Internal Revenue Service

How Will a U.S. Treasury Department Proposal Affect Crypto Markets?
How Will a U.S. Treasury Department Proposal Affect Crypto Markets?
In a report released Thursday, the Treasury Department said it plans to require businesses to disclose crypto transactions over $10K to the IRS. CoinDesk’s Nik De breaks down...
How Will a U.S. Treasury Department Proposal Affect Crypto Markets?

Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?
Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?
U.S. Congressman Tom Emmer is reintroducing a bill that would ask the IRS to reconsider how it classifies forked assets of investors who hold cryptocurrencies. CoinDesk’s Nik...
Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?

Crypto Enforcement Has Made the IRS Over $20M
Crypto Enforcement Has Made the IRS Over $20M
The IRS’s crypto enforcement is literally paying off. According to Bloomberg Law, the government agency has brought in over $20 million from crypto enforcement actions. “The H...
Crypto Enforcement Has Made the IRS Over $20M

Kraken Ordered to Provide IRS User Info for Transactions Over $20K
Kraken Ordered to Provide IRS User Info for Transactions Over $20K
A U.S. court has ruled that Kraken must comply with a “John Doe” summons that allows the IRS to track down users who transacted more than $20K in crypto on the exchange betwee...
Kraken Ordered to Provide IRS User Info for Transactions Over $20K

The IRS Seeks the Names of Circle Customers Transacting Over $20K in Crypto
The IRS Seeks the Names of Circle Customers Transacting Over $20K in Crypto
The IRS is seeking to know who is transacting in crypto and who isn’t paying taxes on those transactions. The agency is now trying to get the names of Circle customers who mad...
The IRS Seeks the Names of Circle Customers Transacting Over $20K in Crypto

Reasons For A Sudden Drop in Bitcoin's Price; What's Next
Reasons for a Sudden Drop in Bitcoin’s Price; What’s Next
Bitcoin’s price fell about 10% with $6B in options set to expire tomorrow. Edward Woodford of Zero Hash analyzes the crypto markets, what might have been behind the BTC drop a...
Reasons For A Sudden Drop in Bitcoin's Price; What's Next

How the IRS Plans to Root Out Crypto Tax Evasion
How the IRS Plans to Root Out Crypto Tax Evasion
“Operation Hidden Treasure” sounds fun, but it’s actually a new IRS plan to uncover and tax unreported crypto income. Is this an overreach or government regulations finally ca...
How the IRS Plans to Root Out Crypto Tax Evasion

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The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.
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IRS
IRS Says It's Sending Warning Letters to US Cryptocurrency Owners
The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.
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