Hodlers Can Donate Crypto to Charity to Minimize Tax Payments Even the IRS admits the guidance leaves questions unanswered.An IRS official said taxpayers should take advantage of both the forms that exchanges are issuing to list taxable events and the different software tools that have been built to help simplify the process.The official, who did…
IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog – CoinDesk
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
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,…
Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’ – CoinDesk
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments Even the IRS admits the guidance leaves questions unanswered.An IRS official said taxpayers should take advantage of both the forms that exchanges are issuing to list taxable events and the different software tools that have been built to help simplify the process.The official, who did…
Bank of England Considering a Central Bank Digital Currency, Governor Says
Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Bank of England Considering a Central Bank Digital Currency, Governor Says Bank of England Considering a Central Bank Digital Currency, Governor Says July 14, 2020 Jul 14, 2020 at 09:00 UTC Updated Jul 14, 2020 at 09:02 UTC Bank of England.(Aslysun/Shutterstock) The U.K.’s central bank…
US SEC and CFTC Fine Cryptocurrency Investment Platform Abra for Illegal Swaps
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
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…
Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes – Accu-rate
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
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
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…