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Bitcoin
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$66,727.00 0.24096
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Ethereum
Ethereum (ETH)
$3,491.88 0.10736
Ethereum price
BNB
BNB (BNB)
$593.79 0.54478
BNB price
Solana
Solana (SOL)
$172.13 2.46735
Solana price
XRP
XRP (XRP)
$0.5780050 -2.17989
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -0.51895
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 -0.60616
Pepe price
Bonk
Bonk (BONK)
$0.0000307 0.56015
Bonk price
Bitcoin
Bitcoin (BTC)
$66,727.00 0.24096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,491.88 0.10736
Ethereum price
BNB
BNB (BNB)
$593.79 0.54478
BNB price
Solana
Solana (SOL)
$172.13 2.46735
Solana price
XRP
XRP (XRP)
$0.5780050 -2.17989
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -0.51895
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 -0.60616
Pepe price
Bonk
Bonk (BONK)
$0.0000307 0.56015
Bonk price
Bitcoin
Bitcoin (BTC)
$66,727.00 0.24096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,491.88 0.10736
Ethereum price
BNB
BNB (BNB)
$593.79 0.54478
BNB price
Solana
Solana (SOL)
$172.13 2.46735
Solana price
XRP
XRP (XRP)
$0.5780050 -2.17989
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -0.51895
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 -0.60616
Pepe price
Bonk
Bonk (BONK)
$0.0000307 0.56015
Bonk price

IRS News

Top IRS Stories

Latest IRS News

IRS unveils new crypto tax rules: Are they a good thing?
Feature
Read more - IRS unveils new crypto tax rules: Are they a good thing?

IRS unveils new crypto tax rules: Are they a good thing?

While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial providers still lie ahead. It’s been a long time consuming, but the Internal Revenue Service and the Treasury Department have finally agreed…
Hackers threatening to release sensitive data: should you be concerned? | Opinion
Opinion
Read more - Hackers threatening to release sensitive data: should you be concerned? | Opinion

Hackers threatening to release sensitive data: should you be concerned? | Opinion

Hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.
FTX agrees settlement in $24b IRS tax case
News
Read more - FTX agrees settlement in $24b IRS tax case

FTX agrees settlement in $24b IRS tax case

FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.
The inevitable future of the global financial system is tokenization | Opinion
Opinion
Read more - The inevitable future of the global financial system is tokenization | Opinion

The inevitable future of the global financial system is tokenization | Opinion

Tokenization of the world’s finances is the direction in which the global financial systems, markets, and institutions are inevitably headed.
Tokenization of art, gaming, and the future of NFTs | Opinion
Opinion
Read more - Tokenization of art, gaming, and the future of NFTs | Opinion

Tokenization of art, gaming, and the future of NFTs | Opinion

This is Part Three of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news.
What you need to know about the IRS’s crypto question on tax returns | Opinion
Opinion
Read more - What you need to know about the IRS’s crypto question on tax returns | Opinion

What you need to know about the IRS’s crypto question on tax returns | Opinion

If this article makes you realize you forgot to report your crypto gains in past years, consider amending it to fix it. Don’t wait for the IRS to find you.
Does your digital asset exchange abide by the rules? | Opinion
Opinion
Read more - Does your digital asset exchange abide by the rules? | Opinion

Does your digital asset exchange abide by the rules? | Opinion

With increased worldwide regulatory scrutiny, technological innovation, market competition, and evolving consumer trends, the landscape of crypto exchanges will evolve rapidly.
IRS, Treasury temporarily waive business crypto reporting requirements
News
Read more - IRS, Treasury temporarily waive business crypto reporting requirements

IRS, Treasury temporarily waive business crypto reporting requirements

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…
A taxing year for digital assets begins | Opinion
Opinion
Read more - A taxing year for digital assets begins | Opinion

A taxing year for digital assets begins | Opinion

In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.
Consensys voices concerns over IRS proposed rulemaking for crypto
News
Read more - Consensys voices concerns over IRS proposed rulemaking for crypto

Consensys voices concerns over IRS proposed rulemaking for crypto

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns…
Bitcoin BTC
Nearly 50% of crypto investigations in 2022 involved tax issues, IRS says
News
Read more - Nearly 50% of crypto investigations in 2022 involved tax issues, IRS says

Nearly 50% of crypto investigations in 2022 involved tax issues, IRS says

Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…
Kraken to start sharing user data with IRS
News
Read more - Kraken to start sharing user data with IRS

Kraken to start sharing user data with IRS

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month.
Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations
News
Read more - Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations

Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.
US Treasury and IRS propose guidelines for crypto brokers
News
Read more - US Treasury and IRS propose guidelines for crypto brokers

US Treasury and IRS propose guidelines for crypto brokers

The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.
Staking rewards are now taxable, says IRS
News
Read more - Staking rewards are now taxable, says IRS

Staking rewards are now taxable, says IRS

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking rewards, along with various other income…
Kraken receives court order to turn over customer data to IRS
News
Read more - Kraken receives court order to turn over customer data to IRS

Kraken receives court order to turn over customer data to IRS

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded…