Cryptocurrency Tax News
The latest developments in crypto tax
Axie Infinity Taxes: What You Need to Know
Jul 4, 2021 — Players are making significant income on Axie Infinity. Learn how to report earnings from axies on your taxes.
What Does a John Doe Summons Mean for Crypto Investors?
Jul 4, 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.
DAO Taxes: What We Know So Far
Mar 1, 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.
Are Ethereum (ETH) Gas Fees Tax Deductible?
Jan 3, 2021 — If you’ve transacted on the Ethereum blockchain, you’ve paid gas fees. Learn how these fees may be able to offset your capital gains and income taxes.
What To Expect From An IRS or CRA Crypto Audit
Jun 3, 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.
The Best Crypto Trading Bots of 2021
Mar 2, 2020 — Check out TokenTax’s recommendations for the best free and paid crypto bots for your cryptocurrency investing and trading.
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.
Does Coinbase Report to the IRS?
Dec 3, 2019 — 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.
5 Best Crypto IRAs
Nov 1, 2019 — You could avoid substantial tax costs by buying crypto with your IRA. Read our run-down of the top bitcoin IRA platforms.
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.
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. Learn how to get your trade data for taxes if you are a New York Bittrex user.
8 Best Lending Platforms for Crypto Loans
Apr 2, 2019 — Thinking about getting a crypto-backed loan? Read about 8 leading DeFi and CeFi crypto lending platforms.
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
How Do Tax Filing Extensions Work?
Mar 4, 2019 — If you need more time after the U.S. April 15 tax deadline to file your crypto taxes, you can file an extension. At TokenTax, we can file your extension for you
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 Accountant
Feb 2, 2019 — Do you need a crypto accountant? Learn the questions to ask when evaluating crypto CPAs.
Having Trouble Reconciling Your Crypto Taxes? We Can Help
Feb 3, 2019 — If you have a complex crypto trading history, missing trade data, or if you’ve been having trouble reconciling your taxes, TokenTax can help.
Wash Sales in Crypto: What Are the Rules?
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?