IRS

Project Director of Digital Assets at the IRS on Crypto Regulation

Julie Foerster, Project Director of Digital Assets at the IRS, joins a conversation at Consensus 2023 on the state of crypto regulation. The industry is "waiting for the regul...

By CoinDesk Staff

Apr 29, 2023 at 12:10 a.m. UTC

Apr 29, 2023

IRSConsensus 2023Julie foerster

Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)

Finance

IRS Hopes to Have New Crypto Operating Plan in '12-ish' Months, Official Says

Julie Foerster, the agency's point person for cryptocurrency taxation, also stressed a need for working with the community at Consensus 2023.

By Glenn Williams

Apr 28, 2023 at 9:18 p.m. UTC

Apr 28, 2023

USIRSTaxCrypto TaxesConsensus 2023

How to Navigate Crypto Taxes Before the April 18 Deadline

Video

Irs

How to Navigate Crypto Taxes Before the April 18 Deadline

TurboTax tax expert Lisa Greene-Lewis breaks down what crypto investors should know about their taxes ahead of next week's IRS tax deadline. Greene-Lewis addresses common mist...

By CoinDesk Inc

Apr 14, 2023 at 2:59 p.m. UTC

Apr 14, 2023

IRScdtvTaxFM ClipTurbotaxLisa greene lewis

(Dimitri Karastelev/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

New 1099-DA Reporting Creates More Headaches for Taxpayers

You might think new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.

By Kirk Phillips

Apr 13, 2023 at 4:59 p.m. UTC

Apr 13, 2023

OpiniontaxesCrypto TaxesAccountingIRSUS

Web3

Nfts

How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines

Tax experts weigh in on how the IRS will decide if NFTs are collectibles.

By Megan DeMatteo

Mar 31, 2023 at 7:57 p.m. UTC

Mar 31, 2023

NFTstaxesIRSDigital AssetWeb3

Video

Nfts

How To Navigate Crypto Tax Rules

As the IRS considers whether to tax NFTs like other collectibles such as stamps, works of art and fine wine, Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, discuss...

By CoinDesk Inc

Mar 24, 2023 at 2:54 p.m. UTC

Mar 24, 2023

NFTsIRScdtvFM ClipCoinTrackerShehan chandrasekera

Policy

Regulations

IRS Seeks to Tax NFTs Like Other Collectibles

NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts

By Jack Schickler

Mar 21, 2023 at 2:56 p.m. UTC

Mar 21, 2023

RegulationsCrypto TaxesNFTtaxesIRSUS

Robert Rauschenberg, creator of “Canyon” (Nijs, Jac. de/Fotocollectie Anefo/Nationaal Archief, modified by CoinDesk)

Consensus Magazine

Opinion

Why Not Donate Dead NFT Wallets?

Inaccessible cryptocurrencies presumably have taxable value, meaning they can be donated to a museum, conceptual artist and lawyer Brian Frye writes.

By Brian Frye

Feb 28, 2023 at 2:15 p.m. UTC

Feb 28, 2023

OpinionWeb3NFTsCharityArtDonationsIRS

Policy

Regulations

IRS Seeks Court Approval to Identify Kraken Crypto Customers

The U.S. tax agency is looking to examine Kraken's books and papers.

By Nikhilesh De

Feb 9, 2023 at 8:39 p.m. UTC

Feb 9, 2023

RegulationsIRSKraken

Layer 2

Web 3

Say Goodbye to Proprietary Tax Prep Software

Web3 tax help is a multibillion-dollar opportunity, and a way to plug the gap the government has around tax help and out-compete centralized companies like TurboTax.

By Megan Knab

Nov 18, 2022 at 9:04 p.m. UTC

Nov 18, 2022

Web 3Tax Week 2022IRSOpiniontaxes