Cryptocurrency Tax News
The latest developments in crypto tax
The TokenTax Cryptocurrency Affiliate Program
Jan 1, 2020 — Earn cash or crypto with TokenTax’s bitcoin affiliate program. Learn how to create a TokenTax referral link to earn money.
5 Things To Know About Crypto Taxes For Your 2019 Tax Return
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.
Does Coinbase Report to the IRS?
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.
IRS Crypto: The Form 1040 Schedule 1 May Now Ask If You Own Crypto
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.
How To Invest in a Bitcoin IRA: The 5 Best Crypto IRAs
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.
According to IRS Officials: Like-Kind Not Allowed For Crypto (Updated)
Nov 4, 2019 — At the AICPA National Tax Conference, IRS officials stated that like-kind exchange was not intended to be allowed for cryptocurrency.
The IRS Has Released Its First Crypto Tax Guidance Update Since 2014
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.
Measures to Protect Your Cryptocurrency Wallet
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.
Japan's National Tax Agency Is Taking a Closer Look at Cryptocurrency
Jun 3, 2019 — Bitcoin tax help in Japan from TokenTax: Import your crypto trading from any exchange and export the required bitcoin tax forms.
The Cryptopia Shutdown and The Importance of Saving Your Transaction Data
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
Bittrex Is Shutting Down in New York. It's Important to Save Your Transaction Data: Here's How
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
The Tax Benefits of a Crypto Loan
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.
Should I Create an LLC or Corporation for My Crypto Activities?
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
What If I Can’t File My Crypto Taxes in Time? How Do Extensions Work?
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
TokenTax Acquires Crypto CPAs. Now Offering Full Tax Filing
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.
Cryptocurrency Payroll: Tax Guidance for U.S. Employers and Employees
Mar 5, 2019 — Crypto payroll tax guidance from TokenTax: Import your crypto trading from any exchange and also export the required bitcoin tax forms.
Canada Is Launching Crypto Audits: Here’s What to Expect
Mar 1, 2019 — The Canada Revenue Authority is now auditing users of bitcoin and other crypto assets, as per Forbes.
California Looking to Legalize Crypto for Cannabis Tax Payments
Mar 5, 2019 — California lawmakers have introduced a bill that would allow cannabis-related business to pay taxes in stablecoins.
How to Find A Crypto Tax Accountant for Cryptocurrency Tax Preparation
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
3 Fascinating Business-Related Ethereum Projects
Feb 3, 2019 — There are countless innovative projects of emergent tech powered by Ethereum, a token and decentralized platform that encourages creative blockchain projects.
How TokenTax Can Help with Tricky Crypto Tax Situations
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.
Don't Have Your Data From A Shutdown Exchange? TokenTax Can Help
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.
The Liqui Exchange is Closing. Users Need to Download Their Transaction History: Here's How
Jan 1, 2019 — For tax reporting, users need to download their Liqui transaction history now, before it's gone forever.
Wash Sale Trading in Crypto: Is It Worth The Risk?
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?
Crypto Tax Information: New UK Tax Guidelines
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
KPMG: Cryptoassets Are a Big Deal
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
Ohio Is Now Accepting Crypto for Tax Payments. Here’s How It Works.
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.
Can I Really Be Audited for Crypto Taxes?
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.