Cryptocurrency Tax News

Jan 5, 2020 — Learn everything you need to know for filing crypto taxes on your 2019 tax return. We go into detail about what's changed with crypto taxes in 2019.

Dec 3, 2019 — Coinbase may have reported information about your crypto to the IRS. Find out why, and learn how to file properly for digital currencies.

Dec 1, 2019 — The 1040 Schedule 1 is one of the most common U.S. tax forms, and in the 2019 tax season, it may ask taxpayers whether they have transacted crypto.

Nov 1, 2019 — You can put cryptocurrency in an IRA account to grow your crypto investments tax free or tax deferred. We ranked the five best crypto IRA companies.

Nov 4, 2019 — At the AICPA National Tax Conference, IRS officials stated that like-kind exchange was not intended to be allowed for cryptocurrency.

Oct 3, 2019 — In a new FAQ, the IRS has supplied new answers regarding cryptocurrency tax treatment for situations like crypto hard forks and air drops.

Jun 1, 2019 — Help from TokenTax for protecting your crypto wallet: Import your crypto trading from any exchange and export the required bitcoin tax forms with TokenTax.

Jun 3, 2019 — Bitcoin tax help in Japan from TokenTax: Import your crypto trading from any exchange and export the required bitcoin tax forms.

May 1, 2019 — Why you should keep a running archive of your transaction histories for taxes, and how TokenTax can help if you lost trade data on Cryptopia

Apr 4, 2019 — Bittrex is shutting down NY operations Bittrex was denied their a Bitlicense. Be sure to save your trade data just in case — you will need it for taxes

Apr 2, 2019 — If you need to sell crypto to pay taxes but don't want to trigger taxable gains, you can take out a crypto loan. Learn crypto loans work and the tax benefits.

Apr 2, 2019 — If you are trading, mining, or earning crypto income, then there could be benefits to creating an entity like an LLC or corporation for cryptocurrency

Mar 4, 2019 — If you need more time after the U.S. April 15 tax deadline to complete your crypto taxes, you can file an extension. At TokenTax, we file extensions for free

Mar 1, 2019 — TokenTax has acquired Crypto CPAs, one of the first CPA firms in the crypto space. Their co-founder Andrew will be joining us as TokenTax’s Head of Taxation.

Mar 5, 2019 — Crypto payroll tax guidance from TokenTax: Import your crypto trading from any exchange and also export the required bitcoin tax forms.

Mar 1, 2019 — The Canada Revenue Authority is now auditing users of bitcoin and other crypto assets, as per Forbes.

Mar 5, 2019 — California lawmakers have introduced a bill that would allow cannabis-related business to pay taxes in stablecoins.

Feb 2, 2019 — Learn what to look for in a crypto tax advisor: Find a cryptocurrency tax professional familiar with crypto tax guidance and tax return filing

Feb 3, 2019 — There are countless innovative implementations of this emergent tech that are powered by Ethereum, a token and decentralized app platform that encourages creative blockchain projects. Here are three such projects I’ve discovered that fascinates me due to their potential to revolutionize the way I do business.

Feb 1, 2019 — Find out how TokenTax specializes in complex crypto tax situations like lost coins, illiquid ICO coins, large transaction counts from bots, and more.

Feb 3, 2019 — Transaction history from exchanges is vital for reporting crypto taxes. If you lost data in an unexpected exchange shutdown, TokenTax can fill in the gaps.

Feb 4, 2019 — Introducing our new affiliate program. Refer new users to TokenTax and earn commission!

Jan 1, 2019 — For tax reporting, users need to download their Liqui transaction history now, before it's gone forever.

Jan 5, 2019 — Cryptocurrency has been defined as property or assets by government bodies, thus exempting it from wash sale rules — but what if policy changes?

Jan 1, 2019 — The HMRC just released a policy paper outlining its most recent views on cryptocurrency taxation for individuals. Learn more about UK crypto tax from TokenTax

Nov 1, 2018 — KPMG, a Big 4 Accounting Firm, released a report breaking down the cryptoasset space. This report provides an overview crypto's market and adoption

Nov 1, 2018 — Ohio is the first United States state to accept bitcoin for taxes. Businesses in any part of the Buckeye State may now be able to pay their taxes in crypto.

Nov 1, 2018 — On October 1, 2018, the IRS swore in a new commissioner, Charles Rettig. We explore how this can lead to an increased risk of a crypto tax audit.