Cryptocurrency taxation has become a major focus in the United States where recently, with the Internal Revenue Service (IRS) clamping down on tax defaulters. The IRS released letters to over 10,000 crypto investors in June this year and later in October released another tax guidance to support the one published in 2014. The recently released guidance which focused mainly on … [Read more...] about Top 3 Crypto Tax Information Platforms that make Crypto Tax Filing Easy
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There is no Excuse for Crypto Investors to be Confused on Tax – IRS Chief
Following the release of the controversial crypto tax guidance by the Internal Revenue Service (IRS) the commissioner of the service Charles Rettig says taxpayers have no reason to be confused about filing cryptocurrency taxes. The commissioner was speaking at a Philadelphia conference by the tax section of the American Bar Association as reported by Blombergtax. Who’s not … [Read more...] about There is no Excuse for Crypto Investors to be Confused on Tax – IRS Chief
IRS to Tackle Information Reporting in its next Crypto Tax Guidance Release
Following the release of the first cryptocurrency tax guidance since 2014 which focused on filling crypto taxes, the IRS has disclosed that it will be focusing its attention on information reporting in the next guidance release. The service’s senior counsel Michael Desmond said during a Washington event hosted by the Tax Policy Center on 17 October. This is because access to … [Read more...] about IRS to Tackle Information Reporting in its next Crypto Tax Guidance Release
What is Blockchain Technology? – Interesting Facts
Blockchain technology is regularly connected with bitcoin and different cryptocurrencies, however, that is only a hint of the iceberg. A few people think blockchain could finish up transforming a number of significant businesses, from politics to health care. The entire blockchain is held on this huge network of computers, implying that nobody individual has control over its … [Read more...] about What is Blockchain Technology? – Interesting Facts
Blockchain May Be Fueling The Green Energy Revolution
Technology plays an important role in the welfare of humans as well as the earth. Nowadays, people live longer than before because of the introduction of new and advanced medical procedures. Apart from this, technology can also save the environment with cryptocurrency going green. Blockchain has the potential to fuel the green energy revolution and change the business world. … [Read more...] about Blockchain May Be Fueling The Green Energy Revolution
