Browsing Tag
IRS
25 posts
Kraken Ordered by Court to Provide IRS with Account Information
Cryptocurrency exchange Kraken has been ordered by a federal court to provide the Internal Revenue Service (IRS) with…
Ron DeSantis Will Abolish the IRS if Elected as President in 2024
Florida Governor Ron DeSantis recently said that he will scrape off the Internal Revenue Service [IRS], if he…
Does Coinbase Report to IRS?
The Truth Behind Coinbase and IRS Reporting: What You Need to Know If you’re in the crypto world,…
Does Crypto.com Report to the IRS?
Understanding Cryptocurrency Taxation Cryptocurrency taxation might seem like a daunting subject, but it’s essential to understand how it…
Cryptocurrency Investors May Have to Pay Tax for Their Frozen Funds
Cryptocurrency investors went through the toughest period in 2022. Thousands of investors were locked out of accessing their…
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…