2021-2-10 20:02 |
Why is the IRS trying to keep this case out of court? Because it may have widespread implications for privacy laws involving cryptocurrency users if the IRS loses. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
With the crypto summer underway, one of the concerns that many traders, HODLers, miners, lenders, and stakers might have is how to report their gains and losses to the tax agencies. The Internal Revenue Service (IRS) in the US is determined to make crypto users pay their fair share of tax.
2021-1-6 17:50 | |
|
|
The US IRS (Internal Revenue Service) recently released revised draft instruction for the country’s tax filers. The tax agency used the opportunity to remind the country’s citizens that crypto users need to admit their dealings with digital currencies when filling up the IRS tax forms.
2021-1-5 13:28 | |
|
|
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year.
2020-12-17 05:02 | |
|
|
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
2020-11-25 01:25 | |
|
|
David W. Klasing, a boutique Californian tax firm, had its Tax Law Office issue out a public release. This release warned investors that the US Internal Revenue Service, or IRS, is going to start a severe bout with users of Coinbase.
2020-11-13 18:53 | |
|
|
Once an IRS investigation or audit is opened, it’s too late to make amends, warn tax lawyers.
2020-11-12 15:19 | |
|
|
The US IRS has been struggling to convince US crypto users to report their crypto dealings and pay on the profits they made from trading for years now. However, it appears that its efforts did not have too much effect.
2020-10-9 11:30 | |
|
|
The US tax authority has been getting serious about cryptocurrency for quite some time. However, the US crypto users have tried their best to ignore the IRS’ warnings to carefully calculate their crypto income and include it in their reports.
2020-9-29 11:12 | |
|
|
Coinspeaker Exclusive: Sovos’ Wendy Walker Says Tax Havens Won’t Be Around for Too LongOnly last year, the IRS disclosed they had a meeting with four other states in an effort to partner to fight cross-border tax evasion stemming from digital currency users.
2020-8-29 14:43 | |
|
|
A new batch of US crypto users have received warning letters from the Internal...
The post The IRS is sending tax warning letters to crypto traders appeared first on Coin Journal.
2020-8-26 14:23 | |
|
|
The United States has just revealed a seizure of over $2 million in Bitcoin said to be meant for financing terrorist organizations over social media. Coinciding with the case, the Justice Department issued a deterrent to those that seek to use cryptocurrencies as part of criminal operations.
2020-8-14 00:00 | |
|
|
Coinbase remains one of the biggest gateways to cryptocurrency for both novice and advanced users. It now appears that its in-house developed blockchain analytics software will be made accessible to at least two federal agencies.
2020-6-9 01:00 | |
|
|
The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions.
2020-5-13 13:39 | |
|
|
With cryptocurrencies like Bitcoin gaining in adoption and mainstream recognition, the IRS has added measures to ensure that crypto traders pay their fair share of taxes this tax season. With over a mThe post Cryptocurrency users failing to file AML forms may face trouble this tax season appeared first on AMBCrypto.
2020-3-2 23:00 | |
|
|
The Internal revenue System (IRS) pulled the definition of “Virtual Currency” from its website that characterized gaming currencies used in Fortnite and Roblox as convertible virtual currency and would have subjected millions of US users to answer Question 1 on the 2019 1040 form.
2020-2-13 19:01 | |
|
|
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins.
2019-12-23 13:21 | |
|
|
US federal judge allowed the IRS to demand information about users’ assets from Bitstamp crypto exchange, although the agency was also ordered to reduce the number of requests. The IRS’s involvement with the cryptocurrency industry continues to increase.
2019-11-29 12:00 | |
|
|
Spending Bitcoin (BTC) may be easy, but mainstream users are avoiding it. There may be one reason – the recent interest of the taxman in digital coins. Bitcoin Income May Create Taxable Event Not only US citizens, but also internationals, see the usage of BTC as creating a taxable event.
2019-11-22 14:58 | |
|
|
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.
2019-11-18 12:35 | |
|
|
The Internal Revenue Service is actively looking into potential money laundering and tax evasion issues posed by Crypto ATMs, a top official said to Bloomberg. Cryptocurrency ATMs and kiosks allow users to buy and sell cryptos with cash in many locations across the world.
2019-11-17 23:15 | |
|
|
The IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance purchase, and similar crimes.
2019-11-16 15:26 | |
|
|
The Internal Revenue Service (IRS) has sent refunds to crypto users who had correctly reported their taxes with proof of trades and transactions. The matter of cryptocurrency-related taxes has been a major question within the US for a few years now.
2019-11-15 11:42 | |
|
|
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.
2019-11-11 22:00 | |
|
|
Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save crypto traders thousands in tax bills.
2019-11-8 20:00 | |
|
|
The US IRS is tying up crypto users, making new steps toward crypto taxation that could potentially affect a lot of people
2019-10-31 21:45 | |
|
|
If you’re earning or trading in cryptocurrencies and not declaring to the IRS, it probably won’t end well. But if you want to make amends, there are three ways to go about it. IRS Sent Over 10k Letters to Crypto Users Since cryptocurrencies have been repeatedly thrust into the spotlight, they’re also increasingly under the purview of the tax authorities.
2019-10-28 15:30 | |
|
|
It’s been a hard year for crypto users in the US. The IRS has started chasing down crypto taxes, various exchanges have withdrawn services from US users, and most recently, Telegram has come under the wrath of the SEC, accused of selling unregistered securities.
2019-10-21 20:21 | |
|
|
The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions.
2019-8-15 23:55 | |
|
|
Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds
2019-8-6 12:43 | |
|
|
The U. S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.
2019-8-5 01:15 | |
|
|
Coinspeaker IRS is Sending Out 10,000 Letters in Crackdown on Unreported Crypto EarningsAs part of its efforts to ensure compliance, the IRS has commenced sending out letters to erring crypto users.
2019-7-29 14:15 | |
|
|
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 and issue subpoenas to make sure U.
2019-7-10 21:00 | |
|
|
By CCN Markets: U. S. citizens who have failed to report their income from crypto transactions or underreported such income now have every reason to worry. According to Bloomberg, the Internal Revenue Service has identified a couple of taxpayers who underreported their earnings from crypto income or completely failed to report such earnings.
2019-6-22 15:14 | |
|
|
By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders.
2019-6-14 15:51 | |
|
|
By CCN: Cryptocurrency maverick and U. S. 2020 presidential candidate John McAfee announced Thursday that he was going offline fearing for his life and freedom, prompting speculation and wild conspiracy theories on social media.
2019-5-18 17:41 | |
|
|
Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.
2019-5-4 22:03 | |
|
|
In the United States, the Internal Revenue Service (IRS) will be knocking cryptocurrency users’ doors explaining that it is mandatory to inform crypto trades and pay the related taxes on them. Investors, holders, and other individuals must be compliant with this issue.
2019-1-30 20:59 | |
|
|
Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.
2018-12-14 03:12 | |
|
|
With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U. S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits.
2018-9-27 00:00 | |
|
|
The newly elected co-chair of the Congressional Blockchain Caucus, U. S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets.
2018-9-22 18:10 | |
|
|
Index funds have more than proven their worth as a preferred option for those with an eye on retirement. But now there is conversation about the value of adding bitcoin and other cryptocurrencies to this investment mix.
2018-9-11 16:58 | |
|
|
Just recently, there is evidence of a crackdown on tax evasion and cryptocurrency. Agents are now learning blockchain technology to allow them to follow the money through the system. The Internal Revenue Service (IRS) has gathered a specified team of criminal agents to establish tax evasion cases on users of cryptocurrencies like lordsofcrypto, a popular […]
2018-8-2 22:53 | |
|
|
The IRS is keeping close tabs on cryptocurrency users across the United States. A brand-new compliance campaign has been launched to ensure everyone files their taxes properly when it comes to Bitcoin and altcoins.
2018-7-11 17:00 | |
|
|
Cryptocurrency users have a few interesting habits when it comes to dealing with taxes. This has caused the IRS to launch official investigations involving cryptocurrency exchanges. Additionally, it seems the agency has co-founded the J5 initiative, or Joint Chiefs of Global Tax Enforcement.
2018-7-5 22:00 | |
|
|
In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release.
2018-7-4 23:36 | |
|
|
The United States Department of Justice has finalized the forfeiture of over $400 million in assets that were seized from Larry Dean Harmon, who operated the darknet crypto mixing service known as Helix.
U.S. Senator Todd Young of Indiana is calling on the Internal Revenue Service (IRS) to review Biden-era tax guidelines for cryptocurrency rewards.
The White House is reviewing a proposal from the IRS to adopt an international standard for reporting and taxation of digital assets.
Сообщение IRS Crypto Chief Trish Turner Steps Down After Just 3 Months появились сначала на Coinstelegram.
Trish Turner has stepped down from her position leading the Internal Revenue Service’s crypto division. This is after approximately three months in the role. The departure is another leadership change for the agency’s cryptocurrency unit. The agency has also experienced…
U.S. Supreme Court decided not to consider a case from Coinbase user against the IRS.
U.S. crypto investors are receiving IRS warning letters at a dramatically higher rate, with CoinLedger reporting a 758% increase over the past 60 days.