Archive | IRS

Survey: Almost Half of Crypto Investors Who Profited in 2017 Are Not Disclosing to the IRS

Today, April 17th, is tax day here in the U.S, but a significant number of investors have apparently not reported gains from digital currency trading to the Internal Revenue Service (IRS). TeamBlind and Credit Karma According to a survey from TeamBlind, the anonymous messaging app popular in fintech circles, 46% of people who made money trading cryptocurrencies in… […]

Analysts Expect Bitcoin in Bullish Mode After ‘Tax Day’

‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum. ‘Tax Day’ to Spark New Bullish Momentum For Bitcoin The cryptocurrency market has been hungover ever since Bitcoin entered the futures trading market in December 2017. The… […]

Two Days From U.S. Tax Filing Deadline, Large Majority of Crypto Holders Have Not Reported Their Investments

In just two days, the U.S. tax filing deadline, April 17th, will be here. Despite this, only a very small fraction of Americans have reported their cryptocurrency holdings. In fact, data released from Credit Karma reveals that fewer than 100 people — out of the most recent 250,000 filers using the tax platform — reported… […]