CryptocurrenciesNews

Coinbase reminds that you have to pay taxes on cryptocurrencies

The exchange house Coinbase, one of the most important in the world, begins to remind users that they must pay taxes to the treasury, according to the movements and income they have made, among others.

Coinbase, one of the main exchange houses and wallets in the market, is beginning to take measures to remind users of the tax obligations that will appear in the coming days. After the end of the tax year in the United States, on December 31, platform users find a banner placed at the top that says the following: 'Please remember to pay your taxes', and it is directed by a link to the Tax Payment FAQ, which has been recently indexed on this website.

Within this section, the company indicates that it 'cannot provide legal or tax advice', but rather indicates guidelines from the Internal Revenue Service (IRS), on how taxes related to the cryptocurrency market should be paid. The banner also appears to users in the European Union. In addition, it is added that users can consult the history of transactions to calculate profits and losses. The platform also offers a report of cost bases for taxes, in beta, to help users in the process, according to the frequently asked questions.

This is a movement to make users aware of the tax obligations of users, something that happens after the end of Coinbase's court battle with the IRS, where the US tax agency required the company to hand over the records of thousands of users. . The situation ended with the San Francisco court ruling in November that Coinbase must give the accounts of users who buy, sell, send or receive sums greater than $ 20.000 from the years 2013 to 2015. This dispute began in November, 2016, when the IRS requested the data of 480.000 user accounts, but it was ultimately reduced to 14.000 in the final ruling, a partial victory for Coinbase.

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Robert Sole

Director of Contents and Writing of this same website, technician in renewable energy generation systems and low voltage electrical technician. I work in front of a PC, in my free time I am in front of a PC and when I leave the house I am glued to the screen of my smartphone. Every morning when I wake up I walk across the Stargate to make some coffee and start watching YouTube videos. I once saw a dragon ... or was it a Dragonite?

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