News

Coinbase Gives IRS More Than 10K Users’ Information

After fighting the IRS in court, popular digital currency marketplace Coinbase has been ordered by the Northern District of California to turn over more than 10,000 users’...

Adam James | Feb 24, 2018 | 09:30
South Korea Claims $28M Tax From Bithumb But Finds No 'Illegal Activity'
News

IRS Stymied Over American Cryptocurrency Traders’ Reluctance to...

As cryptocurrency investors continue to see gains, it appears they’re also continuing to stay quiet about their earnings to avoid taxation from the IRS. Where are the American...

Patrick Smith | Feb 14, 2018 | 21:00
News

Does the IRS Fear Bitcoin?

An op-ed in the New York Times theorizes that the IRS fears Bitcoin due to tax evasion. What actions could the IRS take to combat this? The Internal Revenue Service (IRS) is one of the...

Jeff Francis | Jan 23, 2018 | 11:00
Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework
News

Internal Revenue Service (IRS) Asked to Provide a Clearer...

At least two US institutions have requested that the IRS propose a definitive structure for taxing cryptocurrencies in the country. As authorities see the lucrative appeal of virtual...

Nikita Blows | Jan 20, 2018 | 17:00
trump bitcoin
News

Trump Administration Considering Regulating Bitcoin

As Bitcoin and other cryptocurrencies continue to rise in both value and popularity, national governments are starting to scrutinize them more. Case in point is that the Trump...

Jeff Francis | Dec 02, 2017 | 01:00
News

Coinbase ‘Unprecedented Victory’ Sees 14k Transactions...

An “unprecedented victory for the industry” is how Coinbase describes the likely culmination of its year-long legal battle with US tax authorities this week. $20k Or Nothing, Court...

Wilma Woo | Nov 30, 2017 | 06:00
IRS
News

IRS Not Happy with ‘Reporting Gap’ from Coinbase Users

The IRS is vigorously pursuing its case against Coinbase as it announces a “reporting gap” where only 0.2% of Coinbase users reported a loss or gain on their cryptocurrency...

Jeff Francis | Nov 15, 2017 | 07:00
News

Using Bitcoin to Buy Things Could Trigger IRS Tax Bill

Using Bitcoin to buy everyday things, such as a burger, could trigger a tax bill from the IRS due to cryptocurrency being considered property. However, there is potential relief on the...

Jeff Francis | Oct 22, 2017 | 07:00
IRS bitcoin tax
Bitcoin

IRS Hopes to Catch Bitcoin Tax Cheats With Blockchain Tracking...

The IRS is hoping to use the Reactor software by Chainalysis to track Bitcoin movement from wallet to wallet and then to exchanges in order to catch tax cheats. For some peculiar...

Jeff Francis | Aug 23, 2017 | 08:00
Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework
News

Judge Slams IRS, Allows User to Challenge Case on Coinbase

In a contentious ongoing case between the IRS and Coinbase, a user of the exchange was granted the right to contest the governmental agency’s sweeping call for private...

Darryn Pollock | Jul 21, 2017 | 12:00
Binance's Founder Squares Off Against Sequoia Capital in Legal Dispute
Bitcoin

Coinbase Versus IRS: IRS Concedes The First Round

In what is being heralded as one of the biggest ever victories for the cryptocurrency community, the Internal Revenue Service has decided to considerably limit the scope of its...

Karan Kapoor | Jul 13, 2017 | 01:30
Coinbase Versus IRS: Court Hints At 'Narrowing' Of Investigation Scope
News

Coinbase Versus IRS: Court Hints At ‘Narrowing’ Of...

Coinbase may have “won” part of its battle to keep its transaction records away from the US Internal Revenue Service (IRS). ‘Narrowing’ The ‘Overly...

Wilma Woo | Jul 07, 2017 | 14:30

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