taxes 2020

Markets Daily Podcast Cover
Crypto News Roundup for March 15, 2022
With bitcoin's implied volatility ticking higher ahead of the Fed's rate decision and a look at 7 kinds of crypto tax nightmares, CoinDesk’s Markets Daily is back with its lat...
Markets Daily Podcast Cover

Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)
The Automatic Tax Man Cometh
Crypto won’t save you from taxes, but it may eventually make them easier to pay, says futurist Dan Jeffries. This piece is part of CoinDesk's Tax Week.
Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)

Dollar Bills, a Calculator, and a BTC Piggy Bank Inside a Kettle
The 7 Types of Crypto Tax Nightmares
Meet the yoga instructors, limo drivers and real estate agents who've been to hell and back. This piece is part of CoinDesk's Tax Week.
Dollar Bills, a Calculator, and a BTC Piggy Bank Inside a Kettle

HMRC
The UK’s Tax Collector Is Sending Crypto Investors ‘Nudge’ Letters: Report
The letters are meant to be “educational” and do not necessarily mean a recipient is at fault.
HMRC

IRS Lawsuit
IRS Sued by Ex-Coinbase User Over Seizure of Financial Records
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.
IRS Lawsuit

The IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)
IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: Watchdog
Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.
The IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)

IRS form 1040, modified by CoinDesk using PhotoMosh
Crypto Taxes: Still Confused After All These Years
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
IRS form 1040, modified by CoinDesk using PhotoMosh

Individuals who donate their cryptocurrencies instead of exchanging for fiat or another crypto may not owe any taxes on those transactions. (SJ Baren/Unsplash)
Hodlers Can Donate Crypto to Charity to Minimize Tax Payments
Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.
Individuals who donate their cryptocurrencies instead of exchanging for fiat or another crypto may not owe any taxes on those transactions. (SJ Baren/Unsplash)

The IRS plans to publish additional guidance around cryptocurrencies, with the next document addressing information reporting. (Shutterstock, modified by CoinDesk using PhotoMosh)
Even the IRS Admits Some Crypto Tax Regulations Are 'Not Ideal'
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.
The IRS plans to publish additional guidance around cryptocurrencies, with the next document addressing information reporting. (Shutterstock, modified by CoinDesk using PhotoMosh)