IRS

IRS

New IRS Warning Letters Target Crypto Investors Who Misreported Trades

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.

Policy & regulation  ·  14 August 2019
IRS

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect.

Policy & regulation  ·  12 August 2019
IRS

North Carolina Congressman Reintroduces Crypto Tax Bill

Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code

Policy & regulation  ·  7 August 2019
IRS

IRS Says It’s Sending Warning Letters to US Cryptocurrency Owners

The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.

Markets  ·  26 July 2019
IRS

IRS Confirms It Trained Staff to Find Crypto Wallets

The IRS may subpoena tech firms like Apple, Google and Microsoft in search of taxpayers’ unreported crypto holdings. 

Markets  ·  12 July 2019
IRS

What to Expect When the IRS Alters Its Bitcoin Tax Policy

Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for.

Markets  ·  7 June 2019
Exchanges

The FBI Is Looking for QuadrigaCX Victims

The FBI published a questionnaire for potential victims of QuadrigaCX on Monday.

Markets  ·  4 June 2019
IRS

IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014

The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency's commissioner told a lawmaker Monday.

Markets  ·  20 May 2019
IRS

US Income Tax Payers Can Now Get Refunds in Bitcoin

Income tax payers in the U.S. now have the option to receive their federal and state refunds in bitcoin through Bitpay and Refundo.

Policy & regulation  ·  1 May 2019
IRS

21 US Lawmakers Urge IRS (Again) to Clarify Crypto Tax Rules

With the U.S. deadline to file taxes days away, 21 lawmakers have again urged the IRS to provide clarity on crypto.

Policy & regulation  ·  11 April 2019
IRS

IRS Advisors Call for More Tax Guidance on Crypto Transactions

An advisory group to the U.S. tax agency has called for clearer guidance around how cryptocurrency transactions are taxed.

Markets  ·  26 October 2018
IRS

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated.

Policy & regulation  ·  20 September 2018
IRS

International Task Force Notes Use of Cryptocurrencies in Financial Crime

Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

Policy & regulation  ·  4 July 2018
IRS

Prosecutors: Options Seller Duped Investors With ‘Worthless’ Crypto

A New York resident has been indicted on fraud charges for tricking residents into investing in worthless binary options and a proprietary token.

Policy & regulation  ·  17 April 2018
IRS

Crypto Hedge Funds Face Tough Choices on Tax Day

Like elsewhere in crypto taxation, the rules for funds are far from straightforward, and discrepancies may lead to non-intuitive outcomes.

Policy & regulation  ·  17 April 2018