Tax

How To File Cryptotaxes This Year

March 1, 2020
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The International Revenue Service set the US Tax Season 2020 in motion starting on Jan. 27, for individual tax returns. This new year also brings many culminating developments in cryptocurrency taxation with strengthened investigative efforts.  According to a Notice published by the IRS, the general principles of taxation will apply the same for virtual currency […]

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4 Tips on Cashing out Bitcoin Without Paying Huge Taxes

December 12, 2019
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If you sold bitcoins or used crypto to buy anything, you owe the IRS taxes. The U.S. government caught up with the times and decided bitcoin is property. That means any purchase you make with bitcoin has to be reported on your taxes. In fact, in almost every country now you are liable to pay taxes on profits acquired from cryptocurrency […]

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