For the first time, crypto exchanges will report your transactions to the IRS on Form 1099-DA. Learn what this means for your ...

As the April tax deadline approaches for more than 340 million Americans, crypto taxes are once again in the spotlight. But what’s different this year? Starting this year, the Internal Revenue Service ...

According to digital asset tax experts, the 2026 filing season will be messy and a minefield for most crypto investors.

Bitcoin resting on a calculator beside IRS Form 1040, symbolizing cryptocurrency trading and individual income tax obligations. Concept: it’s time to pay taxes on crypto transactions. Tax season is in ...

The IRS classifies cryptocurrency as property (and not a currency) for the purposes of taxation. This is similar to real estate — when you buy or sell cryptocurrency, you are assessed capital gains or ...

Investors might be able to take advantage of the recent crypto market downturn in order to lower their taxable income.

CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- A pioneer in accounting and tax reporting solutions for digital assets, Formidium Corp, based in Chicago, Illinois has launched its portal CryptoTax360.io.

A sweeping crackdown on crypto tax evasion took effect Thursday as the UK and 47 other countries launched mandatory transaction reporting for digital assets under new OECD-developed rules. According ...

US lawmakers have introduced a bipartisan crypto tax bill that that would close wash sale loophole in the industry.

Cryptocurrency exchanges, which act like banks for the industry allowing people to exchange standard currency for virtual ...

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...