IRS to Taxpayers: You May Owe Taxes on Crypto Transactions - FinTech Brief

Home
News
Regulatory
Featured Article

Written by Fin Tech Brief

Navigating the Wave of Cryptocurrency Regulations in the U.S.
Explore the evolving cryptocurrency regulations in the U.S. and their impact on the global market, with insights into compliance strategies for businesses and accounting professionals. Read more...
Popular Article

Written by FinTech News Brief Staff

SEC to Focus on Blockchain at 2019 Fintech Forum
The Securities and Exchange Commission announced the concept of digital assets and distributed ledger technology… Read more...

Written by FinTech News Brief Staff

Ripple CEO Points to Regulation As Key to Adoption
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to benefit from regulation and clarity.… Read more...
Most Recent

Navigating the Wave of Cryptocurrency Regulations in the U.S.

Navigating the Ripple Effects: Cryptocurrency Regulations Shaping the FinTech Landscape

Dimon (Again) Knocks Crypto Space During Hearing On The Hill

Fintech Subcommittee Spars with Regulators Over Lack Of Innovation In Financial Services

Arizona Crypto scheme Involves Hundred, Maybe More: U.S. Attorney

Senator Introduce Crypto Sovereignty Legislation

Maine Treasurer Report: Abandoned Crypto Issue Growing
Security
Featured Article

Written by Fin Tech Brief

Emerging Trends in Fintech Security: Navigating the Threat Landscape
Explore emerging trends in fintech security as the industry navigates increasing cyber threats. Discover the role of AI, blockchain, and MFA in enhancing data protection. Read more...
Popular Article

Written by FinTech News Brief Staff

Winklevoss Gemini Exchange First of Its Kind to Win Top Security Classification
The Winklevoss brothers' crypto custodian and exchange, Gemini, was awarded… Read more...

Written by FinTech News Brief Staff

McAfee Bolsters 'Ghost' Brand with New Data-service
Tech mogul John McAfee added to his “Ghost” network with… Read more...
Most Recent

Emerging Trends in Fintech Security: Navigating the Threat Landscape

BNPL Report ID’s Concerns Around Consumer Data, Debt Accumulation

FinCEN Looks to Expand Data Sharing to Fight International Fintech Crime

N. Korean Hackers Enjoy 'Banner Year' Of Crypto Crime: Report

Chinese Officials Fearful Crypto Mining Could Threaten Power Grid During Winter Season

Blockchain Hacks Drop Dramatically

Bitfinex Will Pay Handsomely to Ensure Recovery of Hacked BTC
Robo-Advisors
Latest Article

Written by FinTech News Brief

Younger U.S. Residents Seem More Interested in Generative AI As A Financial Tool: Marqeta
More than 50% of consumers under 50 said they would like Generative AI to assist them in managing their personal finances. So reports FinTech Magazine. Read more...

Written by Jacob Roberts

KASHOO REVAMPS PRODUCT
Online software vendor Kashoo is forming focus group to react to the new features in its software. The Vancouver, B.C.-based company wants feedback on the new features and focus group members may also participate in testing before a broader release this fall. Read more...
Popular Article

Written by Jacob Roberts

KASHOO REVAMPS PRODUCT
Online software vendor Kashoo is forming focus group to react… Read more...

Written by Jacob Roberts

NET@WORK ACQUIRES IMS
Net@Work has acquired Inventory Management Solutions, the New York-based reseller said… Read more...
Most Recent

Emerging Trends in Fintech Security: Navigating the Threat Landscape

BNPL Report ID’s Concerns Around Consumer Data, Debt Accumulation

FinCEN Looks to Expand Data Sharing to Fight International Fintech Crime

N. Korean Hackers Enjoy 'Banner Year' Of Crypto Crime: Report

Chinese Officials Fearful Crypto Mining Could Threaten Power Grid During Winter Season

Blockchain Hacks Drop Dramatically

Bitfinex Will Pay Handsomely to Ensure Recovery of Hacked BTC
Cryptocurrency
Featured Article

Written by Fin Tech Brief

The Role of Merchant Adoption in Cryptocurrency’s Mainstream Journey
Explore how merchant adoption is pivotal to cryptocurrency's journey towards mainstream financial ecosystems. Understand the benefits, challenges, and pivotal real-world examples shaping this trend. Read more...
Popular Article

Written by Fin Tech Brief

The Role of Merchant Adoption in Cryptocurrency’s Mainstream Journey
Explore how merchant adoption is pivotal to cryptocurrency's journey towards mainstream financial ecosystems. Understand the… Read more...

Written by Fin Tech Brief

DeFi's Resilience: Riding the Wave of Recent Crypto Volatility
Explore the resilience of Decentralized Finance (DeFi) amid recent cryptocurrency volatility. Delve into how DeFi… Read more...
Most Recent

The Role of Merchant Adoption in Cryptocurrency’s Mainstream Journey

DeFi's Resilience: Riding the Wave of Recent Crypto Volatility

Growing Concerns Over Crypto-ATMs: A Double-Edged Sword for Financial Inclusion

The Rise of Stablecoins: Navigating the Future of Cryptocurrency Transactions

Navigating Market Volatility: How Stablecoins are Stealing the Spotlight

The Rise of Stablecoins: A New Era in Cryptocurrency

Navigating the Storm: The Rise of Stablecoins Amid Cryptocurrency Volatility
Blockchain
Contracts
General
People
Subscribe!

Estimated reading time: 0 minutes, 18 seconds

IRS to Taxpayers: You May Owe Taxes on Crypto Transactions

Saturday, Aug 03 2019

Cryptocurrency

Written by FinTech News Brief Staff

font size decrease font size increase font size
Print
Email

IRS to Taxpayers: You May Owe Taxes on Crypto Transactions

The Internal Revenue Service is asking thousands of taxpayers who did not report transactions featuring virtual currency to check to see if they owe taxes. So reports Reuters.

The IRS is sending more than 10,000 letters to taxpayers through August. Cryptocurrencies like bitcoin are considered property and should be reported as capital gains and losses.

Read the full story from Reuters.

Read 2655 times

Rate this item

1
2
3
4
5

(0 votes)

More in this category: « The Rise of CBDCs: Revolutionizing the Cryptocurrency Landscape Bitcoin Under $10K as U.S., China Trade War Escalates »

Most Read

- Apr 27 2019
- Written by FinTech News Brief Staff
SEC to Focus on Blockchain at 2019 Fintech Forum
The Securities and Exchange Commission announced the concept of digital…
- Sep 21 2018
- Written by Jacob Roberts
KASHOO REVAMPS PRODUCT
Online software vendor Kashoo is forming focus group to react…
- Jan 09 2019
- Written by FinTech News Brief Staff
Ripple CEO Points to Regulation As Key to Adoption
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
- Jan 16 2020
- Written by FinTech News Brief Staff
RBA Skeptical About Global Stablecoins, Libra
Representatives from the Reserve Bank of Australia said they are…

FTB

Visit other PMG Sites: