Chainalysis And Integra FEC Win $625k Grants From IRS To Track Monero (XMR) Transactions

Announced this last Wednesday, The U. S. Department of Treasury has awarded two grants to blockchain tracking and monitoring firms, Chainalysis and Integra FEC. Both firms received $625,000 in grants in a bid to develop privacy-focused blockchain transactions such as Monero and Layer-2 protocols.

402 +

The IRS is sending tax warning letters to crypto traders

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.

283 +

IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form

The new U. S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies.

379 +

IRS Now Requires Tax Filers to Disclose Crypto Activities

The U. S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019.

345 +

IRS Gets Serious About Crypto With Amendments to Form 1040

Regulators are taking cryptocurrencies more and more seriously, and the IRS seems to be leading the way with a plan to obtain more accurate information from taxpayers regarding their financial activities with cryptocurrencies.

309 +

IRS to Require 150 Million Filers to Disclose Crypto Activities

The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.

305 +

IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

The U. S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.

319 +

No More “Warning” from IRS to Crypto Taxpayers

Crypto investors receiving new letters from the IRS Anytime a mismatch is detected between the trading profit & losses reported by the taxpayer & info received from third party, letters are sent Internal Revenue Service (IRX) is not going to rest until it has wrung every single dollar that a crypto owner needs to pay […]

339 +

IRS Warning Letters: Agency Scrutinizing Tax Returns to Information Received from Exchanges

The Internal Revenue Service (IRS) has been sending out a fresh round of letters to a select group of taxpayers, informing them that their tax returns do not match the information provided by exchanges.

335 +

Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.

895 +