The outcome of SBF’s prosecution could determine how the IRS treats your FTX losses By Cointelegraph
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for...
IRS Broadens ‘Digital Assets’ Category to Include NFTs By DailyCoin
IRS Broadens ‘Digital Assets’ Category to Include NFTs The United States Internal Revenue Service (IRS) has replaced the previous category for “virtual currency” with broader...
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year By Cointelegraph
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens...
IRS to summon users who don’t report and pay tax on crypto transactions By Cointelegraph
IRS to summon users who don’t report and pay tax on crypto transactions With the crypto community growing bigger and as trading volumes reach new...
Get ready for even more incompetence at the IRS in 2023 By Cointelegraph
Get ready for even more incompetence at the IRS in 2023 The Internal Revenue Service is hiring 87,000 new agents, but taxpayers will not feel...
Supercharged IRS Will Collect $20 Billion More From Americans Making Less Than $400,000 Under Inflation Reduction Act: Report
Republicans on the House Ways and Means Committee say they have received information from the nonpartisan scorekeeper at the Congressional Budget Office (CBO) challenging the...
IRS seeks armed accountants ready for ‘deadly force’
Even before Congress and President Joe Biden give the final OK for the IRS to hire 87,000 more agents in an $80 billion package, the...
IRS Investigators Find Nearly $2 Billion in COVID-19 Stimulus-Related Fraud
Agents of the Internal Revenue Service (IRS) investigated 660 cases of alleged fraud connected to COVID-19 stimulus funds and found more than $1.8 billion over...
No precedent: IRS court settlement doesn’t clarify crypto staking taxes By Cointelegraph
In May 2021, a Nashville couple known as the Jarretts filed a lawsuit against the United States Internal Revenue Service (IRS) over taxes they had...
IRS Will Not Tax Unsold, Staked Rewards in First Stage of Legal Fight By DailyCoin
IRS Will Not Tax Unsold, Staked Rewards in First Stage of Legal Fight A crypto couple has won a legal battle with the IRS, but...