IRS News

Hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.

FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.

Tokenization of the world’s finances is the direction in which the global financial systems, markets, and institutions are inevitably headed.

This is Part Three of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news.

If this article makes you realize you forgot to report your crypto gains in past years, consider amending it to fix it. Don’t wait for the IRS to find you.

With increased worldwide regulatory scrutiny, technological innovation, market competition, and evolving consumer trends, the landscape of crypto exchanges will evolve rapidly.

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…

In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns…

Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month.

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.

The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking rewards, along with various other income…

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded…

The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices.