TagBitcoin taxes

John McAfee Interview: Magic, Money, 2020 Presidential Fugitive

John McAfee

By CCN Markets: International man of mystery, wanted fugitive, 2020 presidential candidate. What do all of these have in common? John McAfee. In an exclusive interview, CCN talked to McAfee about his new trading portal 'McAfee Magic,' his views on money, and his troubles with the government. Here's everything he had to say: Magic Arbitrage Trading Platform As CCN reported previously, McAfee's new...

Ernst and Young Unveils Crypto Tax Accounting Tool to Help You Pay Bitcoin Taxes

Ernst & Young EY Bitcoin taxes IRS

Unless you're tax-evading bitcoin bull John McAfee, this is the time of year when Americans begrudgingly prepare to file their tax returns. To streamline this process, Big Four accounting firm Ernst & Young introduced a cryptocurrency tax tool. Ernst & Young said it designed its EY Crypto-Asset Accounting and Tax (CAAT) program specifically for its clients who invest in cryptocurrencies. ...

Ex-Bitcoin Skeptic Ron Paul Says Crypto Could Prevent Recession

Ron Paul Bitcoin

Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession. Ron Paul, the father of current United States Senator Rand Paul, made the suggestion in a blog post entitled “Trump Is Right, the Fed Is Crazy," where he blasted the Federal Reserve for manipulating interest rates. "It is likely that...

Fundstrat's Tom Lee: Bitcoin Price Set to Rise In Late-April After Tax Day

Bitcoin prices will probably climb after April 17, when Tax Day in the United States is over. That's what Fundstrat co-founder Tom Lee, a noted bitcoin bull, predicts. Lee said the recent drop in bitcoin's price amid a flurry of sell-offs was partly caused by investors rabidly trying to sell off their cryptocurrency holdings to avoid paying taxes on them. Bitcoin's price has plunged below $6,700...

A New Georgia Bill Could Allow Residents to Pay Taxes with Bitcoin

Bitcoin Coinbase tax calculator

Georgia has become the latest US state to consider allowing its residents to pay their taxes using Bitcoin and other cryptocurrencies. Senate Bill 464, which was introduced on Feb. 21 by Republican state senators Michael Williams and Joshua McKoon, aims to amend Georgia’s laws regarding tax payments to compel the state’s revenue commissioner to accept cryptocurrencies as payments for taxes and...

LibraTax Expands Bitcoin Tax Service

Libra, provider of Bitcoin tax accounting service LibraTax, has released two new services to help businesses and CPAs account for digital currency transactions in 2014. The IRS gave guidance that virtual currency is classified as a capital asset and taxable as property rather than currency in 2014. The services – Libra Business and Libra Pro, the latter for CPAs and accounting firms with Bitcoin...

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