Tag Archives: crypto tax

Texas man Frank Ahlgren sentenced to two years for crypto tax evasion, ordered to pay $1M restitution to the U.S. Frank Richard Ahlgren III, an early Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for tax evasion. Ahlgren filed false tax returns from 2017 to 2019, underreporting gains from selling over $4 million worth of Bitcoin. These actions resulted in a tax loss of over $1 million. This is the first criminal tax fraud case that was focused on...

CoinspeakerCrypto Adoption in Turkey Boosted by Unending Lira Woes, Government Moves In with Tax Reforms Although the stock tax remains pending for now, Erdogan and his officials are keen on taxing crypto transactions. Crypto Adoption in Turkey Boosted by Unending Lira Woes, Government Moves In with Tax Reforms

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During a time when crypto prices appear to be tanking like never before, India is dealing with heavy crypto-related tax woes. India Is Hiking Its Crypto Tax Enforcement Right now, regulators in India are imposing new taxes on all kinds of crypto activity. There is a one percent tax on all crypto trades that occur within the country’s borders. In addition, there is going to be a 30 percent digital income tax put in place. Thus, it looks like anyone who engages in crypto...

The latest form of crypto-friendly tax reform is coming into play. Last Thursday, a new bill known as the Virtual Currency Tax Fairness Act was introduced and seeks to limit some of the capital gains taxes for those who utilize cryptocurrency to pay for everyday goods and services.A New Crypto Tax Bill That Serves ConsumersThis could ultimately serve the crypto industry quite well. One of the big things that’s getting in the way of cryptocurrencies turning mainstream is that they are not...