Browsing Tag
IRS
20 posts
US House Passes Bill To Cut Funding For 87,000 New IRS Agents
A lot of events have unfolded over the past few days in the US political circuit. Kevin McCarthy…
NFTs to be taxed in the US?
The 2021 version of the Internal Revenue Service form 1040 saliently featured a line item [highlighted in the…
ICYMI: IRS to Track Crypto Users Who Avoid Paying Taxes
Since 2019, the IRS has asked taxpayers to disclose their crypto activities on the first page of their…
Ripple, Coinbase, Tether receive ‘Instruction’ letters from Lawmakers
Lawmakers have asked crypto firms in the US to provide data with respect to their diversity and inclusion…
US Government To Delay Data Tracking That Will Push Crypto Tax Collection Further
The US government is slowing down on its decision to collect billions in crypto tax as the authorities…
Operation Hidden Treasure: Launched by the IRS to Target Crypto Tax Evaders
With the increased use of cryptocurrency, the IRS launched an operation aimed at taxpayers attempting to conceal their…
Crypto: Decoding what IRS’ ‘Operation Hidden Treasure’ is all about
With adoption on the rise on the macro frame, more and more investors have been stepping into the…
18 April deadline: With Crypto’s inclusion, is the US tax season different this time?
Tax filings are going in full swing in the US, and for the first time in three years,…
Tezos Staking couple, IRS lawsuit: Agency files to ‘dismiss’ case
Earlier in February last month, it was reported that the Internal Revenue Service (IRS) would nullify taxes on…
IRS will nullify taxes on this type of cryptocurrency
In May last year, a Nashville couple had filed a lawsuit against the U.S. Internal Revenue Service (IRS)…