by CountDeFi Author | Oct 14, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
Introduction The IRS has made it clear: ignoring crypto taxes is no longer an option. Over the years, we have witnessed a surge in enforcement actions, new guidelines, and high-profile court cases as the IRS ramps up its efforts to ensure compliance in the crypto...
by CountDeFi Author | Oct 11, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
Unmasking Shocking Crypto Fraud and Pump-and-Dump Scheme: 18 Charged in Global Operation Exposing $25 Million Scam In a groundbreaking effort for a cryptocurrency fraud crackdown, 18 individuals and entities have been charged following an international operation led...
by CountDeFi Author | Oct 10, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
Essential Differences Between Universal vs Wallet-Based Cost Tracking for Crypto in the US: Understanding Recent IRS Developments Cryptocurrency tax reporting is a complex process, and one of the primary challenges is selecting the right cost tracking method. For...
by CountDeFi Author | Oct 9, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
Ahlgren, the IRS, and Bitcoin: A Shocking Crypto Tax Fraud Case with Potential 3-Year Prison Sentence In a recent crypto tax fraud case, Frank Richard Ahlgren III, an early Bitcoin investor, pleaded guilty to tax fraud related to cryptocurrency gains. This case...
by CountDeFi Author | Oct 8, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
IRS Revenue Procedure 2024-28 Crypto Taxation: Crucial Updates for Successful Crypto Traders in 2024 The IRS recently released Revenue Procedure 2024-28, providing crucial updates for crypto traders. This new guidance has significant implications for how digital...
by CountDeFi Author | Oct 6, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, United States
Crypto Tax Loss Harvesting: Powerful Strategies to Maximize Savings for U.S. Crypto Traders What is Crypto Tax Loss Harvesting? Crypto tax loss harvesting is a tax strategy involving the sale of cryptocurrency assets at a loss to offset gains from other trades or...
by CountDeFi Author | Jul 17, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, South Africa
Navigating the world of cryptocurrency investments can be complex, especially when understanding tax obligations. In South Africa, the South African Revenue Service (SARS) has been increasingly focused on ensuring crypto traders and investors comply with tax...
by CountDeFi Author | Jun 26, 2024 | Crypto Tax, Cryptocurrency, DeFi, Recommended articles
Hedera Hashgraph is an advanced distributed ledger technology (DLT) that stands out from traditional blockchain systems by offering a unique consensus algorithm and architecture. Designed to support fast, fair, and secure applications, Hedera Hashgraph aims to...
by CountDeFi Author | Jun 13, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, DeFi
Cryptocurrency has become increasingly popular as an investment and a medium of exchange. As the use of digital currencies grows, so does the interest of tax authorities in ensuring that these assets are correctly reported and taxed. The Danish Tax Agency...
by CountDeFi Author | May 21, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, DeFi, Recommended articles
With just a few months before the tax deadline, understanding crypto taxes in Germany is crucial for anyone involved in buying, selling, or trading cryptocurrencies. Here’s a starter’s guide to help you navigate the tax implications: How will the BZSt know that...