The crypto exchange caused controversy when they stated that the Pepe the Frog meme had been taken over as a symbol of hate by alt-right groups.
The OECD is working on new regulations to prevent crypto from being used to hide assets from the taxman.
If Americans' financial privacy is being infringed, they have the right to know how the government is defending it.
Any cryptocurrency capital gains, capital losses, and taxable income need to be reported on your tax return. You can report your capital gains and...Read more
The IRS can track transactions through 1099 forms issued by major exchanges. In addition, the IRS has worked with contractors like Chainalysis to m...Read more
You are required to report all of your taxable income from cryptocurrency on your tax return, regardless of the amount.Read more
Reporting capital losses comes with a tax benefit. Capital losses can offset capital gains and up to $3,000 of personal income.Read more
Intentionally not reporting cryptocurrency on your taxes is considered tax evasion. The maximum penalty for tax evasion is a $100,000 fine and 5 ye...Read more
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