In a recent op-ed, former head of the IRS Criminal Investigation Division Dan Fort warned the tax agency will shift from education to enforcement in 2021.
The IRS has released revised draft instructions that clarify the virtual currency question that they added to the 1040 tax form.
The days of digital currency being used in unmarked trades that result in profit or loss are over–and that’s not a bad thing, Patrick Thompson writes.
The IRS has wrongfully began sending digital currency traders CP2000 notices in regarding to their reported earnings from digital currrency trading.
The Internal Revenue Service has been considering different approaches to digital currency taxation, a federal official has revealed.
The U.S. Internal Revenue Service has offered clarification on the rules around declaring digital currency activity in new guidance.
The IRS is offering a $625,000 contract to any individual or firm that can create a tool that tracks Monero or Layer 2 transactions.
The IRS has called on qualified firms to come onboard and assist it to calculate whether U.S digital currency traders are paying their taxes on their holdings.
The Spanish tax authority is stepping up its digital currency taxation efforts, with a report indicating it’ll quadruple its notices to digital currency owners.
Tax experts in South Korea have proposed a gradual tax imposition for crypto, starting with a low level tax trading before the transfer income tax application.
As the activity over the past month shows, there have been ups and downs, but everything is pointing to a better, more fine-tuned industry.