Posts by GrantI

There are 111 results found

US: Tax Filing Service Says Only 0.04% Of Customers Reported Crypto To IRS For 2017

Fewer than 100 out of 250,000 citizens, or 0.04 percent, who have filed federal tax returns this year to date via personal finance service Credit Karma reported cryptocurrency transactions to the US Internal Revenue Service (IRS), Reuters reported Tuesday, Feb. 13. Credit Karma Tax General Manager Jagjit Chawla said that […]

How to Trade CryptoCurrency Tax Free

Each and every Bitcoin transaction is taxable. If you sell Bitcoin and buy Ethereum, that’s a taxable trade. If you use Bitcoin to buy a laptop on Amazon, that’s a taxable transaction. If you sell bitcoin, hold dollars in your […]

IRS Forms New Team To Track Down Crypto Tax Evaders

The US Internal Revenue Service (IRS) has assembled a team of 10 investigators for international crime investigations as well as for finding tax evaders who use cryptocurrency, Bloomberg reports Thursday, Feb. 8. Chief of the IRS Criminal Investigation Division Don Fort said that the […]