IRS Softens Stance On Crypto: New Draft Eases Tax Filing Burden
The IRS, or US Internal Revenue Service, has unveiled a fresh draft version for the 1099-DA tax form, used by ...
Tag: IRS
IRS Reveals Preliminary Tax Reporting Form For Digital Assets
The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency ...
IRS Free To Collect Crypto Gains After This Controversial Tax Law Takes Effect
The controversial tax law that requires U.S. citizens to report crypto transactions of $10,000 or more has taken effect, giving ...
FTX Creditors’ Compensation In Jeopardy Following This New Development
FTX has challenged the IRS on its $24 billion tax bill claims, arguing that the agency’s “unexplained” tax debt would ...
IRS Slaps FTX With Massive $24 Billion Tax Bill, Crypto Exchange Responds
While FTX struggles to recover from its bankruptcy and long list of lawsuits, the failed crypto exchange has been slammed ...
Crypto Rebellion: Industry Leaders Fight Back As US Treasury’s Tax Reporting Plan Sparks Outcry
The cryptocurrency realm is mounting a resilient resistance against impending regulatory proposals seeking to broaden the scope of entities obliged ...
IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt
The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from ...
Kraken Picks Customer Privacy Over IRS As It Fights Tax Compliance Dispute
San Francisco-based cryptocurrency exchange Kraken finds itself in the midst of a legal showdown with the Internal Revenue Service (IRS) ...
