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Internal Revenue Service

IRS expands digital assets tax category to include NFTs

Steve Kaaru

31 October, 2022

IRS expands digital assets tax category to include NFTs

The IRS has amended “virtual currency” to “digital assets” in the 2022 tax year draft instructions, expanding the category to...

IRS hunts digital currency tax cheats with M.Y. Safra bank summons

Business

Gavin Lucas

26 September, 2022

IRS hunts digital currency tax cheats with M.Y. Safra bank summons

The summons, often referred to as a "John Doe" summons, seeks information on customers of SFOX who may not have...

IRS court filings pursue SFOX to turn in user details for tax auditing

Business

Wahid Pessarlay

13 August, 2022

IRS court filings pursue SFOX to turn in user details for tax auditing

The filings also mention M.Y. Safra Bank, which partnered with SFOX in 2019 to offer its customers cash deposit accounts...

Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule

Business

Wahid Pessarlay

14 June, 2022

Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule

The tax law amendment requires individuals and businesses that receive $10,000 or more in digital currencies to report the sender's...

US interstate tax consortium J5 lists NFT marketplace red flags

Business

Steve Kaaru

5 May, 2022

US interstate tax consortium J5 lists NFT marketplace red flags

In its first guidance on NFTs, J5 listed phishing scams, fake token giveaways, and wash trading as some of the...

US Treasury: Digital currency miners, stakers and coders won’t be considered brokers

Business

Gavin Lucas

17 February, 2022

US Treasury: Digital currency miners, stakers and coders won’t be considered brokers

The U.S. Treasury letter says that coders, stakers, and miners wouldn't have access to information about the sales of securities...

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Steve Kaaru

30 Jun 2025

Internal Revenue Service

IRS expands digital assets tax category to include NFTs

IRS hunts digital currency tax cheats with M.Y. Safra bank summons

IRS court filings pursue SFOX to turn in user details for tax auditing

Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule

US interstate tax consortium J5 lists NFT marketplace red flags

US Treasury: Digital currency miners, stakers and coders won’t be considered brokers

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