Latest News Of Internal Revenue Service Tag

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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The next big headache for investors? Taxes on your cryptocurrency

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.

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The crypto tax conundrum: Pay taxes in crypto, pay more 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.

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Troubled times ahead for Coinbase as IRS tax probe moves closer to approval

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

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