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UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals

Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new...

UK MP Wants to To Introduce Bitcoin Tax Payments

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also...

Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a...

Ohio Becomes 2nd U.S State to Accept Bitcoin for Tax Payments

In what could be a further critical sign of cryptocurrency adoption in the U.S, businesses in Ohio will shortly be able to pay...

Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While...

UK Government Says It Will Update Crypto Tax Guidance By Early Next Year

UK officials have outlined a range of regulatory steps around cryptoassets and distributed ledger technology (DLT) in a new report. The UK government's "Cryptoasset Taskforce,"...

IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code

On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position...

IRS Advisors Call for More Tax Guidance on Crypto Transactions

An advisory committee to the U.S. Internal Revenue Service (IRS) believes the agency should provide clearer guidelines on how cryptocurrency transactions may be...

Japanese Government Working to Simplify Cryptocurrency Tax Filings

Japan's Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their...

Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

In an open letter to the Internal Revenue Service (IRS), the U.S. House’s Committee on Ways and Means argues that the tax collection...
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