
Internal Revenue Service
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
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
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
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
The IRS has released revised draft instructions that clarify the approach digital currency owners should take when it comes to
Man behind $4M unregistered digital currency business indicted in US
Brannen Mehaffey processed at least $4 million from January 2018 to March 2020 worth of digital currencies, according to federal...
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