When it comes to tax planning and compliance, clarity is needed for digital assets. In preparation for this year’s filing season, why not remove the guesswork?
Posted on Monday, January 22, 2024 at 07:21 PM in Crypto Digital Currency Assets, Filing, Finances, Forms, Investing Capital Gains, IRS, Tax Tip, Taxes | Permalink | Comments (0) Tags: bitcoin, crypto, crypto assets, cryptocurrency, digital asset, digital currency, ETF, exchange-traded ...
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2021. This historic bill was the first enacted tax legislation to mention any kind of digital asset or cryptocurrency. Section 80603 of the IIJA amended the definition of broker in Section 6045(c)(1)(D) to include “any person who (for...
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the...
Donating cryptocurrency to an eligible charity can reduce your tax bill with a charitable deduction. For crypto investors, giving to your favorite charity or cause is easier than ever through organizations like The Giving Block, which enables cryptocurrency and other digital asset donations to charitabl...
tax filing Direct disbursement of government benefits Civically minded individuals Governments and other individuals Online voting Verification of political donations School enrollment Asset owners Asset-based service providers and b...
2Non-GAAP adjusted EBITDA is calculated as GAAP net income excluding the following cash and non-cash expenses: stock-based compensation expense, depreciation and amortization, net interest income (expense), foreign exchange transaction gains (losses), income tax provision, transaction-...
A big-picture assessment will determine the firm’s risk profile, focusing on digital asset nexus and digital tax due diligence. Is my firm ready for new digital demands from tax administrations? We know that e-filing requirements are moving from indirect tax to direct. But what about e-accou...
Tax filing and reporting requirements under FCT regime.Under the Direct Method, within 10 days from the date of each payment made to an offshore supplier/service provider, the Vietnamese counterparty must pay FCT and file tax returns with the local tax authorities. In case the Vietnamese coun...