Internal Revenue Service

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

Man behind $4M unregistered digital currency business indicted in US
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22 December, 2020

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...
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...