The Dutch government is considering a new tax plan that could shake up the investment world. The idea is to tax not just the profits people make when they sell investments, but also the potential profits they could make, even if they haven't sold anything yet. This includes stocks, bonds, and crypto
The IRS recently shared some interesting findings. They looked at who is reporting crypto taxes. It turns out, most of these people are young and don't earn a lot. They also don't bother with itemizing deductions. This group seems to be typical retail investors. Here's something to consider: a simp
The recent tax law changes by the GOP have put a significant tax break for digital assets in danger. This change affects companies that deal with cryptocurrencies like Bitcoin and Ethereum. The issue is about how these digital assets are classified under the tax code. If crypto is seen as intangibl
In a move to bring clarity to the often confusing world of cryptocurrency taxes, two lawmakers from different parties are teaming up to create a new tax framework. This isn't just about any old crypto rules, but specifically about stablecoins and the rewards people earn for verifying transactions on
Crypto investors have not been great at paying taxes on time. A 2023 IRS review showed that only about 25% of crypto investors are likely to pay their taxes on time. But things are about to change in 2025. Starting in 2025, investors with accounts on centralized crypto exchanges will have their tra
The UK's tax authority, HMRC, is stepping up its game when it comes to crypto. For a long time, many people thought crypto was some kind of magic money that didn't have to be reported. But guess what? That's not the case anymore. HMRC is getting serious about making sure people pay taxes on their c
The US Senate Finance Committee is set to discuss crypto taxes. This comes right after the Treasury and IRS released some new rules to make things easier for companies dealing with crypto under the Corporate Alternative Minimum Tax (CAMT). The CAMT is a 15% tax on big companies' profits, signed int
You’ve bought and sold crypto this year, but did you know that from next year, your transactions could be reported to the IRS for the first time? Yes, you read that right! If you’re using popular platforms like Coinbase or Gemini, they will be sending info about your crypto buys and sells to the tax
Get ready, crypto investors! The new year is bringing some big changes to how you report your crypto profits. Starting January 1, brokers and exchanges will start using a new form called the 1099-DA to report your gains. This means you'll need to keep a close eye on your cost basis – the amount you
Bitcoin is hitting new highs, but crypto investors should keep an eye on something else: taxes. Starting in 2026, brokers will report crypto sales on Form 1099-DA, listing gross proceeds from 2025. By 2027, they'll include your original purchase price, known as the "basis. " This price is crucial be
