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Home » IRS

IRS News and Updates

Recent IRS News

Trump Meme Coins Face Scrutiny After Rapid Launch Before Inauguration

Trump Meme Coins Face Scrutiny After Rapid Launch Before Inauguration

Jan 20, 2025 10:27 Chayanika Deka

From SEC oversight to IRS taxes, Trump's TRUMP coin introduces complex compliance issues, despite strategic launch before the inauguration to

IRS to Require Third-Party Reporting on Crypto Transactions Starting in 2025 (Report)

IRS to Require Third-Party Reporting on Crypto Transactions Starting in 2025 (Report)

Jan 19, 2025 18:28 Chayanika Deka

The IRS's new 2025 rule will require centralized crypto platforms to report user transaction data.

IRS Issues New Notice That Eases Burden for CeFi Crypto Investors

IRS Issues New Notice That Eases Burden for CeFi Crypto Investors

Jan 1, 2025 21:22 Chayanika Deka

IRS's 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.

A16z Joins Legal Fight Against Treasury and IRS Over DeFi Rules

A16z Joins Legal Fight Against Treasury and IRS Over DeFi Rules

Dec 30, 2024 18:33 Chayanika Deka

A16z's Michele Korver slammed the Treasury for exceeding authority, and has now backed litigation to preserve DeFi innovation in the

IRS $24 Billion Tax Bill Could Wipe Out FTX Recovery, Will Be Disputed Today

IRS $24 Billion Tax Bill Could Wipe Out FTX Recovery, Will Be Disputed Today

Dec 12, 2023 06:59 Cristian Lipciuc

If the IRS statement is approved, creditor recovery is practically impossible.

IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

Dec 10, 2023 22:24 Wayne Jones

IRS criminal division observes rise in crypto tax evasion cases, shifting focus from money laundering to tax evasion.

IRS Extends Comment Period for Crypto Reporting Regulations Amid Public Interest Surge

IRS Extends Comment Period for Crypto Reporting Regulations Amid Public Interest Surge

Oct 27, 2023 20:51 Wayne Jones

IRS extends comment period for crypto reporting regulations by two weeks, new deadline: November 13, 2023.

IRS Rules Crypto Staking Rewards as Taxable Income

IRS Rules Crypto Staking Rewards as Taxable Income

Aug 1, 2023 21:41 Mandy Williams

The IRS said taxpayers must include the fair market value of their staking rewards in their gross income as soon

IRS is Building Hundreds of Crypto Tax Evasion Cases

IRS is Building Hundreds of Crypto Tax Evasion Cases

Nov 5, 2022 22:45 Andrew Throuvalas

The IRS is dealing with a much higher portion of crypto tax cases than in the past, as opposed to

IRS Goes After Crypto Broker for Transaction Data in Latest Tax Chase 

IRS Goes After Crypto Broker for Transaction Data in Latest Tax Chase 

Sep 27, 2022 21:33 Martin Young

If things weren’t gloomy enough for the digital asset industry, American crypto investors have now been targeted by the nation’s

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