How Bad Tax Policy Drives DAOs Out of the US
Despite crypto-friendly laws in Wyoming, most DAOs are choosing to incorporate overseas.
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Nov 18, 2022 at 4:50 p.m. UTC
Nov 18, 2022
IRS
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TaxBit Exec on FTX Collapse, Crypto Taxes
The Financial Times reports FTX held less than $1 billion in liquid assets against $9 billion in liabilities before its bankruptcy filing. TaxBit Government Relations Senior D...
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Nov 14, 2022 at 6:52 p.m. UTC
Nov 14, 2022
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The Key to Taxing Digital Assets Is Finding the Right Cubbyhole
The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's...
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Nov 14, 2022 at 5:18 p.m. UTC
Nov 14, 2022
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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...
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Oct 19, 2022 at 5:10 p.m. UTC
Oct 19, 2022
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IRS Expands Key US Tax Language to Include NFTs
Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
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Oct 18, 2022 at 11:37 p.m. UTC
Oct 18, 2022
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
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Sep 23, 2022 at 2:57 a.m. UTC
Sep 23, 2022
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IRS Serves ‘John Doe’ Summons to sFOX Looking for Possible Tax Evaders
The Internal Revenue Service (IRS) served a “John Doe” summons on crypto prime dealer sFOX earlier this week, sFOX Head of Operations Christopher Behnke said. The move allows...
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Aug 26, 2022 at 3:31 p.m. UTC
Aug 26, 2022
IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
A California court has authorized the agency to serve a "John Doe" summons.
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Aug 16, 2022 at 6:18 p.m. UTC
Aug 16, 2022
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Coinbase Is Reportedly Selling Geolocation Data to US Government
Cryptocurrency exchange Coinbase is reportedly selling geolocation data to U.S. Immigration and Customs Enforcement (ICE), according to Tech Inquiry’s research. Jack Paulson,...
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Jun 30, 2022 at 3:38 p.m. UTC
Jun 30, 2022
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Coin Center Sues Treasury Over ‘Unconstitutional’ Tax Reporting Rule
Crypto think tank Coin Center filed a lawsuit against the U.S. Treasury Department and IRS on Friday, claiming a crypto tax reporting requirement enshrined in last year’s infr...
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Jun 11, 2022 at 7:55 p.m. UTC
Jun 11, 2022