crypto tax
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
TaxBit, a crypto tax software provider for IRS and various institutional clients, raised $130 million in a Series B funding round that valued the startup at $1.33 billion.
Is Crypto Moving to Puerto Rico?
Relocating to Puerto Rico to avoid taxes is simpatico to crypto’s goals. Both are attempts to outrun the state and build an alternative system. “The Hash” panel discusses their take on the wave of wealthy crypto adopters moving to “tax haven” Puerto Rico as they look to take advantage of the island’s generous incentives.
Sen. Lummis Presents New Amendment to $1T Infrastructure Bill on Senate Floor
Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.
Senator Rob Portman Defends Crypto Provision in US Infrastructure Bill
CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses the latest developments to the $1 trillion bipartisan infrastructure bill, including Senator Rob Portman (R-Ohio) defending the controversial crypto provision currently being debated in the Senate. Plus, Nik's thoughts on notable takeaways from SEC Chair Gary Gensler's remarks Tuesday to the Aspen Institute's forum on security.
US Infrastructure Bill Could Be ‘Disastrous’ for Crypto
“The Hash” panel digs into the updated draft language of the U.S. Senate’s $1 trillion bipartisan infrastructure bill, which narrows the definition of “broker” for crypto tax collection purposes. “The repercussions could be disastrous,” host Naomi Brockwell said, should the legislation be formally introduced.
Senate Advances $1T Infrastructure Bill With Crypto Tax Provision
The Senate will vote Friday to move ahead with a $1 trillion bipartisan infrastructure bill which includes a plan to raise $28 billion from collecting a tax on crypto transactions over $10,000. “The Hash” hosts discuss the potential impact and implications.
IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
In its 2021 draft of the 1040 Individual Income Tax Return form, the U.S. Internal Revenue Service (IRS) has more clearly stated how crypto assets should be taxed than 2020. “The Hash” hosts discuss the possible impact of IRS’ efforts to tackle crypto tax evasion.
Plan B Passport Offers Citizenship Services for Crypto Investors Seeking Tax Havens
Katie Ananina is the founder of Plan B Passport, a business that works primarily with Bitcoiners to obtain legal residency status in their choice of six tax-haven nations. She discusses how her company could potentially help people avoid paying crypto taxes.
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
The Internal Revenue Service has requested $32 million in funding to enforce crypto taxation and wants to hire specialized blockchain analytics contractors. This comes on the heels of a ProPublica report which revealed many of the wealthiest people in the world only paid little in income tax. "The Hash" panel digs into the world of tax and crypto.
Tax Day: What You Need to Know for Your Crypto Investments
Tax Day is here, but do you know how to report your crypto earnings and investments? Amy Kim, chief policy officer at the Chamber of Digital Commerce, joins "First Mover" to discuss some of the most common tax mistakes that crypto investors make and the rules and regulations that might impact your crypto investments.
