IRS
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Regulation
US Treasury and IRS finalize crypto broker tax reporting rules
The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28.…
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Regulation
New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions
A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset…
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Scams
IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical
A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax…
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Regulation
Top IRS official says ‘pure crypto tax crimes’ on the rise alongside scams
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto.…
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Regulation
IRS Targeting Bitcoin and Crypto Traders As Digital Currencies Become Top Priority For Agency: Report
The U.S. Internal Revenue Service (IRS) is gearing up for a new campaign to tackle the digital assets industry and…
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Regulation
IRS Recruits Former Binance.US and Consensys Executives To Investigate Crypto Tax Evasion
The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agency’s enforcement efforts in the…
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Regulation
IRS adds cryptocurrency income tax question to four more tax forms
The IRS on Jan. 22 reminded all taxpayers to answer a question about digital assets and report all digital asset-related…
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Regulation
IRS says controversial $10k reporting rule doesn’t currently apply to crypto
Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets (ie. cryptocurrency).…
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Regulation
IRS Demanding $24,000,000,000 From FTX Would Take Money Away Collapse Victims, Lawyers Say: Report
FTX’s lawyers are pushing back against the U.S. Internal Revenue Service’s (IRS) efforts to claim billions of dollars in unpaid…
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Scams
IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023
The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes…
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