IRS targets privacy coins, Lightning Network and Schnorr signatures
The federal agency is seeking more information about so-called "privacy coins" and other technologies that obfuscate digital asset transactions.
Latest Internal Revenue Service News
Ernst & Young tax tool targets traders filing digital currency forms
CryptoPrep collects information on a user’s trades made on and off major exchanges and compiles it into a downloadable 8949 tax form.
Coinbase users pull out over $200M in digital currency over privacy concerns
Coinbase users removed over $200 million worth of BTC after reports surfaced that the platform offered its analytics to federal authorities.
Coinbase dangles analytics tool in bid to align with US feds
Coinbase has offered to license out its analytics platform to the U.S. Internal Revenue Service and the Drug Enforcement Administration.
Digital currency taxation confuses US taxman
IRS is recruiting digital currency tax professionals to help them audit tax returns on digital currency earnings.
IRS to host tax summit for crypto firms
The U.S. tax authority has invited companies within the crypto sector, as well as other industry stakeholders, to the summit on March 3.
IRS removes tax reporting doubts for in-game tokens
The Internal Revenue Service has rolled back on language that could have required gamers to report their virtual cash dealings from a number of popular video games.
US lawmakers make another try at certain crypto tax exemptions
A bipartisan bill is attempting to allow some crypto gains free from tax obligations.
US Congress seeks answers on taxing crypto forks, airdrops
Eight congressmen want the IRS to start providing clarity, and leniency, on crypto answers that they haven’t fully addressed yet.
IRS rejects ‘surveillance conspiracy’ as it demands Coinbase turn over user records
The Internal Revenue Service has ordered California-based cryptocurrency exchange Coinbase to turn over records about one of its users.
IRS lawyer clarified tax deferments for digital currencies
If tax payers thought they could defer on activity before 2018, the IRS says different.
Cryptocurrency tax: What you should know
While every other sector of the crypto industry has become better with time, taxation continues to be unnecessarily difficult thanks to regulatory ambiguity and outdated technology.