IRS News

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…

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month.

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.

The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.

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…

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…

The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices.

Cryptocurrency exchange Kraken challenges the Internal Revenue Service's (IRS) requests for user data.

U.S. President Joe Biden's proposed budget will be released on March 9, including a stipulation to tax loss loopholes on crypto transactions. 

The Internal Revenue Service {IRS} recently published a list of reporting obligations for the general public regarding cryptos.

The Internal Regulatory Authority has revealed a plan to the government to include self-employed workers with the Portuguese finance authority as digital assets service providers. The IRS has been making efforts to add taxes to several entities and people within,…

Crypto casinos operating in U.S. states which have legalized online gambling adhere to laid out laws and regulations. Clients also access several benefits cryptocurrencies have to offer.

Tech innovation is an inevitable exercise that looks forward to transforming the phase of various industries. Ideally, new systems and solutions need to be developed or upgraded to meet current requirements. Digital currencies and blockchains are some of the solutions…

A redditor has shed light on Do Kwon’s recent problems with UST, saying it could encourage regulators to harshly view the crypto space. The UST stablecoin, and Luna crypto crashed just a few weeks ago, causing massive losses to investors.…

A recent report has unveiled Portugal Finance minister’s order, which states that all crypto assets holders will face taxes, after years of the country being considered an offshore for crypto. The secretary of fiscal issues in the countries also talked…

However, many NFT stakeholders complain that there are no clear tax regulations around NFT.