Paying income taxes is certainly one of the least enjoyable duties known to mankind. And claiming your Bitcoin losses is also sure to rank as your least memorable task of late 2018. However, the Internal Revenue Service (IRS) is not an authority figure to be ignored nor openly defied. Accurate, transparent reporting of your Bitcoin […]
Crypto investors aren’t exempt from taxation: The U.S. tax authority has already provided a guideline for cryptocurrency taxation; they believe cryptocurrency transactions are taxable and these currencies should be treated as an intangible asset. When anyone buys crypto coins and sells them in a market, the investor is liable to pay capital gain tax if […]
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