IRS News

The Internal Revenue Service or IRS is a public authority of Federal Government of the United States. The IRS is responsible for all tax collection and controls the implementation of tax legislation. The service was formed in 1862 and is headquartered in Washington, D.C.

There is currently an essential issue concerning the IRS with regards to the taxation of cryptocurrency. The organization has already announced that Bitcoin and other kinds of digital money are regarded as a possession, mining as a way of income, and the storing of cryptocurrency as equivalent to holding gold, meaning that everything should be taxed using the existing laws. Due to the IRS, if a Bitcoin owner came into possession of it by mining and then sold it, it is supposed to be considered 100% profit, which should be taxed between 15% and 20%, depending on its size. In addition to that, the IRS requested some large cryptocurrency exchange administrations for information about clients whose transactions were more than $20,000/year between 2013-2016.

Expert Take
Avec la chute du marché, il y aura de grosses pertes à déclarer sur vos impôts, n'est-ce pas ? Eh bien, voyons les choses en détail.
Conseils pour réclamer des pertes fiscales auprès de l'Internal Revenue Service des États-Unis
Robert W. Wood
2022-05-29T20:00:00+01:00
News
Les organisations à but non lucratif sont tenues de remplir le formulaire 8282 de l'IRS pour les dons de cryptomonnaies de 500 dollars ou plus si les fonds donn...
Une startup de dons crypto lance un formulaire IRS à l'approche de la période d'imposition aux États-Unis
Helen Partz
2022-03-29T18:36:20+01:00