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IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity
9.7.2019
United States Internal Revenue Service allegedly hopes to require tech giants such as Google and Microsoft to silently share crypto-related activity by users: Report
IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users
9.7.2019
A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
IRS All Set To Update Its Guidance On Bitcoin In Following Weeks, States Report
8.7.2019
The Internal Revenue Service (IRS) of the United States is soon going to update its current guidance (2014) on digital currencies in the following weeks, as per the reports published by the Wall Street Journal. The move has been taken following the request from 20 lawmakers of the bipartisan group...
Avoid State Taxes on Crypto With US Supreme Court’s Recent Trust Decision?
6.7.2019
Some investors put crypto in a trust that holds crypto assets. What are the specifics? A Tax lawyer comments
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
27.6.2019
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This...
After Fleeing From the US Government John McAfee Warns His Enemies
12.6.2019
For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U.S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone. Also Read:...
What to Expect When the IRS Alters Its Bitcoin Tax Policy
7.6.2019
Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for
The FBI Is Looking for QuadrigaCX Victims
4.6.2019
The FBI published a questionnaire for potential victims of QuadrigaCX on Monday
John McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall
3.6.2019
John McAfee announced a cryptocurrency designed for economic freedom, aiming to have independence from traditional finances and other crypto
Federal Preemption or States’ Rights? Crypto Advocates Clash Over Regulatory Approaches
3.6.2019
America’s fundamental political divides come to define approaches to crypto regulation
IRS Plans to Issue Guidance on Virtual Currency Taxation
21.5.2019
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...
Internal Revenue Service is All Set to Release Crypto Tax Guidelines
21.5.2019
The Internal Revenue Service recently announced that it would be fixing the new guidelines for tax on crypto. Because the IRS identifies crypto as property and not currency, it is because it is taxable to purchase and sell crypto. Consequently, tax rules which apply for property transactions, such...
IRS Says It Will ‘Soon’ Issue Crypto Tax Guidance in First Since 2014
20.5.2019
The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency's commissioner told a lawmaker Monday