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Treasury and IRS Announce Digital Asset Tax Reporting Regulations


The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate...

FTX Reaches Settlement With IRS on $24 Billion Tax Claim


Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...

IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts


The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives — Sulolit “Raj” Mukherjee and Seth Wilks — to aid in digital asset reporting, compliance, and enforcement programs. The post IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts...

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