Latest News Of Internal Revenue Service Tag

Formulating crypto tax guidelines is priority, IRS tells Congress

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.

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Lawmakers want IRS to issue urgent guidance on crypto taxes

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.

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Short-term investor loses increase in 2018

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.

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IRS takes 5 years to respond to Bitcoin FOIA request

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.

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McAfee to run 2020 bid from international waters after IRS ‘exile’

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.

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US spent millions attempting to track crypto users: report

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.

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US lawmakers want IRS to clarify guidelines on crypto tax

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.

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Expect more price falls as tax deadline looms for US crypto owners

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.

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Digital currency is taxable, IRS reminds taxpayers

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.

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Coinbase introduces tax tool for cryptocurrency earnings

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.

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CFTC, SEC, IRS clash over what cryptocurrencies are

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.

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No extra tax for crypto: Germany treats digital coins as legal tender

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.

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