As you begin to contemplate filling out your taxes this year, your heart might be filled with dread as palpitations of fear or frustration begin to develop. From the thought of getting audited to the unpleasantness of finding out you owe more money, the all-too-familiar deadline of April 15 has a few too many connotations. Here are...
If you were lucky enough to be an early adopter of Bitcoin, you are probably sitting on some enormous gains. If you bought into the Bitcoin hysteria and purchased your virtual currency at the peak, you may be sitting on losses instead. But no matter what the situation, you need to understand the tax implications of investing in the...
To ensure the accuracy of data in an account, our system performs simple audits of the transaction data received before generating gain/loss reporting. A common check is to ensure that the debit amount is never greater than the credit amount.An audit failure can be for many reasons. Mostly, our system uses only exchange...
It was not that long ago that cryptocurrency investors were counting their gains and worrying about their tax bills. Back then, both early adopters and latecomers were being handsomely rewarded, with new all-time highs coming on a daily, and sometimes on an hourly, basis.If you were lucky enough to sell some of your Bitcoin, Ethereum, Litecoin, and other cryptocurrency...
cryptocurrency tax
If you’ve invested in cryptocurrency over the past year, you may wonder if you owe any taxes because of this. But finding information about how to calculate cryptocurrency taxes is difficult. This article will explain how you can determine the amount you owe (if any). It will also suggest some free software that will help you make this calculation. Identifying...

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