IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog – CoinDesk

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Hodlers Can Donate Crypto to Charity to Minimize Tax Payments Nearly a year later, the agency’s own Taxpayer Advocate Service is alleging that letter violated the Taxpayer Bill of Rights, adopted by the IRS under pressure from Congress.The little-noticed controversy over Letter 6173 is part of an emerging struggle over codified rights supposedly guaranteed to…

Crypto Taxes: Still Confused After All These Years – CoinDesk

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Hodlers Can Donate Crypto to Charity to Minimize Tax Payments But, even today, it’s arguable whether we have greater clarity than before.Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.For example, Rev.Rul.2019-24 describes an “airdrop after a hard fork.” However these are independent and unrelated events,…

US SEC and CFTC Fine Cryptocurrency Investment Platform Abra for Illegal Swaps

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Abra has come under fire from U.S.regulators for offering illegal swaps to U.S.retail investors.This sets an alarming tone for the decentralized finance field, which is currently booming.SEC and CFTC Fine Abra $300k According to a press release by the U.S.Securities and Exchange Commission (SEC) on Monday (July 13, 2020), Abra and its Philippines-based partner Plutus…

Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes – Accu-rate

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admin 0 Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh.Here’s the story: You’re reading Blockchain Bites , the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.You can subscribe to this and…

Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes – CoinDesk

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Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh.Here’s the story: You’re reading Blockchain Bites , the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.You can subscribe to this and all of…

Charles Hoskinson: Elon Musk Could Have an Opinion on the Cardano Network with its Delegated Democracy Governance Model

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Input Output (IOHK) CEO and founder of Cardano Charles Hoskinson recently discussed the future of governance on the Cardano network in his YouTube video .The problem with governance is when large actors are able to decide, they could transform a protocol into something that would preserve the monopolies they already have. Regarding the issues of…

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