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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

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax…

April 14, 2024

FTX Creditors Likely To Be Paid up to 140% the Value of Their Original Claims: Report

FTX's bankruptcy estate is primed to pay its creditors more than the value of their original claims, according to the…

March 27, 2024

IRS Targeting Bitcoin and Crypto Traders As Digital Currencies Become Top Priority For Agency: Report

The U.S. Internal Revenue Service (IRS) is gearing up for a new campaign to tackle the digital assets industry and…

March 6, 2024

IRS Recruits Former Binance.US and ConsenSys Executive To Investigate Crypto Tax Evasion

The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agency’s enforcement efforts in the…

February 29, 2024

New Crypto Tax Law That’s ‘Impossible To Comply With’ Now in Effect, Says Coin Center – Here’s What It Is

A prominent crypto advocacy group says that new crypto tax regulations have come into effect that are impossible to comply…

January 3, 2024

IRS Demanding $24,000,000,000 From FTX Would Take Money Away Collapse Victims, Lawyers Say: Report

FTX’s lawyers are pushing back against the U.S. Internal Revenue Service’s (IRS) efforts to claim billions of dollars in unpaid…

December 13, 2023

IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023

The U.S. Internal Revenue Service's (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes…

December 6, 2023

Silk Road Hacker Accidentally Showed Feds $70,000,000 Worth of Bitcoin on His Laptop Before Being Arrested: Report

Police body cam footage shows the Silk Road hacker opening up a laptop with thousands of Bitcoin (BTC) on it…

October 17, 2023

U.S. Treasury and IRS Propose New Rules That Broaden Client Information Crypto Businesses Are Required To File

The U.S. Treasury Department and Internal Revenue Service just published a proposal that would set new guidelines on what crypto…

September 8, 2023