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Internal Revenue Service

Digital currency ATMs being used for drugs and human trafficking: GAO
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18 January, 2022

Digital currency ATMs being used for drugs and human trafficking: GAO

U.S. Government Accountability Office said that since digital currency ATMs are not as strictly regulated, they can allow human traffickers...
IRS updates digital currency question in 1040 tax form
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16 December, 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion...
US man pleads guilty to operating $4M unregistered digital currency business linked to criminal activities
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13 December, 2021

US man pleads guilty to operating $4M unregistered digital currency business linked to criminal activities

Brannen Mehaffey processed about $4 million in digital currencies without registering with the U.S. authorities, some of which were tied...
IRS: Digital currencies are top enforcement priority
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4 October, 2021

IRS: Digital currencies are top enforcement priority

An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes...
Digital currency tax guidance still a priority for IRS
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15 September, 2021

Digital currency tax guidance still a priority for IRS

The IRS released a joint Priority Guidance Plan for ‘21-‘22 with Treasury and it lists its intention to issue tax...
IRS clarifies digital currency tax form instructions
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5 January, 2021

IRS clarifies digital currency tax form instructions

The IRS has released revised draft instructions that clarify the approach digital currency owners should take when it comes to

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