Cryptocurrencies And Taxes

What I Learned from My CPA About Cryptocurrency Taxes in the USA team of civilian researchers has discovered the wreck of the USS Indianapolis, a US Navy cruiser which Imperial Japanese forces sunk in July 1945 to the loss of …

Jan 4, 2018 … I want to make this post a meaningful discussion about American taxes that has three goals: * **Helping those of us with significant crypto…

Jan 5, 2018 … As Bitcoin and other cryptocurrencies have become more popular, the practice of paying employees or freelancers in cryptocurrency has risen in popularity as well . While no cryptocurrency has been classified as legal tender in the United States , the IRS taxes income earned or paid in cryptocurrency just …

In essence, the IRS will tax all transactions related to mining, spending, trading, exchanging and airdropping of cryptocurrencies. With only a handful of crypto …

Dec 25, 2017 … The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event. On Friday morning, U.S. President Donald Trump signed a new tax bill into law, signalling the first …

But what makes these other cryptocurrencies any different from bitcoin … a car could be tracked from the production of its parts and where it was assembled, to …

Researchers at Boston University studying deceased football players’ brains released new findings earlier this week on the potential connection between the athletes …

Jan 4, 2018 … Exchange and wallet service provider Coinbase appears to be taking early steps to remind customers about their upcoming tax obligations. With the U.S. tax year having ended on Dec. 31, the company's users are now faced with a banner placed at the top of their dashboard, stating "Please remember to …

Jan 5, 2018 … You can't avoid death and taxes…. We look at the rules and tax minimisation strategies when it comes to your Bitcoin, Etherium and cryptocurrency profits.

For tax purposes, in the U.S., cryptocurrency is generally treated as property (a capital asset like stocks, bonds, and other investment properties). It is not …

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Cryptocurrency and taxes. A John Doe summons from the IRS to Coinbase is the latest development in the IRS's attempt to deal with these new forms of currency.

Cryptocurrencies have no intrinsic value, whereas fiat currencies certainly do, …

2018-01-03  · It is crucial to understand how virtual currency transactions are treated for tax purposes. The taxation of cryptocurrencies will likely continue to become …

While the government is planning to take out cryptocurrencies, taxmen are …

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