What is Operation Hidden Treasure? Operation Hidden Treasure was introduced on March 5, 2021, by the IRS Director of the Office of Fraud. You may feel like the IRS is not always on your side, but you cannot argue their creative abilities in naming departments needs a...
Crypto Myth #1: I do not have to pay tax in the United States on my Crypto In conversation revolving around crypto and taxes, one would always hear somebody mention “crypto is not taxable”. Despite crypto being more than a decade old, this myth is still around. In the...
Are you unsure about how crypto tax works in the US? The reality is that the Internal Revenue Service (IRS) guidelines are evolving, which may incentivise behaviour such as “I’ll pay my tax when the IRS finalises their guidelines”. However, new legislation from last...
The much-anticipated Digital Asset Executive Order will be signed today, 9 March 2022. The market is feeling the positivity with the first breath of fresh air, with Bitcoin topping the $41K mark. The Order is the first-ever whole-of-government approach and will be...
Staking tax has been a contentious issue. Joshua and Jessica Jarrett, better known as the Tezos validator who took the Internal Revenue Service (IRS) to court, are creating big waves in the crypto industry, setting a possible precedent for how authorities will tax...
Current Situation United States Crypto Regulations have made headlines and created many discussions in recent months. In 2022 we are seeing a clear focus on regulation in the U.S. especially after the breaking news that the Biden administration wants Crypto...