IRS Revises Draft Crypto Reporting Form for US Taxpayers
The IRS of the United States has revised its draft form, which requires taxpayers to disclose transactions involving digital assets beginning in 2026.
Tag irs
Blockchain Association Raise Concerns on IRS Proposed Broker Rule
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.
FTX Settles with IRS for $200 Million
The United States Internal Revenue Service (IRS) and bankrupt crypto exchange FTX tentatively reached an agreement.
CoinCodeCap WeekInFocus: April 21, 2024
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.
IRS Expects Surge in Crypto Tax Crimes Ahead of Tax Filing Deadline
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…
CoinCodeCap WeekInFocus: March 3, 2024
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.
IRS Employs Private-Sector Crypto Experts for Tax Season Preparation
The US IRS has hired two new private-sector specialists in cryptocurrency taxation to concentrate on digital assets.
CoinCodeCap WeekInFocus: January 7, 2024
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.
New IRS Mandate Requires Reporting Crypto Transactions Over $10K
Key Takeaways The United States has entered a new regulatory era for cryptocurrency transactions as key provisions of the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, take effect. These changes include stringent…
IRS Signals Escalation: Surge in Crypto Tax Investigations
The frequency of investigations pertaining to digital asset reporting has increased, according to the United Internal Revenue Service's (IRS) Criminal Investigation (CI) Unit.
