IRS
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Regulation
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…
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Regulation
IRS Recruits Former Binance.US and Consensys Executives To Investigate Crypto Tax Evasion
The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agencys enforcement efforts in the…
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Blockchain
IRS Delays Crypto Reporting Requirements for US Businesses
The United States Internal Revenue Service (IRS) has recently announced a significant change concerning the reporting of cryptocurrency transactions by…
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Blockchain
DeSantis Proposes Flat Tax and IRS Elimination, Sparks Trump Rivalry in 2024 Race
In the contest for the presidency in 2024, Florida Governor Ron DeSantis has made a significant tax reform proposal as…
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Regulation
IRS Demanding $24,000,000,000 From FTX Would Take Money Away Collapse Victims, Lawyers Say: Report
FTXs lawyers are pushing back against the U.S. Internal Revenue Services (IRS) efforts to claim billions of dollars in unpaid…
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Regulation
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…
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Blockchain
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of seven U.S. Senators, including prominent figures Elizabeth Warren and Bernie Sanders, submitted a letter to Treasury Secretary…
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Regulation
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…
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Blockchain
Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals
Chairman of the House Financial Services Committee, Patrick McHenry, has publicly voiced his concerns over the Notice of Proposed Rulemaking…
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Blockchain
US Treasury and IRS Propose New Regulations on Digital Asset Reporting
The US Department of the Treasury and the Internal Revenue Service (IRS) have jointly issued proposed regulations aimed at enhancing…
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