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.
Eight congressmen want the IRS to start providing clarity, and leniency, on crypto answers that they haven’t fully addressed yet.
The Internal Revenue Service has ordered California-based cryptocurrency exchange Coinbase to turn over records about one of its users.
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has become better with time, taxation continues to be unnecessarily difficult thanks to regulatory ambiguity and outdated technology.
The U.S. Internal Revenue Service (IRS), the agency responsible for collecting federal taxes in the country, is tackling cryptocurrency.
There’s no doubt that the cryptocurrency ecosystem carries with it a lot of implications tied to legal issues, financial issues and even tax issues.
Brazil’s Internal Revenue Service (IRS) now requires those engaged in cryptocurrency transactions to report their activities.