tax News and Articles


Internal Revenue Service

Crypto investors receive new income-reporting rules from IRS

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Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....

OhioCrypto suspension

Ohio state stops accepting tax payments in bitcoins

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Ohio Treasurer Robert Sprag announced the suspension of the OhioCrypto.com web service, which allowed companies registered in the region to pay taxes in bitcoins. Ohio opened the opportunity for businesses to pay taxes with cryptocurrency in November 2018. The service was organized in partnership...

Singapore’s proposal is to end cryptocurrencies’ GST taxation

Singapore’s proposal is to end cryptocurrencies’ GST taxation

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The taxation agency of Singapore’s government is suggesting to remove goods and services tax from cryptocurrency actions that are serving as a medium of exchange. On July 5 The IRAS published an e-Tax draft guide for regulating the Digital payment tokens sector. If this draft starts to officially...

The Internal Revenue Service of the US will soon present an updated guide related to Bitcoin and other cryptocurrencies

The Internal Revenue Service of the US will soon present an updated guide related to Bitcoin and ...

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In the next few weeks, the Internal Revenue Service of the US is expected to present an updated version of its guidelines, which have a connection to the Bitcoin and other cryptocurrencies. Changes to the document were made under pressure from a group of more than 20 congressmen, who in April...

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