IRS

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

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

5 months ago

IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

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

5 months ago

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

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

6 months ago

IRS Rules Crypto Staking Rewards as Taxable Income

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

9 months ago

IRS is Building Hundreds of Crypto Tax Evasion Cases

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

1 year ago

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

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

2 years ago

After Court Battle, the IRS Might Not Impose Income Taxes on Unsold, Staked Crypto

Crypto holders in the US might no longer pay income tax on their unsold, staked tokens following a major precedent…

2 years ago

$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021

The Cybercrime Unit of the United States Internal Revenue Service (IRS) reported that 93% of all seizures made in 2021…

2 years ago

US Investors Will Have to Report Cryptocurrency Transactions Over $10K to the IRS

The United States Treasury has called for stricter cryptocurrency compliance measures with the IRS, claiming that there is a significant…

3 years ago

IRS NFT Surprise: Authorities to Levy Taxes on NFT Purchases From Crypto Gains

NFTs acquired with cryptocurrency gains will attract taxes, according to new CNBC report

2 years ago