2023-5-1 00:18 |
The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023 origin »
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The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023
2023-4-29 00:18 | |
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The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking.
2023-1-29 13:50 | |
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An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category.
2022-10-19 11:05 | |
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A U.S. District Judge recently issued an order with regards to taxation paid on cryptocurrencies. The Judge authorizing Internal Revenue Service (IRS) to seek information related to American taxpayersThe post Crypto profits going unreported? Here's why you may be on the IRS radar appeared first on AMBCrypto.
2022-9-24 14:30 | |
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Crypto taxes are based on a 2014 IRS ruling that cryptocurrencies such as stocks and bonds can be treated as investments, regardless of whether the...
2022-4-1 11:55 | |
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Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.
2022-3-4 00:00 | |
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Leading American crypto exchange Coinbase has inked a deal with Turbo Tax to enable crypto adopters to get tax refunds in Bitcoin (BTC/USD) and over 100 other cryptocurrencies. A report unveiled this news on February 3, noting that this initiative seeks to lighten the load for crypto holders as the Internal Revenue Service (IRS) becomes […] The post Coinbase teams up with Turbo Tax to offer tax refunds in BTC appeared first on Invezz.
2022-2-6 23:23 | |
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Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencerThe post No, IRS may not write off taxes on crypto staking rewards so easily, claim experts appeared first on AMBCrypto.
2022-2-4 19:30 | |
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Since cryptocurrencies have been classified as taxable assets by the IRS and other financial bodies in other countries, you need to pay taxes on them if you want to abide by the law. However, it can be a daunting task to calculate your taxes in the crypto world, especially since they are very volatile assets.
2021-12-30 15:23 | |
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Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […]
2021-11-21 19:43 | |
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US tax authorities confiscated $3.5 billion in cryptocurrencies in 2021 and expect more confiscations in 2022.
2021-11-22 14:40 | |
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The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.
2021-9-22 23:51 | |
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The IRS has already seized $1. 2 billion worth of cryptocurrencies in 2021 that have been used for illicit purposes, which is almost ten times as much as last year. The post IRS Seized $1.
2021-8-5 11:36 | |
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The U.S. Internal Revenue Service needs additional resources for regulating cryptocurrencies
2021-6-8 18:40 | |
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The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […]
2021-5-20 20:32 | |
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The United States recently passed Tax Day. While always a daunting deadline for crypto traders, the recent changes in tax requirements for cryptocurrencies made it even harder. The post Crypto Tax USA — How the IRS, Exchanges and Services Work Together appeared first on BeInCrypto.
2021-5-19 19:03 | |
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An official of the U. S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations.
2021-5-15 20:00 | |
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The US Internal Revenue Service (IRS) is seeking the identities of those who used cryptocurrencies through the Circle app, according to an official notice by the Department of Justice on April 1. The IRS is looking for those who have transacted more than $20,000 via Circle between 2016 and 2020.
2021-4-3 16:06 | |
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If a person has purchased cryptocurrencies with USD, such a transaction is not reportable to the Internal Revenue Service (IRS), clarifies the updated FAQ on Virtual Currency Transactions on the official website.
2021-3-4 21:08 | |
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The United States Internal Revenue Authority (IRS) has updated the FAQ section on cryptocurrencies. A report unveiled this news on March 3, noting that the update exempts individuals that purchased crypto using fiat currencies and had no other crypto transactions in 2020 from reporting such transactions under the virtual currency question.
2021-3-4 17:20 | |
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As the IRS wisens up to cryptocurrencies, traders will likely need support. This year, a question regarding virtual currency will appear at the top of the 1040 form for 2020 tax filings in the US.
2021-3-3 21:20 | |
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The U. S. Internal Revenue Service (IRS) continues to keep a keen eye on crypto-transactions. IRS to Tax Crypto Earned via Microtasks According to a report by The Block, the U. S. tax watchdog is set to tax cryptocurrencies earned via microtasking jobs.
2020-9-1 00:07 | |
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The new U. S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies.
2020-8-22 19:30 | |
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A few days ago, on August 19th, the US IRS published drafts that show what the new income tax forms for 2020 will look like. Interestingly enough, the drafts will also require US citizens to disclaim whether or not they used digital currencies at some point this year.
2020-8-22 13:29 | |
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The United States has just revealed a seizure of over $2 million in Bitcoin said to be meant for financing terrorist organizations over social media. Coinciding with the case, the Justice Department issued a deterrent to those that seek to use cryptocurrencies as part of criminal operations.
2020-8-14 00:00 | |
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The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks, sidechains, and the Schnorr Signature algorithm.
2020-7-4 02:45 | |
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While its well-known that the revised Schedule 1 form for U. S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly.
2020-3-19 16:15 | |
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With cryptocurrencies like Bitcoin gaining in adoption and mainstream recognition, the IRS has added measures to ensure that crypto traders pay their fair share of taxes this tax season. With over a mThe post Cryptocurrency users failing to file AML forms may face trouble this tax season appeared first on AMBCrypto.
2020-3-2 23:00 | |
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The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month.
2020-2-19 00:15 | |
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The U. S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes the online gaming sensation, Fortnite.
2020-2-13 14:30 | |
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The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.
2020-2-13 02:55 | |
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The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said.
2020-2-13 02:55 | |
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This past summer, the IRS caused waves when it announced that it would be sending some 10,000 notices to cryptocurrency traders. However, a recent report finds that due to cuts, IRS audits have plummeted to their lowest level in at least four decades.
2020-1-9 07:42 | |
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Eight members of Congress have asked the Internal Revenue Service (IRS) to clarify its position on cryptocurrency taxation. A recent letter to the agency details the issues facing the taxation of cryptocurrencies, and the lack of clarity in the current policy.
2019-12-22 17:56 | |
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In this op ed, Robin Singh examines tax implications of forked coins and Specific Identification of bitcoin and other cryptocurrencies, according to recent IRS guidelines. The post Op Ed: IRS Doesn’t Get Cryptocurrencies: Here’s Why appeared first on Bitcoin Magazine.
2019-12-12 19:27 | |
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The U. S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019.
2019-12-9 19:35 | |
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South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.
2019-11-27 09:20 | |
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A provision for de minimis exception in crypto taxes could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published guidance regarding the tax treatment of digital currencies.
2019-11-20 12:00 | |
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In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges.
2019-11-18 12:35 | |
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The Internal Revenue Service [IRS] has changed its tune on how cryptocurrencies can be, or rather were, used to pay for taxation in transactions that occurred before 2018. According to Ally VersprilleThe post IRS changes tune on cryptocurrency-based tax payment comments appeared first on AMBCrypto.
2019-11-16 15:30 | |
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The IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance purchase, and similar crimes.
2019-11-16 15:26 | |
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The criminal division of the U. S. Internal Revenue System (IRS) recently announced that it was able to identify dozens of people who were using cryptocurrencies to evade taxes or to commit crimes without getting caught.
2019-11-9 07:10 | |
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If you’re earning or trading in cryptocurrencies and not declaring to the IRS, it probably won’t end well. But if you want to make amends, there are three ways to go about it. IRS Sent Over 10k Letters to Crypto Users Since cryptocurrencies have been repeatedly thrust into the spotlight, they’re also increasingly under the purview of the tax authorities.
2019-10-28 15:30 | |
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Regulators are taking cryptocurrencies more and more seriously, and the IRS seems to be leading the way with a plan to obtain more accurate information from taxpayers regarding their financial activities with cryptocurrencies.
2019-10-13 08:18 | |
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The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.
2019-10-13 21:13 | |
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The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.
2019-10-13 21:13 | |
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The U. S. Internal Revenue Service (IRS) has finally decided to acknowledge cryptocurrency in its reports. Now, U. S. taxpayer's will be asked whether they hold cryptocurrencies or not when they are reporting their taxes.
2019-10-12 23:59 | |
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Taxation on cryptocurrencies and their associated earnings have long bugged crypto-enthusiasts across the world. An attempt to clarify the tax position on these assets was offered by Shartsis Friese LLP’s tax attorney, Dashiell Shapiro, who appeared on BloombergTV.
2019-10-12 23:30 | |
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The U.S. IRS adds question to 1040 income tax form to find out if taxpayers have been dealing with cryptocurrencies
2019-10-13 20:48 | |
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Consensus 2023 participants explored how user-focused design, cultural understanding, and gradual decentralization can drive mainstream crypto adoption
Consensus 2023 visitors discussed DeFi's growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.
Some Consensus 2023 participants argue that the economic benefits of CBDCs are not worth the threats to privacy in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
Based on intimate, curated group discussions that took place at Consensus 2023, it covers a wide range of pressing issues for the digital assets industry.
Missed Consensus 2023? Catch up on some of the most important conversations here.
The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said.
The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said.