2023-10-25 16:36 |
The IRS has announced the extension of the period for comments on crypto tax reporting requirements until January 25, 2024. origin »
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The IRS is hiring 87,000 agents, thanks to President Joe Biden’s 2021 infrastructure package, but they won’t be fully trained for three years.
The Internal Revenue Service released its newest FAQ and guidelines on taxing US nationals for crypto transactions. The updated guidelines may come as a surprise to those that once rejoiced because of hard forks and the “free” coins that came with them.
For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.
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.
The only thing that’s certain in life is death and taxes. For buyers of Bitcoin and other cryptos, the latter has come, as the IRS is now pumping out an avalanche of notices to more than 10,000 cryptocurrency investors who probably haven’t been upfront about their trades.
The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.