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IRS

Roger Ver’s arrest is bad news for some, good news for the rest of us
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3 May, 2024

Roger Ver’s arrest is bad news for some, good news for the rest of us

Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s...
New IRS reporting requirements for digital assets put on ice—for now
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19 January, 2024

New IRS reporting requirements for digital assets put on ice—for now

New rules mandating firms to report digital asset transactions of over $100K won't take effect for now, with the IRS...
Binance tipped ‘VIP’ market-makers months before US legal settlement
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6 December, 2023

Binance tipped ‘VIP’ market-makers months before US legal settlement

Binance's U.S. lobbying spending didn't immunize itself from its legal woes, as more difficulties could arise following revelations that the...
Kraken ask court to intervene against IRS demands
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1 May, 2023

Kraken ask court to intervene against IRS demands

In a petition filed in San Francisco, Kraken argued that it should not be required to comply with “the enormous...
IRS braces for spike in digital asset tax fraud in coming weeks
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8 November, 2022

IRS braces for spike in digital asset tax fraud in coming weeks

Jim Lee, head of the IRS criminal investigation department, noted that the cases are in their “hundreds,” with the bulk...
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...
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