by CountDeFi Author | Oct 21, 2024 | Crypto Tax, Cryptocurrency, DeFi, IRS
IRS CP2000 Letters for Crypto Traders: Avoid Costly Mistakes! In recent years, cryptocurrency trading has become a popular investment strategy. But with increased trading comes more scrutiny from tax authorities, especially the IRS. Many crypto traders are receiving...
by CountDeFi Author | Oct 18, 2024 | Crypto Regulation, Cryptocurrency, DeFi, IRS, Recommended articles
The crypto industry continues to evolve at a rapid pace, and the 2024 State of Crypto Report from a16z provides an in-depth look at the latest trends, challenges, and opportunities shaping the space. From record highs in crypto activity to the growing intersection of...
by CountDeFi Author | Oct 15, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, IRS, Recommended articles, United States
7 Significant Challenges of Crypto Tax Reporting Data (And Empowering Solutions for Success) Crypto tax reporting is a crucial part of remaining compliant in an increasingly regulated space, but it can be extremely challenging, especially given the complexity and...
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...
