2020-8-27 14:40 |
The U. S. Internal Revenue Service (IRS) has sent out a new round of warning letters to crypto holders about correctly reporting their transactions. This is not the first time such a thing has happened.
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It looks like the U. S. Internal Revenue Service (IRS) has resumed its controversial campaign of sending letters to cryptocurrency holders. Just as seen in 2019, the purpose of these letters is to warn crypto investors against dodging taxes on their digital asset holdings.
2020-8-27 22:43 | |
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They’re on to you, and they want their cut. The new Internal Revenue Service (IRS) tax return 1040 for U. S. citizens has been released. For cryptocurrency holders and traders, there’s something new on the front page: Virtual Currency.
2020-8-24 20:12 | |
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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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A trusted source has confirmed that the Internal Revenue Service is going to conduct audits on cryptocurrency activities. The source said that the tax collection agency is planning to unleash a batch of audit notices.
2019-10-26 19:51 | |
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A source within the Internal Revenue Service (IRS) has apparently confirmed the tax collection agency plans to send out a new batch of audit notices. The notices will be a follow-up to the 10,000 letters sent out in August.
2019-10-26 12:45 | |
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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 IRS has released its first cryptocurrency taxation guidance since 2014, when it ruled that all virtual currencies are property and taxed as such. According to Bloomberg, several notable accountants and lawyers see this is a great move, as it gives investors more clarity and paves the way for reasonable regulation, October 9, 2019.
2019-10-10 17:00 | |
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Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know
2019-8-26 19:08 | |
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If you have outstanding tax debt, the IRS may now want to take your passport. For U. S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling.
2019-8-18 00:35 | |
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After its initial letter campaign targeting crypto holders who may not have reported their gains or losses on their tax returns, the Internal Revenue Service's second round of letters targets those who may have misreported their crypto holdings on tax documents.
2019-8-15 00:21 | |
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Last week, the US Internal Revenue Service sent letters to crypto holders regarding the proper way to report gains and losses on tax returns. Now, fraudulent letters are being sent to crypto holders claiming they owe unpaid taxes to the “Bureau of Tax Enforcement."
2019-8-7 19:26 | |
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Following earlier reports this year that the US Internal Revenue Service was working to update cryptocurrency tax guidelines, the agency sent warning letters out to more than 10,000 crypto-holding taxpayers, advising them to submit an amended tax return if they didn't report their holdings.
2019-7-29 19:02 | |
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The US Internal Revenue Service (IRS) sent out letters outlining the process of declaring taxes owned on digital assets.
2019-7-29 14:23 | |
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The Internal Revenue Service (IRS) has sent out warning letters to over 10,000 different cryptocurrency holders, letting them know that the agency acknowledges their investment in digital assets and expects them to declare fair value of assets held on the date of receipt.
2019-7-28 15:47 | |
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U. S. tax authority, the Internal Revenue Service (IRS) has already begun sending letters to thousands of bitcoin and crypto holders who have failed to report cryptocurrency transactions. The IRS letters include instructions to pay taxes, interest, and penalties.
2019-7-27 09:11 | |
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Cryptocurrency and taxes are often an unhealthy mix. While it is evident anyone owning cryptocurrency should pay taxes on their financial gains or losses, most US-based enthusiasts don’t think so.
2019-7-27 22:30 | |
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When it comes to dealing with emerging technologies, the IRS tends to move slowly — too slowly for Congressman Tom Emmer, one of the leading advocates for digital assets on Capitol Hill. The Minnesota Republican has reintroduced legislation to provide a “safe harbor” for holders of forked cryptocurrencies, such as Bitcoin Cash and Bitcoin SV.
2019-7-11 20:52 | |
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In the United States, the Internal Revenue Service (IRS) will be knocking cryptocurrency users’ doors explaining that it is mandatory to inform crypto trades and pay the related taxes on them. Investors, holders, and other individuals must be compliant with this issue.
2019-1-30 20:59 | |
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The US tax season has begun, and this might finally be the year to declare your bitcoin and crypto-assets. Sure, bitcoin taxes can be complicated, but research suggests that 61% of holders don’t realize they can write off last years losses as a tax deduction.
2019-1-30 09:00 | |
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It’s around that time of the year and as government workers resume after one of the longest shut-down in US history, the IRS will soon be ready to knock on your doors. Like everywhere else, filing for taxes is a mandatory and crypto traders, investors and holders must comply.
2019-1-29 14:30 | |
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On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.
2018-10-27 20:34 | |
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The IRS is keeping close tabs on cryptocurrency users across the United States. A brand-new compliance campaign has been launched to ensure everyone files their taxes properly when it comes to Bitcoin and altcoins.
2018-7-11 17:00 | |
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