IRS

IRS

Everything You Were Afraid to Ask About Crypto Taxes

There's a lot of information to process, but ignoring it can be hazardous. The IRS is going to come after investors who are not reporting their gains.

Policy & regulation  ·  31 March 2018
IRS

Does the IRS Get a Cut of Your Bitcoin Cash?

The tax treatment of hard forks in the U.S. is uncertain and the IRS should issue guidance addressing such issues, says a legal expert.

Policy & regulation  ·  30 March 2018
IRS

Taxing All Bitcoin Buying Will Backfire for the IRS

The IRS' 2014 tax guidance may encourage cryptocurrency users to use unregulated foreign exchanges and use privacy coins like monero or zcash.

Policy & regulation  ·  30 March 2018
IRS

IRS Reminds US Taxpayers to Report Crypto Earnings

The IRS sent U.S. taxpayers a reminder Friday to pay taxes on any gains made from trading cryptocurrencies over the last year – including payments.

Markets  ·  23 March 2018
IRS

ABA to IRS: Create Safe Harbor for Forked Cryptos

The American Bar Association Section of Taxation issued some advice to the IRS regarding the taxation of cryptocurrency produced by hard forks.

Policy & regulation  ·  21 March 2018
Exchanges

Coinbase Tells 13,000 Users It’s Sending Their Data to the IRS

Coinbase is emailing thousands of customers informing them their data will be sent to the U.S. Internal Revenue Service, as per a 2017 court order.

Policy & regulation  ·  26 February 2018
IRS

US Commodities Regulator Warns on Crypto Retirement Scams

Consumers should be wary of cryptocurrency retirement accounts claiming to be approved by the Internal Revenue Service, according to the CFTC.

Policy & regulation  ·  5 February 2018
IRS

Coinbase to Customers: Don’t Forget to Pay Taxes on Bitcoin Gains

Exchange and wallet startup Coinbase has taken to reminding its customers to pay taxes due on their cryptocurrency gains.

Policy & regulation  ·  4 January 2018
IRS

Uncle Sam’s Surprise: Tax Reform to Impact Crypto Investors

New provisions in the upcoming tax reform bill could have several significant repercussions on crypto holders this tax season.

Policy & regulation  ·  13 December 2017
IRS

Coinbase Ordered to Hand IRS Data on 14,000 Users

A U.S. court has ordered bitcoin exchange Coinbase to disclose details of more than 14,000 customers to the Internal Revenue Service.

Policy & regulation  ·  30 November 2017
IRS

Make Big Money on Bitcoin Cash? The IRS Might Be Watching

Hard forks of bitcoin are creating new wealth that the U.S. tax agency will want to tax, but it's still unclear just how to report these new assets.

Policy & regulation  ·  9 November 2017
IRS

Trumping the IRS: Could the Timing Be Right for Bitcoin Tax Reform?

With the U.S. political field looking ripe for tax reform, the cryptocurrency community could soon get much-needed clarification on IRS guidance.

Policy & regulation  ·  15 September 2017
IRS

Legitimate? IRS Defends Coinbase Customer Investigation in Court Filing

The IRS has submitted new arguments in its tax investigation dispute with cryptocurrency exchange startup Coinbase.

Policy & regulation  ·  5 September 2017
IRS

The IRS Has Been Using Bitcoin Tracking Software Since 2015

The IRS has been using software tools to track the movements of bitcoin for the past several years, according to a new report.

Policy & regulation  ·  22 August 2017
IRS

Think Tank Attacks IRS Subpoena in Coinbase Tax Dispute

Opposition to the IRS effort to obtain user information from cryptocurrency exchange startup Coinbase is growing.

Policy & regulation  ·  3 August 2017