Income

US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
May 14, 2020 at 14:31
News
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.
5 COVID-Related Cryptocurrency Scams that Can Trick You Out of Your Money
Apr 21, 2020 at 10:55
News
5 COVID-Related Cryptocurrency Scams that Can Trick You Out of Your Money
While most of the world is in a lockdown due to the COVID-19 pandemic, many people have lost their jobs or sources of income. While searching for a way to improve the situation, it is rather easy to fall victim to a fraudulent scheme.
Forget About Classic Lotteries: Blockchain Lotteries are Here to Stay
Apr 09, 2020 at 09:30
News
Forget About Classic Lotteries: Blockchain Lotteries are Here to Stay
The lottery market is one of the few industries that has been steadily growing at above-average rates for decades.
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
Mar 01, 2020 at 11:46
News
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.
Tax Experts Suggest Gradual Income Tariff Imposition on Bitcoin
Feb 28, 2020 at 09:22
News
Tax Experts Suggest Gradual Income Tariff Imposition on Bitcoin
Some tax experts in South Korea suggested that they first adopt low-level transaction taxes for the practical application of cryptocurrency taxation, and then gradually switch to applying capital gains tax. In the absence of a cryptocurrency-related bill, it is difficult to track all of the trading profits of investors, so it is reasonable to initially introduce a trading tax that proves only the existence of a transaction.
Schools in China to Start Blockchain-based Online Studies Due to Coronavirus
Feb 17, 2020 at 11:59
News
Schools in China to Start Blockchain-based Online Studies Due to Coronavirus
Due to the massive Coronavirus (CoV) outbreak in China, a lot of academic institutions have suspended school term.
Bitcoin Supporting US Presidential Candidate Drops out of Race Nine Months from Polling Day
Feb 13, 2020 at 13:49
News
Bitcoin Supporting US Presidential Candidate Drops out of Race Nine Months from Polling Day
Andrew Yang, the Bitcoin supporter running for US president, dropped out of the presidential race with just nine months left until polling day. Yang who came into the limelight in 2017 after declaring his intentions to run for president is popular for supporting crypto especially bitcoin. Andrew cited small followers as the main reason for dropping out of the competitive upcoming elections.
DLease.io - A Startup Offering Passive Returns to Crypto "Hodlers" with Minimal Downside Risk
Mar 26, 2019 at 16:25
News
DLease.io - A Startup Offering Passive Returns to Crypto "Hodlers" with Minimal Downside Risk
Crypto "hodlers" just received a way to earn passive income from their cryptocurrency stakeholdings. DLease.io, a new Steem-based application, recently launched its professional-grade leasing platform, which allows STEEM token holders to earn additional coins through its peer-2-peer leasing program. With an average Annual Percentage Rate of double digits for the past 12 months in its closed community beta, the DLease app offers passive returns not common to the cryptocurrency industry.
Earnings From Bitcoin are Now Subject to Income Tax in Romania
Jan 23, 2019 at 10:21
News
Earnings From Bitcoin are Now Subject to Income Tax in Romania
Law 30/2019 amending the Fiscal Code became active on Sunday January 20, 2019 and introduces freshness to the system of Romania, viz. classifying the profits accumulated from Bitcoin (BTC), the flagship crypto and other cryptoassets as financial gain accruing over a given period of time from other sources.
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