Sentences with phrase «taxes over cryptocurrency»

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Chinese regulators have been on the forefront of a global push to rein in the frenzy surrounding cryptocurrencies amid concerns over excessive speculation, money laundering, tax evasion and fraud.

Bitcoin's price spiked over $ 8,000 on Friday, and some experts cite Tax Day as the reason for the cryptocurrency's two - week high.

Market Overview Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears, exchange hacks and other FUD that have plagued crypto - markets since Q1 2018.

Based on the rapid increase in popularity and price of bitcoin and other cryptocurrencies (particularly over the past year), I expect that lots of people have questions about how cryptocurrency will impact their taxes.

The value of all cryptocurrencies crossed $ 380 billion on Friday for the first time in over a month, as the end of U.S. tax season stoked further buying interest in the market.

The exchange was ordered to hand over the records of more than 14,000 customer records between 2013 and 2015 to determine whether users were deliberately avoiding paying tax on their cryptocurrency assets.

The American Bar Association (ABA) Section of Taxation recently proposed temporary rules regarding the federal income tax treatment of cryptocurrency hard forks, many of which occurred over the course of 2017.

Tax deadline for the U.S. is fast approaching and according to Fundstrat Global Advisors, $ 25 billion in tax liability may be looming over U.S. households due to cryptocurrency gaiTax deadline for the U.S. is fast approaching and according to Fundstrat Global Advisors, $ 25 billion in tax liability may be looming over U.S. households due to cryptocurrency gaitax liability may be looming over U.S. households due to cryptocurrency gains.

Companies like Bitcoin IRA let you roll over funds from an existing retirement account such as your 401 (k) into a tax - deferred, cryptocurrency - based individual retirement account.

The country's tax department sent notices about cryptocurrency investing to tens of thousands of citizens after a national survey showed more than $ 3.5 billion worth of transactions have been conducted over a 17 - month period.

Last month, India's income tax authorities said they sent notices to tens of thousands of people dealing in cryptocurrency such as Bitcoin after a nationwide survey revealed transactions of more than $ 3.5 billion over a 17 - month period.

With over 100 years combined tax industry and cryptocurrency experience you can rest assured that your crypto taxes will be handled by industry experts.

Node40 seeks to create a tax declaration software which can be integrated seamlessly with a few select major cryptocurrency exchange platforms all over the world.

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $ 3.5 billion worth of transactions have been conducted over a 17 - month period, the income tax department said.

Cryptocurrency taxes have been a bit of a gray area over the past few years.

Popular US - based cryptocurrency exchange Coinbase issued tax documents to many of its account holders over the past few weeks, stirring up confusion among many crypto investors.

In December last year, India's income tax authorities had sent notices to thousands of people dealing in cryptocurrency such as Bitcoin after nationwide raids revealed transactions of more than $ 3.5 billion over a 17 - month period.

During the meeting, the NCB informed the SIT that about four cryptocurrency - fuelled drugs smuggling transactions have been unearthed in the country in the last over two years time while the tax department informed the panel about the searches it conducted on bitcoin exchanges across the country last year.

The group will determine which agencies will have jurisdiction over the domestic crypto market and create a system for collecting income taxes traced to cryptocurrency trades.

What's even more worrying is the fact that the new rules make it mandatory for cryptocurrency investors to pay taxes on all the crypto transactions they carried out over the past 12 months.

In another twist to the overall story, reports began to circulate in February 2018, that the country was mulling over a series of tax exemptions for cryptocurrency and blockchain technology companies.

As Indian authorities continue to be perfectly ambiguous over guidelines or regulations for cryptocurrency adopters and the industry respectively — bitcoin and cryptocurrencies are neither legal nor illegal, nor regulated in India — the country's official taxation department is perfectly clear on its foray to collect taxes from individuals in the country.

Between tax reform and increasing IRS scrutiny over cryptocurrency exchanges and investors, 2018 is shaping up to be a challenging tax year.

Chinese regulators have been playing a significant role and helped with the push to lead in the frenzy that surrounds cryptocurrency in the midst of concerns over unnecessary speculation, tax evasion, money laundering and fraud.

Chawla also states that he expects the declaration of bitcoin taxes to increase over the coming years due to growth in adoption in 2017, «However, given the popularity of bitcoin and cryptocurrencies in 2017, we'd expect more people to be reporting.»

Over in Ukraine, a new proposal revolves around making Bitcoin and other cryptocurrencies tax - exempt in the near future.

Spanish tax authorities have sent requests for information on cryptocurrency investors to over 60 companies, a source at the country's tax agency confirmed...

Cryptocurrency over Taxes Four - time...

South Korean cryptocurrency exchanges will hand over tax on almost $ 650 mln in revenues by the end of April.

Cryptocurrency exchange Coinbase will be turning over information on 14,000 of its users to the IRS — Uncle Sam's tax collectors — ...

Government concern over cryptocurrencies has largely centred around the potential for money laundering, terrorism - financing and tax evasion.

Speaking to Reuters, tax officials in India have revealed that the country's citizens participated in over $ 3.5 billion in transactions and investments into cryptocurrencies like bitcoin, ethereum and ripple over a 17 - month period leading up to 2018.

Spain's official tax agency has reportedly sought names and trading data of cryptocurrency adopters by requesting the details from over 60 companies.

Now investors will no longer be able to avoid income tax on these trades without holding onto a specific cryptocurrency for over a year.