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The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces…
Andreessen Horowitz crypto executive Miles Jennings criticized Illinois’ newly enacted Digital Asset Privilege Tax Act on June 17, calling it “one of the most anti-crypto laws in the US.” The…
Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time…
Crypto tax software solutions help users manage their tax responsibilities, while also allowing them to monitor their portfolio from a single dashboard. As use cases for cryptocurrencies proliferate, taxes inevitably…
There’s no two ways around it anymore – people who engage with cryptocurrencies are expected to fulfil their tax obligations on profits earned from their crypto-related activities. However, not every…
Crypto tax software tools have made fulfilling tax obligations easier. Instead of manually scanning through piles of crypto transactions every tax year, these automated tools help users to file tax…
In recent years, an increasing number of retailers and institutions have joined the crypto bandwagon, investing and trading in the market. If you’re a tax professional, chances are you’ve found…
Profiting from crypto feels great, but it can also come with painful tax bills. Smart investors, however, understand there are legal ways to reduce (or even avoid) paying taxes on…
Filing your crypto taxes this year? The following step-by-step guide explains how to properly report crypto earnings in the US, UK, and Europe – plus, we compare some of the…
Over the past decade, the cryptocurrency market has grown from a pennies-worth ecosystem into a trillion-dollar industry. This is unsurprising as the market has won the hearts of retail investors,…