IRS

IRS Serves ‘John Doe’ Summons to sFOX Looking for Possible Tax Evaders
IRS Serves ‘John Doe’ Summons to sFOX Looking for Possible Tax Evaders
The Internal Revenue Service (IRS) served a “John Doe” summons on crypto prime dealer sFOX earlier this week, sFOX Head of Operations Christopher Behnke said. The move allows...
IRS Serves ‘John Doe’ Summons to sFOX Looking for Possible Tax Evaders

Coinbase Is Reportedly Selling Geolocation Data to US Government
Coinbase Is Reportedly Selling Geolocation Data to US Government
Cryptocurrency exchange Coinbase is reportedly selling geolocation data to U.S. Immigration and Customs Enforcement (ICE), according to Tech Inquiry’s research. Jack Paulson,...
Coinbase Is Reportedly Selling Geolocation Data to US Government

Coin Center Sues Treasury Over 'Unconstitutional' Tax Reporting Rule
Coin Center Sues Treasury Over ‘Unconstitutional’ Tax Reporting Rule
Crypto think tank Coin Center filed a lawsuit against the U.S. Treasury Department and IRS on Friday, claiming a crypto tax reporting requirement enshrined in last year’s infr...
Coin Center Sues Treasury Over 'Unconstitutional' Tax Reporting Rule

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?

Bitcoin Mining Can Generate Significant Tax Revenue
Bitcoin Mining Can Generate Significant Tax Revenue
As part of CoinDesk’s Tax Week coverage, Research Analyst George Kaloudis shares insights on how the IRS can collect tax revenue from crypto miners.
Bitcoin Mining Can Generate Significant Tax Revenue

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

Tax Software Firm TaxBit Value Tops $1B Unicorn Status
Tax Software Firm TaxBit Value Tops $1B Unicorn Status
TaxBit, a crypto tax software provider for IRS and various institutional clients, raised $130 million in a Series B funding round that valued the startup at $1.33 billion.
Tax Software Firm TaxBit Value Tops $1B Unicorn Status

IRS Will Reportedly Ignore How Infrastructure Bill Defines 'Broker'
IRS Will Reportedly Ignore How Infrastructure Bill Defines ‘Broker’
The U.S. Treasury Department is reportedly preparing to offer an olive branch to crypto developers, miners, and hardware firms spooked by the $1 trillion bipartisan infrastruc...
IRS Will Reportedly Ignore How Infrastructure Bill Defines 'Broker'