U.S. Crypto Tax Special Edition Newsletter 🔎

The U.S. tax system is experiencing a wild moment in history with filing taxes...

View this email in your browser The U.S. tax system is experiencing a wild moment in history with filing taxes now postponed until July. What does that mean for crypto holders? In this special newsletter, Cointelegraph is hoping to help our U.S. audience navigate through this difficult situation and find some answers to all of their crypto tax-related questions. Below, you'll find articles and features covering the IRS's new crypto tax question, details on the now-postponed filing date, and how to declare crypto gains or losses legally and in compliance with U.S. regulations. What kind of transactions can be taxed? Selling crypto for cash or fiat; Paying for goods or services with crypto; Buying one cryptocurrency with another cryptocurrency; Receiving mined crypto; Being paid in crypto or by airdrop; Receiving crypto rewards for staking or interest earned. What kinds of transactions are untaxable? Donating crypto to a tax-exempt company; Holding crypto bought with cash; Transferring crypto between wallets. Trivia question: What is the maximum amount of crypto you can give in charitable donations annually? Answer below! 3/17/20: U.S. takes regulatory steps for blockchain technology adoption After some regulatory uncertainty, the U.S. has started its journey toward regulation for the blockchain and DLT industry. Read more 3/4/20: Crypto taxes a "nightmare" — Congress hears the latest on blockchain for small business A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. Read more 3/3/20: From taxes to transparency: The IRS gets schooled on crypto A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation. Read more 2/24/20: IRS crypto tax return question — be careful how you answer The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. Read more 1/29/20: Are you ready for the new crypto tax season? All you need to know for Crypto Tax Season 2020: new guidance, rules and nuances. Be ready to inform the IRS about your crypto. Read more 1/8/20: Crypto tax reporting failures can be expensive, even criminal The rules and regulations surrounding cryptocurrency are complex, but accurate reporting is crucial to avoiding penalties. Read more 10/19/19: New IRS guidance: How to report crypto assets accurately Understanding the new IRS guidance for cryptocurrency. Read more Trivia answer: You can give a maximum of $15,000 annually to charitable donations! After that, you have to file a gift tax form with the IRS. 1.5 mln people follow us on social media Download our official app:

This email was sent to olaiyavf01.elloveth@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences Cointelegraph · PO box 309 · Ugland House, Grand Cayman KY1-1104 · Cayman Islands