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US Lawmakers Don’t Want Proof-of-Stake Networks to Get Overtaxed
4.8.2020
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-state networks are taxed, to prevent taxpayers from owing more than they should
Crypto Tax Disclosures Can Help With Internal Revenue Service
21.7.2020
Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk
IRS Seeks Elliptic’s Crypto Tracing Software in Response to COVID-19
17.7.2020
President Donald J. Trump invoked the Stafford act in March, authorizing federal agency funding
IRS Enlists Coinbase in Latest Crypto Tracing Deal
16.7.2020
The tax collector has agreed to pay Coinbase up to $237,000 over the next two years for its "Analytics" tracing software
Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges
16.7.2020
Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper...
IRS Sued by Ex-Coinbase User Over Seizure of Financial Records
15.7.2020
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant
Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights
14.7.2020
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters...
Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’
14.7.2020
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class
IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog
14.7.2020
Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights
The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
4.7.2020
The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks...
IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
3.7.2020
The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains
The IRS Wants to Know More About Privacy-Enhancing Crypto Coins, Tools
2.7.2020
America's tax collector is laying the groundwork for a possible assault on privacy-enhancing cryptocurrency technologies
The US Plan to Monitor Illegal Crypto Activities More Sufficiently
29.6.2020
U.S. agencies sought millions of dollars in new funding to bolster national and international cryptocurrency investigations
Not Like Before: Digital Currencies Debut Amid COVID-19
27.6.2020
The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services
New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator
23.6.2020
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
US Tax Court Says You Should Sell Your Crypto Savings If You Owe IRS
17.6.2020
The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes
Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time
15.6.2020
The Internal Revenue Service has already changed its deadlines to July 15, so if you are not ready to file your crypto taxes in a month, you should ask for an extension
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...
66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns
8.6.2020
Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would...