IRS

IRS

IRS Sued by Ex-Coinbase User Over Seizure of Financial Records

Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.

News  ·  15 July 2020
IRS

IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

Policy & regulation  ·  14 July 2020
IRS

Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

Policy & regulation  ·  14 July 2020
IRS

Coinbase Offers US Feds New Crypto Surveillance Tools

Coinbase Analytics vaults the massive crypto exchange into a crowded field of blockchain tracing companies all vying for millions of federal dollars.

News  ·  5 June 2020
IRS

IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns

The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."

News  ·  13 May 2020
IRS

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.

Policy & regulation  ·  31 March 2020
IRS

IRS Crypto Summit Was About the Exchange of Ideas, Not Tax Guidance

No new guidance is expected to come from Tuesday’s IRS Crypto Summit, but that the event happened at all is still a positive sign for the industry.

Policy & regulation  ·  6 March 2020
IRS

Uphold Teams With TaxBit to More Accurately Report Users’ Crypto Trades

Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes.

Business  ·  3 March 2020
IRS

Ex-Microsoft Engineer Used Bitcoin to Help Embezzle Millions From Tech Giant

The software engineer used bitcoin mixers to help obfuscate the source of the stolen funds.

Policy & regulation  ·  27 February 2020
IRS

The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month

The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month.

News  ·  18 February 2020
IRS

IRS Refused to Clarify Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says

The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.

Policy & regulation  ·  12 February 2020
IRS

US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance.

News  ·  20 December 2019
IRS

The IRS Will Now Ask if You Own Crypto in the Most Widely Used US Tax Form

The IRS has updated the main form filled out by individual U.S. taxpayers every year to include a question about cryptocurrencies.

Markets  ·  11 October 2019
IRS

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.

Policy & regulation  ·  9 October 2019
IRS

CipherTrace Scout App Takes Crypto Investigations Mobile

Blockchain forensics firm CipherTrace has developed a mobile tool for flagging bitcoin and ethereum tokens with a criminal past.

Policy & regulation  ·  20 September 2019