IRS to crack down on digital currency tax evaders in 2021: former chief
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.
Latest IRS News
IRS clarifies digital currency tax form instructions
The IRS has released revised draft instructions that clarify the virtual currency question that they added to the 1040 tax form.
Digital currency evolves in the eyes of IRS
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.
IRS wrongfully sending digital currency tax warnings
The IRS has wrongfully began sending digital currency traders CP2000 notices in regarding to their reported earnings from digital currrency trading.
IRS weighing trade-offs as it drafts digital currency tax rules
The Internal Revenue Service has been considering different approaches to digital currency taxation, a federal official has revealed.
IRS clarifies who needs to disclose digital currency activity
The U.S. Internal Revenue Service has offered clarification on the rules around declaring digital currency activity in new guidance.
IRS offers $625,000 for Monero, Layer 2 tracking software
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.
IRS calls for help calculating traders’ digital currency returns
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.
Spain is sending 66,000 tax notices to digital currency owners
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.
South Korean tax experts propose gradual two-step crypto taxation
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.
What happened to cryptocurrency: October 2019 highs and lows
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.
Beware of fake IRS letters trying to con crypto taxpayers
Although it isn’t tax season, scammers are using the authority of the IRS to try and trick unsuspecting victims.
