IRS

Harper vs. IRS Lawsuit: Why it Matters for Crypto Investors
Harper vs. IRS Lawsuit: Why It Matters for Crypto Investors
The IRS responds to a 2020 lawsuit filed by James Harper, who accused the tax agency of illegally obtaining his financial records from Coinbase. Benjamin Powers and “The Hash”...
Harper vs. IRS Lawsuit: Why it Matters for Crypto Investors

irs-lawsuit-privacy
How a Lawsuit Against the IRS Is Trying to Expand Privacy for Crypto Users
Why is the IRS trying to keep this case out of court? Because it may have widespread implications for privacy laws involving cryptocurrency users if the IRS loses.
irs-lawsuit-privacy

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Bitcoin ‘Underperforms’ During Tax Time: Analysis
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
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Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
irsmosh2

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IRS Again Warns Crypto Investors They Under-Reported Gains
For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But it may be a false alarm again.
moshed-2020-7-13-19-5-50

taxesss
PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
PayPal opening its network to cryptocurrencies could create a serious tax headache for users.
taxesss

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Tax Payers Needn't Disclose Merely Holding Crypto: IRS Draft 2020 Guidance
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
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IRS May Make It Harder to Avoid Declaring Crypto on Tax Returns
The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
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pennies-change
Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo
The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.
pennies-change

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Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure
The new tool comes as the IRS is sending more letters to crypto investors.
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