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Nalezeno "IRS": 541

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

13.11.2023
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

The IRS Should Heed This Warning

13.11.2023

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

13.11.2023
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto projects

Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans

8.11.2023
Source: AdobeStock / Vitalii Vodolazskyi As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations. A 2022 report published by the Department of Justice (DOJ)...

Expect new IRS crypto surveillance to come with a surge in confiscation

7.11.2023
The Justice Department is claiming that it's "critical" for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off

The Crypto Industry Responded to the IRS Proposed Broker Rule

7.11.2023
The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed – the majority of comments I read urged caution or raised concerns about the proposal as written while only a relative few seemed to support it

'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion

1.11.2023
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million

Kraken will share data of 42,000 users with IRS

30.10.2023
The information will be sent to the Internal Revenue Service in early November

Kraken to Release User Data to IRS in Compliance with June Court Mandate

27.10.2023
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...

IRS extends comments period for new crypto tax rule to mid-November

25.10.2023
The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025

DeFi Education Fund, Paradigm File Amicus Brief Supporting James Harper’s appeal against IRS

24.10.2023
DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS). Paradigm confirmed Friday that the amicus brief urges the Supreme Court...

IRS proposes unprecedented data-collection on crypto users

23.10.2023
The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their users — including names and Social Security numbers

IRS crypto tax reporting rules threat to industry — Coinbase legal chief

19.10.2023
The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026

The explosive revelations of Caroline Ellison: Law Decoded

16.10.2023
SBF’s former girlfriend admits to fraud during her time as CEO of Alameda Research

Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto

13.10.2023
Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.... Read More: Coinbase Raises Concerns Over Proposed...

7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule

13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...