naturally have...

/ November 9, 2017