Key Takeaways The United States Supreme Court has declined to hear a case brought by James Harper, a Coinbase user who alleged that the Internal Revenue Service (IRS) violated his constitutional rights when it obtained his crypto transaction records without…
Key Takeaways The United States Internal Revenue Service (IRS) has provided temporary relief for crypto holders by postponing the enforcement of a new rule regarding how gains and losses are calculated for tax purposes. This reprieve, which applies until December…
Key Takeaways Three famous pro-crypto groups- The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council have filed a lawsuit against the Internal Revenue Service (IRS) over its newly finalized broker reporting requirements for decentralized finance (DeFi) platforms. The lawsuit,…
The IRS of the United States has revised its draft form, which requires taxpayers to disclose transactions involving digital assets beginning in 2026.Â
They argue it's unreasonable to spend $254 billion to close a $10 billion tax gap. They argue that enacting these rules would overwhelm the system with 8 billion 1099-DA tax forms.
The United States Internal Revenue Service (IRS) and bankrupt crypto exchange FTX tentatively reached an agreement.
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Key Takeaways Tax evasion related to cryptocurrencies is expected to surge this year, according to Guy Ficco, the head of criminal investigations at the Internal Revenue Service (IRS). Speaking at the Chainalysis Links event in New York, Ficco revealed that…
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
The US IRS has hired two new private-sector specialists in cryptocurrency taxation to concentrate on digital assets.
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