Latest News Of Internal Revenue Service Tag
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.
Business 23 February 2018
The next big headache for investors? Taxes on your cryptocurrency
Many investors holding cryptocurrencies have seen massive gains, some becoming overnight millionaires. But now comes the less fun part: paying taxes.
Editorial 16 February 2018
The crypto tax conundrum: Pay taxes in crypto, pay more taxes
There is a sticky element that needs to be defined in clearer terms, or paying taxes with cryptocurrency could result in having to pay even more taxes.
Business 17 November 2017
Troubled times ahead for Coinbase as IRS tax probe moves closer to approval
It’s been nearly a year since Coinbase embarked on a legal journey to stop the U.S. IRS from getting its hands on customer transaction records