Last Updated on December 20, 2023 by Paganoto
What happens if you don't disclose crypto activity this tax season
What happens if you don't disclose crypto activity this tax season
If you don't report taxable crypto activity and face an IRS audit, you may incur interest, penalties, or even criminal charges. It may be considered tax evasion or fraud, said David Canedo, a Milwaukee-based CPA and tax specialist product manager at Accointing, a crypto tracking and tax reporting tool.Jan 25, 2022
The brutal truth about Bitcoin – Brookings Institution
The brutal truth about Bitcoin – Brookings Institution
Despite their high valuations on paper, a collapse of Bitcoin and other cryptocurrencies is unlikely to rattle the financial system. Banks have …
Why criminals can't hide behind Bitcoin | Science | AAAS
Why criminals can't hide behind Bitcoin | Science | AAAS
Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, …
Should You Buy Things With Crypto? Here's Why You Shouldn't
Should You Buy Things With Crypto? Here's Why You Shouldn't
More businesses are beginning to accept crypto payments. Here are a few things to consider before you spend your crypto holdings.
Some things you need to know – Bitcoin.org
Some things you need to know – Bitcoin.org
Bitcoin payments are irreversible. A Bitcoin transaction cannot be reversed, it can only be refunded by the person receiving the funds. This means you should …
The Real Reason Why You Shouldn't Spend Bitcoin – Decrypt
The Real Reason Why You Shouldn't Spend Bitcoin – Decrypt
“I don’t need to store my coffee transaction in an immutable ledger. … (He acknowledged that Bitcoin payments do have a niche use case in …
“Spending Real Money to Get Something You Can't Even …
“Spending Real Money to Get Something You Can't Even …
If such a calamity were to occur, the crypto market would likely be decimated. Of course, we’re still years away from a true quantum computer …
How does a block chain prevent double-spending of Bitcoins?
How does a block chain prevent double-spending of Bitcoins?
This means that it is possible to copy the transaction details and rebroadcast it such that the same BTC could be spent multiple times by a single owner.
The Basics about Cryptocurrency | CTS – SUNY Oswego
The Basics about Cryptocurrency | CTS – SUNY Oswego
Cryptocurrencies are still relatively new, and the market for these digital currencies is very volatile. Since cryptocurrencies don’t need banks or any other …
Want to Buy Bitcoin? You Don't Have to Spend $57,401 to Invest
Want to Buy Bitcoin? You Don't Have to Spend $57,401 to Invest
It doesn’t make the most sense to buy $50 of Bitcoin only to lose $10 in exchange fees. Different exchanges have different fee structures — but …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.