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Crypto News
E&Y Launches Tax Calculator to Simplify Crypto Tax Reporting
Ernst & Young LLP has unveiled a Tax Calculator solution to tackle a surge in tax audits that have targeted individuals trading cryptocurrency.
Crypto News
IRS Simplifies Cryptocurrency Reporting Requirements for U.S. Taxpayers
The U.S. tax department IRS elucidated that American investors who purchased crypto through fiat are not required to report their purchase activities.
Crypto News
IRS Clarifies Virtual Currency Question on 2020 Form 1040
On October 23, 2020, the Internal Revenue Service (IRS) released draft instructions for the 2020 Form 1040, spotlighting its virtual currency question on.