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Internal Revenue Service

IRS sends new batch of ‘crypto letters’ to taxpayers
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28 August, 2020

IRS sends new batch of ‘crypto letters’ to taxpayers

There are three types of letters, each indicative of the degree to which the IRS thinks individuals are underreporting digital...
Lawmakers urge ‘proactive policy’ for taxing digital currency staking rewards
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7 August, 2020

Lawmakers urge ‘proactive policy’ for taxing digital currency staking rewards

In a letter to the IRS, the lawmakers explain how taxing staking rewards as income could lead to excessive tax...
IRS now focusing on privacy coins, Lightning Network, and side chains
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21 July, 2020

IRS now focusing on privacy coins, Lightning Network, and side chains

IRS’s new Initiative should not come as a shock to investors paying close attention to legal developments or those who...
US taxman signs on to use Coinbase Analytics
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20 July, 2020

US taxman signs on to use Coinbase Analytics

The IRS signed a one-year US$124,950 contract with Coinbase that gives them access to Coinbase Analytics.
The CoinGeek Pulse: Episode 4
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17 July, 2020

The CoinGeek Pulse: Episode 4

This week in digital currency and blockchain, we see the winds of greater regulation start to blow across the sector.
Coinbase former customer sues IRS for records seizure
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17 July, 2020

Coinbase former customer sues IRS for records seizure

Researcher Jim Harper received a letter stating the IRS “had reason to believe” he had not paid full tax on...
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