Latest News Of Internal Revenue Service Tag
Business 22 May 2019
Formulating crypto tax guidelines is priority, IRS tells Congress
Responding to congressional pressure, the IRS admits it needs to do a lot more to tax cryptocurrencies.
Business 15 April 2019
Lawmakers want IRS to issue urgent guidance on crypto taxes
Twenty-one lawmakers has sent a bipartisan letter to the Internal Revenue Service (IRS) requesting guidance on crypto taxes.
Business 5 April 2019
Short-term investor loses increase in 2018
Recent filings to the Internal Revenue Service indicate that short term crypto investors are having a harder time than long-term ones.
Business 5 April 2019
IRS takes 5 years to respond to Bitcoin FOIA request
After taking as long as they could, the IRS has finally provided a reporter with documents about their Bitcoin policies from 2014.
Business 24 January 2019
McAfee to run 2020 bid from international waters after IRS ‘exile’
Eccentric entrepreneur and famous crypto enthusiast John McAfee has fled the United States after being indicted by the Internal Revenue Service (IRS), as he prepares his run for U.S. presidency in 2020.
Business 26 September 2018
US spent millions attempting to track crypto users: report
A new report showed that the US government has spent a total of $5.7 million on contractors to conduct blockchain analysis and track the origins of cryptocurrency transactions.
Business 21 September 2018
US lawmakers want IRS to clarify guidelines on crypto tax
Five legislators in the United States have sent an open letter to the Internal Revenue Service (IRS), urging the tax agency to update its cryptocurrency tax guidelines.
Business 6 April 2018
Expect more price falls as tax deadline looms for US crypto owners
As if the situation was not bad enough for cryptocurrency owners, further pressure on prices looms in the form of the April 15 tax deadline in the United States.
Business 26 March 2018
Digital currency is taxable, IRS reminds taxpayers
The U.S. Internal Revenue Service has warned taxpayers about incurring penalties should they fail to report their cryptocurrency-related incomes.
Business 13 March 2018
Coinbase introduces tax tool for cryptocurrency earnings
Coinbase has also provided a step-by-step guide to calculate cryptocurrency-related taxes with the tool, simplifying the often cumbersome and laborious procedure.
Business 8 March 2018
CFTC, SEC, IRS clash over what cryptocurrencies are
CFTC case ruling incites a tug-of-war on who has jurisdiction over cryptocurrencies.
Business 1 March 2018
No extra tax for crypto: Germany treats digital coins as legal tender
The German Finance Ministry announced cryptocurrency will be treated like legal tender when used as a payment method.