TheCryptoCoinReport: Welcome to TheCryptoCoinReport.net – What is a Cryptocurrency?
ShareTweetPin0shares Over the past month, we have seen the IRS, the tax-collecting agency of the United States, send out more than 10,000 warning and action letters to suspected cryptocurrency holders and traders who may have misreported digital assets on their tax returns. Letters like the 6174-A, 6173 and CP2000 have appeared in the mailboxes of cryptocurrency […]
ShareTweetPin0shares Cardiff-based cryptocurrency insurance startup Coincover has launched an insurance policy covering theft and loss. Local news outlet Whales247 reported on Sept. 24 that this is “the first and only service to guarantee digital funds held online will not be lost or stolen.” Coincover’s service reportedly monitors the wallet at all times and issues warnings in case […]
ShareTweetPin0shares The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Industry members have been eagerly awaiting the update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance. The agency’s 2014 guidance left many questions unanswered, […]