News with the tag "crypto taxes"

In January, following Donald Trump's inauguration, reports emerged claiming that his son, Eric Trump, had confirmed that U.S.-based cryptocurrencies would eventually be exempt from capital gains tax, while non-U.S. based cryptocurrencies would face a 30% tax. The elimination of capital gains taxes o...

In today’s issue, we get ready for tax time as Anthony Tuths from KPMG provides an overview of crypto tax preparation and the rules to follow. Then, Layne Nadeau from NVAL answers questions about taxes and NFTs in Ask and Expert. – Sarah Morton Tax time – What You Need To Know About Crypto Taxes The...

Rumors have surfaced about potential crypto tax reforms as Donald Trump’s official memecoin, TRUMP, hits $71 billion in fully diluted value and rises to the 15th-largest crypto in the world.

Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto Exchanges More Time to Implement Platform Upgrades Confusio...

India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.

The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF). Crypto Review In Japan The Need Of The Hour Speaking with Bloomberg on the condition of anonymity, an official at ...

They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.

The Biden administration is imposing reporting requirements for crypto platforms to ensure that Americans file accurate taxes on digital asset transactions. On Friday, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalized rules that require crypto brokers to report to ...

The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate is...