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IRS Warned Cryptocurrency investors They Underestimated Their Holdings

The Internal Revenue Service (IRS) warned cryptocurrency investors that they underestimated their holdings for the second year in a row. But this may be another false alarm.
IRS Warned Cryptocurrency investors They Underestimated Their Holdings
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ICoinTime|Crypto Tax Laws Will Allow Capital to Flee U.S., Coinbase Exec Notes

Lawrence Zlatkin, the Coinbase's chief tax officer, states that global customers are the future as non-U.S. jurisdictions are more open-minded.
ICoinTime|Crypto Tax Laws Will Allow Capital to Flee U.S., Coinbase Exec Notes
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ICoinTime|An Investigation into Who Leaked the Crypto Tax Bill Is Underway by Sejong Police

Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced
ICoinTime|An Investigation into Who Leaked the Crypto Tax Bill Is Underway by Sejong Police
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ICoinTime|Which Nations Will Take the Lead in CBDC Race with Formulating Digital Tax?

Recently, President Xi noted at the seventh meeting of central finance and economics committee that it is necessary to accelerate the construction of digital economy and take active in formulating international rules in terms of digital currency and digital tax.
ICoinTime|Which Nations Will Take the Lead in CBDC Race with Formulating Digital Tax?
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South Korea Will Postpone Implementing New Crypto Tax Law to 2022

According to an official announcement, the South Korean has delayed a new tax regime related to crypto gains until 2022.
South Korea Will Postpone Implementing New Crypto Tax Law to 2022
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How To Deal With CP2000 Crypto Tax Letters

The IRS is sending out CP2000 tax letters to certain crypto users showing large unpaid tax amounts.
How To Deal With CP2000 Crypto Tax Letters
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DoJ Requires Intuit Divest From Credit Karma's Tax Business before $7.1B acquisition

The US Department of Justice notes that Intuit, which also owns TurboTax, cannot control all the keys to consumer tax software.
DoJ Requires Intuit Divest From Credit Karma's Tax Business before $7.1B acquisition
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Russia's Prime Minister Proposes to Develop Crypto Market

Russia's prime minister Mikhail Mishustin advised that crypto should be treated as property under the nation's tax code.
Russia's Prime Minister Proposes to Develop Crypto Market
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