2023-3-22 13:00 |
The United States IRS recently unveiled plans to release guidance on taxation of NFTs. NFTs could see capital gains taxes of up to 28% under the proposed guidance. The United States InternalThe post U.
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For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are a relatively new type of investment, the Internal Revenue Service (IRS) in this country has worked hard to enforce tax compliance.
2023-2-9 01:30 | |
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The tax collection agency of the United States is doubling down on tackling cryptocurrency tax evasion. The IRS’s Criminal Investigation division said it is preparing “hundreds” of cryptocurrency tax evasion cases, according to chief Jim Lee.
2022-11-5 20:15 | |
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The United States federal tax agency, the IRS, has released drafts of individual tax return forms that have a question about NFT gains. The post Now You Have to Pay Taxes for Your NFT Gains appeared first on BeInCrypto.
2022-10-20 19:27 | |
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The United States Internal Revenue Service (IRS) has released an updated draft of the 2022 tax form which has provided clarity regarding the guidelines for taxes pertaining to the crypto industry, moThe post IRS announces key changes for NFTs in latest tax guidelines appeared first on AMBCrypto.
2022-10-20 18:00 | |
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The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.
2022-10-19 15:45 | |
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The United States Internal Revenue Service (IRS) has been authorized by a court to issue a so-called “John Doe” summons against M.Y. Safra Bank. The request follows the failure of crypto users who use the bank to pay their transaction…
2022-9-24 11:00 | |
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On September 22, a United States judge granted the Internal Revenue Service’s (IRS) petition that requires M.Y. The post IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes appeared first on CryptoSlate.
2022-9-23 15:00 | |
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As it grows, the crypto industry and its sectors attract more attention from regulators and political actors. In the United States, this industry seems poised for more hostility from the current administration as it is increasingly compared with illegal activities.
2022-1-27 21:00 | |
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The United States Internal Revenue Service has made a revision to a crypto question in the 1040 tax form. The revision is a minor set, aimed at dispelling any confusion that might arise from the wording.
2021-12-15 10:09 | |
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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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The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3. 5 billion worth of crypto.
2021-11-21 10:00 | |
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The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021. The post IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions appeared first on BeInCrypto.
2021-11-19 14:00 | |
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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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The United States Internal Revenue Service (IRS) has partnered with TaxBit to help provide… The post IRS chooses TaxBit as software partner for the crypto market appeared first on Coin Journal.
2021-5-12 12:35 | |
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NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]
2021-4-15 18:21 | |
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The United States Internal Revenue Service (IRS) is looking to enforce cryptocurrency tax compliance with its recent initiative. “Operation Hidden Treasure” Is Not A Fun Game The IRS will be coming down hard on those who under-report their crypto gains in their tax forms, Forbes reports.
2021-3-10 18:47 | |
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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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Ales Janda of Chainalysis–a blockchain analytic firm working with the United States Internal Revenue Service (IRS), in an interview on Nov 22, said he likes Monero since it is smartly designed.
2020-11-26 20:00 | |
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A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”
2020-11-11 03:52 | |
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The Canadian Revenue Agency (CRA) is asking a judge to order Coinsquare, a Toronto-based crypto exchange, to submit information about all of its clients. Grade Eh Product Just like the IRS in the United States, the CRA is seeking details about clients from major crypto exchanges.
2020-11-9 01:00 | |
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The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now.
2020-10-31 00:30 | |
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The United States Internal Revenue Service (IRS) looks to be accelerating its examination of cryptocurrency exchanges. The agency has been working with multiple startups to monitor transactions, including contracts to trace Monero transactions.
2020-10-8 16:00 | |
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Crypto tax evasion in the United States is about to become more difficult following the subtle change made by the Internal Revenue Service (IRS) to its form 1040. America’s tax body continues to push for greater cryptocurrency tax compliance despite lingering confusion over some of its guidelines.
2020-9-25 19:33 | |
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The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy.
2020-9-11 06:03 | |
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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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The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions.
2020-5-13 13:39 | |
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The United States Internal Revenue Service (IRS) is inviting cryptocurrency stakeholders to a crypto tax summit in March. The move comes as the IRS has declared its intention to pursue robust virtual currency tax enforcement in 2020.
2020-2-19 16:00 | |
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The United States tax agency has confirmed that currencies collected within video games are not subject to the same tax obligations as cryptocurrency assets. The IRS previously suggested to players of Fortnite and other popular games that their use of in-game currency may be deemed taxable events.
2020-2-15 23:56 | |
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Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details.
2020-1-27 11:00 | |
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The taxation of crypto assets may well be hindering their adoption in the United States. Deemed a commodity by the CFTC and property by the IRS, each time an individual makes a purchase with a digital currency, they are almost certainly creating a taxable event.
2020-1-17 01:00 | |
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While cryptocurrency regulation has been in the grey area for a long time in several countries including the United States, another big question that has been left unanswered is crypto-taxation. Now, The post Bitcoin investors could profit from the new IRS guidance appeared first on AMBCrypto.
2020-1-16 19:00 | |
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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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Tax law surrounding crypto assets is currently convoluted and confusing, even despite Congress demanding the IRS clarify the law, and the IRS taking steps to provide more clarity to crypto investors in the United States.
2019-11-14 22:00 | |
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The United States’ Internal Revenue Service (IRS) says that a recent meeting with other global tax authorities has given it much deeper insight into how to track those using cryptocurrency to avoid paying taxes.
2019-11-10 08:34 | |
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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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From IRS code to state regulations, paying your employees in bitcoin can be “fraught with peril” in the United States. Here’s why. The post Op Ed: Bitcoin Compensation Compliance: Navigating Murky Waters appeared first on Bitcoin Magazine.
2019-10-10 16:24 | |
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By now, most crypto investors know that the United States government has begun to crack down on the crypto industry, and has begun targeting those who have used Bitcoin and other crypto-assets for illicit crime.
2019-8-9 04:00 | |
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Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds
2019-8-6 12:43 | |
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The United States’ Internal Revenue Service is in the news again after a new method of its to keep a tab on those who evade tax on their cryptocurrency earnings came to the fore. According to a 181 slide presentation, James Daniels, IRS-CI’s cyber-crime program manager, laid out a plan of extracting information from taxpayers, […] The post IRS devising more sophisticated ways to keep track of people evading tax on cryptocurrency earnings appeared first on AMBCrypto.
2019-7-10 02:30 | |
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Coinbase’s crypto debit card provider recently shut down, causing the company to move to PaySafe. The IRS will seek out transactions that can have taxes imposed on the US-based Coinbase card. Coinbase is one of the many platforms in the cryptocurrency space that continues to innovate for the sake of supporting their customers. With retail […]
2019-5-11 02:47 | |
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Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.
2019-5-4 22:03 | |
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An Arizona Man and an Israeli woman have been charged in connection with providing “shadow banking services” to cryptocurrency exchanges — involving millions of dollars. The two individuals were charged by the United States Attorney for the Southern District of New York, the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS) in a criminal investigation.
2019-5-2 14:00 | |
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The United States tax deadline has came and went, and thanks to overwhelmingly confusing tax laws, crypto and Bitcoin investors are left scratching their heads, with many outright refusing to report their crypto earnings and losses on their annual tax filing.
2019-4-19 23:00 | |
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Since it has now become mandatory for digital assets traders to remit taxes, 21 members of the United States Congress, led by congressman Thomas Earl Emmer, have jointly sent a bipartisan letter to the United States Internal Revenue Service (IRS) urging it to publish new guidelines on crypto tax remittance, according to a press releaseRead MoreRead More.
2019-4-13 19:00 | |
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Government institutions in the United States of America have played a pivotal role in controlling the fate of cryptocurrencies and the digital asset market, in general. One of the main issues that lawmakers and government officials raise is the taxation on cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH], which was discussed again in a recent […] The post US Congressmen urge IRS to provide clarity on cryptocurrency taxation laws in new joint letter appeared first on AMBCrypto.
2019-4-12 17:00 | |
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There is a curious situation happening in the United States right now. It is as if the Internal Revenue Service (IRS) simply do not want crypto investors to pay their taxes. Before you commemorate, though, you should that they really want you to pay your taxes, they just simply cannot find a way to explain […]
2019-4-12 02:40 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Filed Official Complaint The United States Internal Revenue Service has certain requirements for the cryptocurrency industry, though they are still sorting out certain regulations.
2019-3-2 20:32 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Amidst Bitcoin’s new all-time high of $93,434. 36, the non-fungible token (NFT) sales volume has surged by 94. 1% to $178. 8 million. The global cryptocurrency market capitalization has reached $3.
A Base-supported generative art project called Artnames turns a user’s name into a unique piece of NFT art. Each piece is created in collaboration with renowned artists from the digital art space.
A temple in Kyoto, Ryuganji Temple, is offering 1,500 free animated NFTs to promote Japanese Buddhist culture on a global scale. Starting Nov. 1, users can claim free Ryuganji Temple non-fungible tokens from the official website. Visitors will also be…
YouTube star MrBeast isn’t the only famous name with ties to an alleged crypto pump-and-dump scheme. Crypto.news found at least nine other scenarios where either a celebrity or influencer promoted a coin to investors, only to sell their holdings at…
Trump appealed to crypto supporters with pro-Bitcoin statements and NFT releases. Polymarket showed that Trump leads with 62.1% support amid rising crypto interest among voters. With only foThe post Trump's Bitcoin play - Will his 'Made in the USA' crypto-play work out? appeared first on AMBCrypto.
Christie’s hosted a charity auction with proceeds going to the United Nations High Commissioner for Refugees. The auction featured 11 pieces of digital art sold in the form of NFTs. The “Bridging Worlds: Digital Art Beyond Borders” charity auction ran…
Animoca Brands Japan is set to launch a non-fungible token collection inspired by the popular Japanese cyberpunk franchise, Ghost in the Shell. The tokens will be launched on the Ethereum network starting Oct. 31. According to an Oct. 25 press…