Internal Revenue Service

(Shutterstock)
IRS, Chainalysis and Ukraine Targeting Russian Crypto Sanctions Evaders Jointly
The IRS Criminal Investigation division is supporting Ukrainian investigators by providing blockchain analysis tools.
(Shutterstock)

IRS Looks to Tax NFTs Like Other Collectibles
IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a mo...
IRS Looks to Tax NFTs Like Other Collectibles

IRS Includes NFTs in US Tax Language
IRS Includes NFTs in US Tax Language
The U.S. Internal Revenue Service (IRS) released an updated draft for its 2022 instructions for form 1040 filers that swaps the old category for "virtual currency" with broade...
IRS Includes NFTs in US Tax Language

Is the IRS Exploring NFTs as a Tax Revenue Source?
Is the IRS Exploring NFTs as a Tax Revenue Source?
Nik De, CoinDesk managing editor for Global Policy and Regulation, joins “First Mover” to provide the latest update in an ongoing lawsuit against the Internal Revenue Service...
Is the IRS Exploring NFTs as a Tax Revenue Source?

IRS Offers Tezos Staker Refund on Rewards Tax
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing...
IRS Offers Tezos Staker Refund on Rewards Tax

IRS Offers Tezos Staker Refund on Rewards Tax
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing...
IRS Offers Tezos Staker Refund on Rewards Tax

Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS
Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS
New year, new tax requirements. The Internal Revenue Service (IRS) is cracking down on payments received through third-party apps like Venmo, PayPal and Cash App to ensure tho...
Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS

IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
In its 2021 draft of the 1040 Individual Income Tax Return form, the U.S. Internal Revenue Service (IRS) has more clearly stated how crypto assets should be taxed than 2020. “...
IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
The Internal Revenue Service has requested $32 million in funding to enforce crypto taxation and wants to hire specialized blockchain analytics contractors. This comes on the...
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets
Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets
Minnesota Republican Congressman Tom Emmer joins “First Mover” to discuss his bill that would protect crypto investors from reporting gains or losses on forked assets until th...
Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets