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Internal Revenue Service

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

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14 August, 2024

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions...

US House passes bill combating terrorist, illicit financing via digital assets

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31 July, 2024

US House passes bill combating terrorist, illicit financing via digital assets

If made law, the Financial Technology Protection Act would establish a working group of key government departments, agencies, and experts...

Roger Ver’s arrest is bad news for some, good news for the rest of us

Steven Stradbrooke

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3 May, 2024

Roger Ver’s arrest is bad news for some, good news for the rest of us

Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s...

IRS bares new digital asset reporting form for US taxpayers

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23 April, 2024

IRS bares new digital asset reporting form for US taxpayers

Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell...

IRS warns ‘crypto’ fans to include digital asset income on tax return … or else

Steven Stradbrooke

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16 April, 2024

IRS warns ‘crypto’ fans to include digital asset income on tax return … or else

Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns,...

IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise

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5 March, 2024

IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise

The IRS has hired Sulolit “Raj” Mukherjee, formerly with Coinbase and Binance.US, where he led tax compliance efforts, and ex-TaxBit...

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