Mar
17
What do you need to know about donating to Cryptocurrency-friendly Charities? There are many charities where you are allowed to donate cryptocurrency, and nonprofits, too. They include: The Water Project Internet Archive Humanity Road Tor Project The Electronic Frontier Foundation Code to Inspire United Way Red Cross Again, not all the entities in the list […]
Sep
30
Does the IRS tax cryptocurrency? Yes, they DO. And if you trade in cryptocurrency, don’t lie to the IRS about it–or ignore their communication with you regarding such cryptocurrency issues. That’s the latest word from a variety of sources including the Internal Revenue Service itself, which reminds traders, “Virtual currency transactions are taxable by law […]
Jul
15
What is the relationship between cryptocurrencies like Bitcoin and the IRS? I remember starting out as a freelance writer and not understanding how certain tax requirements applied to me–I missed out on thousands of dollars in business-related tax write-offs because I was ignorant of the rules. The same kinds of problems are possible with […]
Dec
5
To earn revenue from the growing cryptocurrency market, more policymakers have opted to boost taxes. They exploited legislation to drive their tax policies. Governments ‘ revenue agencies use various methods to collect taxes. Their tax collection system relies on their jurisdiction’s tax laws. The tax laws of one’s nation can boost an individual’s ability to […]
Sep
6
Gaining an in-depth understanding of both state laws and Federal laws helps to reduce the risks of making costly errors when reporting taxes. More states are creating laws that affect how taxation should be paid for cryptocurrencies. While this makes it harder to keep up with tax obligations, there are several benefits to keeping in […]
