Crypto tax evasion cases are on the rise: Bloomberg
The Internal Revenue Service’s Criminal Investigations Unit is seeing an increase in its caseload of crypto tax cases, according to…
Tag: IRS
Crypto advocacy group pushes back against proposed IRS rules on brokers
The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations…
Kraken will share data of 42,000 users with IRS
United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service…
IRS extends comments period for new crypto tax rule to mid-November
The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August…
IRS extends crypto tax rule comment period after “strong public interest”
The Treasury has opted to extend the comment period for its proposed new rules on crypto reporting requirements by two…
IRS proposes unprecedented data-collection on crypto users
For two years, the cryptocurrency world has been waiting to see how the Internal Revenue Service (IRS) would implement the…
Crypto advocates file amicus brief to address users’ Fourth Amendment privacy rights
Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain…
The explosive revelations of Caroline Ellison: Law Decoded
Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and…
Coinbase tax head calls on IRS to revise crypto tax rules
Coinbase has voiced strong opposition to the US Treasury Department’s proposed rules on broker reporting of digital asset transactions, citing…
US Senators urge IRS to accelerate crypto tax rules
US Senators, led by Elizabeth Warren D-MA and Angus King I-ME, are pushing for a faster roll-out of tax reporting…