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crypto tax

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…

April 22, 2024

Plans for 30% Tax on Bitcoin Mining Shut Down in New Debt Deal: Senator Warren Davidson

Negotiations over the new debt deal squashed the Biden Administration's plan to phase in a 30% tax on the electricity…

May 31, 2023

IRS Delays $600 Crypto Tax Threshold, Citing Need To Clarify Conditions Before Rollout

The Internal Revenue Service (IRS) is delaying rolling out its new $600 reporting threshold for third-party settlements, saying that more…

December 25, 2022

IRS Wins Court Battle To Access Crypto Bank sFOX’s Customer Records for Tax Investigation

The Internal Revenue Service (IRS) is gaining access to crypto bank sFOX’s customer records as a means of investigating potential…

September 28, 2022

Accounting Giant Ernst & Young Launches Automated Crypto Tax Platform

Ernst & Young (EY) says crypto traders can now track their annual gains and losses on cryptocurrencies across all major…

June 22, 2020

IRS Drops New Tax Guidance for US Bitcoin and Crypto Traders

The U.S. Internal Revenue Service has just released new tax guidance for crypto traders and investors. The long-awaited document compiles…

October 9, 2019