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NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
10.7.2021
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service...
'I have nothing': Imprisoned John McAfee claims his crypto fortune is gone
17.6.2021
John McAfee asserted in an extradition hearing in Spain that the tax evasion charges aimed against him are politically motivated
More IRS crypto reporting, more danger
11.6.2021
The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous
IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions
8.6.2021
The U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear dictate from Congress on the authority for us to collect that information is critical,”...
IRS needs congressional authority to handle crypto, says chief
8.6.2021
"Most crypto, virtual currencies are designed to stay off the radar screen," said Charles Rettig
Crypto couple tells court the IRS has no right to tax newly mined coins
27.5.2021
Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S
US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
20.5.2021
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...
USD 10K+ Crypto Transfers & IRS, Central Banks on Crypto Volatility + More News
20.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Tax news
The US Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of...
US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins
20.5.2021
US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains...
US lawmaker introduces bill aimed at protecting 'forked assets' from IRS
18.5.2021
This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency
IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns
14.5.2021
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. Robert Wearing, IRS’ deputy associate chief counsel for Procedure &...
Binance Faces DOJ Probe as Investigators Target Crypto Money Laundering and Tax Evasion
13.5.2021
Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. The investigation will also include inquiries from the Internal Revenue Service (IRS), which...
Bitcoin drops to $46K, altcoins sell-off as report claims Binance is under investigation
13.5.2021
News that Binance could be under investigation by the US Justice Department and IRS triggered a market-wide sell-off which saw Bitcoin price drop to $46,000
Binance is reportedly under investigation from IRS and Justice Department
13.5.2021
The price of Bitcoin and Ether both fell between 3-5% as the report spread across social media
IRS Could Come For Your Crypto If You Owe Them - Official
13.5.2021
If you happen to owe any money to the US Internal Revenue Service (IRS), the agency is willing to explore yet another way to make sure you pay your tax debts.
According to Robert Wearing, Deputy Associate Chief Counsel for Procedure and Administration at the IRS, the US government considered...
IRS will seize your crypto if you can't pay back taxes
12.5.2021
If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe
US Court: IRS can Now Access User Transactions from Kraken
7.5.2021
The crypto circle is filled with new movements every day, and the latest news comes from the U.S. A court has recently allowed the IRS to gather user transactions from Kraken. As the Justice Department, this will ensure that even crypto holders fulfill their tax requirements. The move does not harm...
Court Authorizes IRS to Summon User Records From Kraken Cryptocurrency Exchange
6.5.2021
The Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto...
Taxman Comes Calling at Kraken – IRS Gets Hands on Data from 2016-2020
6.5.2021
A branch of the California District Court has granted the American tax collecting body, the Internal Revenue Service (IRS), permission to issue a John Doe summons on the crypto exchange giant Kraken – in a bid to discover the identities of United States residents and citizens who have conducted...
Court orders Kraken to provide information on user transactions to the IRS
6.5.2021
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS