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US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records
27.11.2019
A federal judge denied a bitcoin user's petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange
Missouri Firm Launches New Software For Reporting Crypto Taxes
26.11.2019
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting
IRS Vs. Bitcoin ATMs: Industry Says There Is Already Enough Regulation
21.11.2019
The IRS is eyeing the Bitcoin ATM industry for potential tax issues. Large industry players are already compliant enough, experts say, while smaller operators might experience additional difficulties
IRS Laughs Off Coinbase User's 'Surveillance Conspiracy' in Tax Reporting Case
20.11.2019
IRS reaffirms that its summons on crypto trading platform Coinbase in an income tax investigation is legitimate
IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official
19.11.2019
The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said
Governments Viewing Crypto as a Threat Will Be Left Behind
18.11.2019
In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges. While the continued push to regulate crypto is no surprise, the general narrative...
IRS Dispels Crypto Tax Confusion
17.11.2019
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help...
IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks
16.11.2019
The U.S. IRS is investigating potential tax compliance issues of Bitcoin ATMs and kiosks
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
14.11.2019
U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says
IRS Clarifies its Confusing ‘Airdrop’ Cryptocurrency Tax Policy
14.11.2019
America’s top tax authority, the Internal Revenue Service (IRS), has somewhat provided clarification about its recent cryptocurrency tax guidelines. However, their final decision regarding taxing promotional airdrops is yet to be made.
Critics pointed out a range of potential problems with...
SEC and IRS Termed the Creation of Anonymous and Restricted DEX Wrong, Says John McAfee
13.11.2019
In a recent tweet, John McAfee stated that the McAfee DEX has not been received well by prominent regulatory bodies like the SEC and IRS. Both these organizations had reportedly informed him that he was “wrong” in setting up the anonymous and unrestricted decentralized crypto exchange McAfee DEX....
Internal Revenue Service (IRS) Finds Ways to Track Cryptocurrency Tax Avoidance
11.11.2019
According to the recent meeting with tax authorities of different countries, the Internal Revenue Service (IRS) of the United States finds various ways to track the cryptocurrency criminals that are not paying taxes. The authorities from the US, Australia, Canada, UK, and the Netherlands combined...
Tax Agencies Worldwide Plan to Crack Down on ‘Dozens’ of Crypto Tax Evaders
10.11.2019
The U.S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map. Also...
Her Majesty the Queen Rules Out Crypto as Currency
9.11.2019
HMRC is publishing a new policy paper for individual and business crypto taxes
Activist Larken Rose Weighs In on Bitcoin, Anarchy, and the Importance of Permissionless Cash
8.11.2019
Though his latest project with partner and fellow activist Amanda Rose, Candles in the Dark, is a program helping people escape authoritarian programming through non-confrontational dialogue, there’s nothing meek and mild about Larken Rose’s stance when it comes to government....
New IRS Policy on Crypto Clears the Air Though Left Some Issues Wide Open
7.11.2019
The tax-related cryptocurrency policy has been eagerly awaited in the United States of America for a long time. Finally, on October 9, the guidelines related to cryptocurrency taxation have been updated by the federal department, the Internal Revenue Service. All the contentious issues related...
BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected
6.11.2019
BitMEX’s recent email leak could have more far-reaching consequences than previously imagined
New IRS Tax Guidance Targets Crypto, and US Persons Who Use It
31.10.2019
The US IRS is tying up crypto users, making new steps toward crypto taxation that could potentially affect a lot of people
New IRS Guidance: How to Report Crypto Assets Accurately
31.10.2019
Here is everything you need to know about the IRS new guidance
Where US Regulators Stand on Crypto Assets
16.10.2019
The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read:...