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Alleged Bitcoin Fog Operator Arrested for Money Laundering, Admin Accused of Mixing 1.2 Million BTC

28.4.2021
U.S. law enforcement arrested the alleged operator of Bitcoin Fog, Roman Sterlingov in Los Angeles on Tuesday. Documents show Sterlingov is accused of laundering over 1.2 million bitcoin via the Bitcoin Fog mixer, a tool that allows users to mix transactions together. According to federal...

NFTs and US taxes: What you should know

24.4.2021
Are there any pitfalls in NFT taxation according to the current U.S. laws?

More IRS summonses for crypto exchange account holders

18.4.2021
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited

The crypto FBAR: Implications beyond

17.4.2021
What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations

Bitcoin Cash From Hard Fork Is Taxable Income - IRS

12.4.2021
Bitcoin cash (BCH), received after the Bitcoin (BTC) hard fork in 2017, constitutes taxable gross income, according to a memorandum released by the US Internal Revenue Service (IRS). The IRS claims the document, dated March 22, cannot be cited as precedent, and it was drafted in response to...

US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

4.4.2021
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years...

'Guys, File Your Crypto Taxes, the IRS is Coming'

2.4.2021
A tax expert is warning that filing crypto taxes is a must in order to avoid penalties, as the taxman knows you've got reportable transactions. This comes as the Internal Revenue Service (IRS), the service of the United States federal government responsible for collecting taxes, is officially...

IRS authorized to access information on Circle's crypto traders to nab tax cheats

2.4.2021
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020

With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS

1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...

Wait For IRS Before Spending Bitcoin, NFT Exhibition, Crypto.org Chain + More News

26.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Taxes news The active management firm Ark Invest founder Cathie Wood said that bitcoin (BTC) investors in the US shouldn't transact with the coin...

Cathie Wood: BTC investors shouldn’t transact until tax code changed

25.3.2021
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest

Would a US wealth tax push millionaires to Bitcoin adoption?

18.3.2021
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them

The things the DoJ’s latest move against McAfee has taught us

10.3.2021
The actions against McAfee by the DoJ and the IRS represent a worrying shift in the view of the U.S. government’s criminal enforcement arm

IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...