IRS

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IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again
Less than a year has passed since the IRS first sent taxpayers cryptocurrency "soft letters."
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US Lawmakers Don't Want Proof-of-Stake Networks to Get Overtaxed
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
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IRS Seeks Elliptic’s Crypto Tracing Software in Response to COVID-19
President Donald J. Trump invoked the Stafford act in March, authorizing federal agency funding.
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IRS Enlists Coinbase in Latest Crypto Tracing Deal
The tax collector has agreed to pay Coinbase up to $237,000 over the next two years for its "Analytics" tracing software.
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IRS Sued by Ex-Coinbase User Over Seizure of Financial Records
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.
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IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: Watchdog
Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.
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Even the IRS Admits Some Crypto Tax Regulations Are 'Not Ideal'
Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.
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Coinbase Offers US Feds New Crypto Surveillance Tools
Coinbase Analytics vaults the massive crypto exchange into a crowded field of blockchain tracing companies all vying for millions of federal dollars.
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IRS Solicits Contractors to Help Examine Crypto Traders' Tax Returns
The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual c...
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Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds
Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a surve...
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