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Latest IRS News
News
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December…
BTC
Bitcoin
News
Senator Ted Cruz of Texas is preparing to challenge a newly finalized IRS cryptocurrency regulation using the Congressional Review Act The rule requires decentralized cryptocurrency exchanges to collect customer information, including names and addresses, and issue tax forms to users.…
Follow-up
On Jan. 9, 2025, congressman Earl Carter proposed a bill replacing the US tax code with a national consumption tax and abolishing the IRS. Earlier this month, the IRS was sued by Blockchain Association over the new reporting rule. New…
News
The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S. District Court for the Northern District of Texas.
News
The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets.
Opinion
In the new days of Tulip Mania for Bitcoin, cryptocurrency investors will be subject to worldwide US taxation on their digital assets.
BTC
Bitcoin
News
Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins…
BTC
Bitcoin
News
The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug. 9 update, the new draft has removed several…
Feature
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…
Opinion
Hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.
News
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.
Opinion
Tokenization of the world’s finances is the direction in which the global financial systems, markets, and institutions are inevitably headed.
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.
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.
Opinion
With increased worldwide regulatory scrutiny, technological innovation, market competition, and evolving consumer trends, the landscape of crypto exchanges will evolve rapidly.
News
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…
Follow-up
