Internal Revenue Service

Is the IRS Exploring NFTs as a Tax Revenue Source?
Is the IRS Exploring NFTs as a Tax Revenue Source?
Nik De, CoinDesk managing editor for Global Policy and Regulation, joins “First Mover” to provide the latest update in an ongoing lawsuit against the Internal Revenue Service...
Is the IRS Exploring NFTs as a Tax Revenue Source?

IRS Offers Tezos Staker Refund on Rewards Tax
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing...
IRS Offers Tezos Staker Refund on Rewards Tax

IRS Offers Tezos Staker Refund on Rewards Tax
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing...
IRS Offers Tezos Staker Refund on Rewards Tax

Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS
Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS
New year, new tax requirements. The Internal Revenue Service (IRS) is cracking down on payments received through third-party apps like Venmo, PayPal and Cash App to ensure tho...
Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS

IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
In its 2021 draft of the 1040 Individual Income Tax Return form, the U.S. Internal Revenue Service (IRS) has more clearly stated how crypto assets should be taxed than 2020. “...
IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
The Internal Revenue Service has requested $32 million in funding to enforce crypto taxation and wants to hire specialized blockchain analytics contractors. This comes on the...
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets
Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets
Minnesota Republican Congressman Tom Emmer joins “First Mover” to discuss his bill that would protect crypto investors from reporting gains or losses on forked assets until th...
Rep. Tom Emmer on Reintroduced Bill to Protect Investors With Forked Crypto Assets

How Will a U.S. Treasury Department Proposal Affect Crypto Markets?
How Will a U.S. Treasury Department Proposal Affect Crypto Markets?
In a report released Thursday, the Treasury Department said it plans to require businesses to disclose crypto transactions over $10K to the IRS. CoinDesk’s Nik De breaks down...
How Will a U.S. Treasury Department Proposal Affect Crypto Markets?

Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?
Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?
U.S. Congressman Tom Emmer is reintroducing a bill that would ask the IRS to reconsider how it classifies forked assets of investors who hold cryptocurrencies. CoinDesk’s Nik...
Will a Bill Convince the IRS to Reconsider How it Classifies Forked Assets?

Crypto Enforcement Has Made the IRS Over $20M
Crypto Enforcement Has Made the IRS Over $20M
The IRS’s crypto enforcement is literally paying off. According to Bloomberg Law, the government agency has brought in over $20 million from crypto enforcement actions. “The H...
Crypto Enforcement Has Made the IRS Over $20M