IRS

In 2027, P2P reporting will commence under IRS Crypto Reporting, with an emphasis on aggregate transaction amounts. IRS Crypto Reporting will commence in 2027 for peer-to-peer (P2P)…

Buddy Carter's Fair Tax Act aims to supplant federal income and payroll taxes with a 23% national consumption tax and abolish the IRS. Filed as H.R. 25, the proposal would eliminate the…

IRS crypto tax regulations will be extended for an additional year, until 2026, to allow crypto exchanges to select cost-basis methods for calculating gains and losses. In accordance with…

In a "final charge on its way out of power," the U.S. government agency finalized the rule, which mandates identification for DeFi front ends. The Internal Revenue Service (IRS), the tax…

The IRS has introduced Form 1099-DA specifically for cryptocurrency, which will increase openness.Brokers are required to file Form 1099-DA beginning in January 2025. The introduction of…

The IRS has taken a proactive stance toward crypto compliance and enforcement by recruiting two seasoned digital-asset executives, a strategic move that will strengthen the agency's…

This inquiry is irrelevant to a contentious $10,000 rule and relates to all taxpayers. The IRS reminded all taxpayers on January 22 to respond to a query regarding digital assets and to…

Coinbase Global Inc., a cryptocurrency exchange, has spoken out against the IRS's proposed new tax policy. According to CoinDesk, Coinbase has responded to an Internal Revenue Service…

Kraken, a cryptocurrency exchange situated in San Francisco, is in the middle of a court battle with the Internal Revenue Service (IRS) over the latter's demand for customer data. The…

A guy from Ohio faces decades in jail after pleading guilty to stealing Bitcoin (BTC) worth millions of dollars from the Internal Revenue Service (IRS). The U.S. Department of Justice…