Cryptocurrency Tax News
The latest developments in crypto tax
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 New State Tax Filing Deadlines for 2020
Mar 2, 2020 — The federal tax filing deadline has been pushed to July due to Covid-19, but you may still need to file earlier. These are the tax deadlines for each state.
The Best Crypto Trading Bots on the Market
Mar 2, 2020 — Check out TokenTax’s recommendations for the best crypto bots for your style of 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.
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 — The IRS taxes crypto and has received user information from Coinbase for tax compliance purposes. Learn what Coinbase has reported and what this means for you.
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.
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.
The 8 Best Custodial & Non-Custodial Crypto Loan Platforms
Apr 2, 2019 — Thinking about getting a crypto loan? Read about the best crypto backed loans. Learn more about crypto loans without collateral in DeFi.
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 an Accountant for Cryptocurrency
Feb 2, 2019 — Learn what to look for in a crypto CPA: Find an accounting firm familiar with crypto accounting and tax return filing. Get your cryptocurrency taxes done right.
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 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?