Cryptocurrency Tax News

Aug 31st, 2021 — Did you receive an IRS Letter 6173, 6174, or 6174-A or a CP2000 notice for your crypto taxes? Learn what these letters mean and what actions you need to take.

Aug 31st, 2021 — Learn how to handle your crypto taxes if you have lent to margin traders on Bitfinex or used margin exchanges like Bitmex, Bybit, Deribit, and Kraken.

Aug 31st, 2021 — Crypto tax can get a little tricky when it comes to gifts. We explain how taxes work for both giving and receiving gifts of cryptocurrency.

Sep 1st, 2021 — Learn about the IRS' guidance on how crypto airdrops and hard forks are taxed.

Aug 31st, 2021 — Stablecoins, like DAI, USDC, PAX, and USDT, are typically pegged to a fiat currency like the U.S. dollar. Here's how cryptocurrency tax works for these assets.

Aug 26th, 2021 — Learn more about crypto mining taxes, including what expenses can be deducted.

Aug 26th, 2021 — FinCEN has indicated that it will require an FBAR for crypto holdings of $10,000 or more on foreign exchanges. Learn more about the change and how to file.

Sep 1st, 2021 — Crypto tax rates depend on your income level and how long you held the cryptocurrency. Find out what yours may be.

Aug 26th, 2021 — Tokens earned from staking and yield farming are taxable, usually as income. Read more about crypto rewards tax treatment.

Aug 26th, 2021 — Don’t panic if you’ve received a Form 1099-MISC, 1099-K, or 1099-B from a crypto exchange such as Coinbase. Learn what these forms mean for your crypto taxes.

Aug 26th, 2021 — Your tax rate depends on how long you've held an asset. We explain the difference between long-term and short-term capital gains

Aug 14th, 2021 — Crypto debit cards make it easy to use crypto for everyday transactions. We introduce top card providers and discuss what crypto debit cards mean for taxes.

Sep 13th, 2021 — Players are making significant income on Axie Infinity. Learn how to report earnings from axies on your taxes.

Aug 14th, 2021 — Recently, the IRS won John Doe summonses for several major crypto exchanges. We explain what this summons is and what it might mean for you.

Aug 14th, 2021 — There’s a lot of uncertainty about the taxation of DAO (Decentralized Autonomous Organization) profits and payments. We outline what you need to know.

Aug 14th, 2021 — If you’ve made a transaction on Ethereum blockchain, you’ve paid gas fees. Learn how these fees may be able to offset your capital gains and income taxes.

Aug 19th, 2020 — Tax authorities, like the IRS or CRA, may audit you if you traded cryptocurrency. Learn what to expect and how to prepare yourself for a crypto tax audit.

Aug 25th, 2021 — Check out TokenTax’s recommendations for the best free and paid crypto bots for your cryptocurrency investing and trading.

Aug 24th, 2021 — Earn cash or crypto with TokenTax’s bitcoin affiliate program. Learn how to create a TokenTax referral link to earn money.

Jul 29th, 2021 — The IRS taxes crypto and has received user information from Coinbase for tax compliance purposes. Learn what Coinbase reports and what this means for you.

Jul 29th, 2021 — You could avoid substantial tax costs by buying crypto with your IRA. Read our run-down of the top bitcoin IRA platforms.

Sep 1st, 2021 — In a new FAQ, the IRS has supplied new answers regarding cryptocurrency tax treatment for situations like crypto hard forks and air drops.

Aug 19th, 2020 — Bittrex is shutting down NY operations. Learn how to get your trade data for taxes if you are a New York Bittrex user.

Aug 9th, 2021 — Thinking about getting a crypto-backed loan? Read about 8 leading DeFi and CeFi crypto lending platforms.

Aug 14th, 2021 — If you are trading, mining, or earning crypto income, there could be benefits to creating an entity like an LLC or corporation. Learn more.

Aug 14th, 2021 — If you're not finished filing after the tax deadline, you can file an extension or have your crypto tax professional do it for you. Learn the process.

Sep 1st, 2021 — California lawmakers have introduced a bill that would allow cannabis-related business to pay taxes in stablecoins.

Jun 18th, 2021 — Do you need a crypto accountant? Learn the questions to ask when evaluating crypto CPAs.

Aug 31st, 2021 — If you have a complex crypto trading history, missing trade data, or if you’ve been having trouble reconciling your taxes, TokenTax can help.

Aug 14th, 2021 — Cryptocurrency has been defined as property or assets by government bodies, thus exempting it from wash sale rules — but what if policy changes?