Taxes

The new program called CoinRT gives Refundo users the opportunity to take their federal and state income tax refunds in bitcoin.

In early March 2019, Coinberry provided the technology, infrastructure and implementation for the town of Innisfil, a government municipality in Canada, to start accepting tax payments in bitcoin. What's next for governments?

Are your cryptocurrency trades taxable? And how should you calculate your gains and losses and report them to the IRS?

The Canadian town of Innisfil will allow residents to pay their municipal taxes in bitcoin through Coinberry.

The Canada Revenue Agency has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.

The current approach is a logistical “nightmare" for cities, the state and legal marijuana businesses, says the group. Paying taxes in cryptocurrencies like bitcoin could be a solution.

According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.

An American who owns a financial interest (like bitcoin) worth $10,000 or more, or has signing authority over a foreign financial account, doesn't necessarily have to actually pay taxes on them. But they must let the IRS know about them.

Essentially, Bitwage now allows companies across the United States and Puerto Rico to fund their W2 payrolls and payroll taxes in ether and bitcoin.

Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin. State Treasurer Josh Mandel explains why.