IRS Playing Fair With Transparent Crypto Tax Filings

Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save crypto traders thousands in tax bills. IRS Appreciates Detailed Crypto Transaction and Trading History A detailed history of crypto transactions and sales may significantly reduce the outstanding […]

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Bitcoin Weekly Price Stays in the Green Despite Tough Week

Bitcoin price has somehow managed to remain in the green over the past 7 days despite a string of unfavourable events. Regulators remain hawkish, tax authorities are tightening their grip and Facebook’s Libra is back under scrutiny again. Bitcoin Holds Fast as Regulators Swoop In on Libra, Telegram Just ahead of the weekend, the market […]

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Bitcoin Price Inaction, India Ban, and Sanction Busting –

The United Kingdom gained a new Prime Minister this week, voted for by Conservative party members. But will Boris be bad for Bitcoin? Or perhaps cause prices to rise? Maybe Boris isn’t the answer to all our questions and we should be looking elsewhere… like the rest of the weeks news, for instance. Bitcoin Price: Down But […]

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Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in cryptocurrency and Bitcoin tax filings next year. Record Loss Claims in Cryptocurrency Tax Filings In a press release by NODE40 – a cryptocurrency accounting firm, the company […]

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