IRS Financial News

21.06 / 21:25

IRS ConsenSys crypto regulation Consensys Requests Delay In IRS Crypto Reporting Regulations

Blockchain development firm Consensys formally requested the U.S. Internal Revenue Service (IRS) on June 21 to delay the implementation of proposed tax regulations requiring cryptocurrency brokers and exchanges to report digital asset transactions.

23.04 / 10:38

Blockchain Provident Digital IRS crypto tax information reports IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers

The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions.

15.04 / 08:51

IRS Tax tax evasion IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season.

08.04 / 17:37

IRS Chainalysis crypto tax Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building

Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.

28.02 / 07:07

Provident Digital IRS crypto tax information reports International IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts

The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives to aid in digital asset reporting, compliance, and enforcement programs.

24.01 / 13:55

IRS Tax crypto tax US IRS Reminds Taxpayers to Report all Crypto-Related Income

The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040.

17.01 / 16:39

Blockchain Provident Digital IRS Trade information reports IRS Halts Enforcement of $10K Crypto Tax Reporting Rule Pending Further Regulation

The US Treasury Department and Internal Revenue Service (IRS) have announced that businesses are not required to report the receipt of digital assets in the same manner as cash until specific regulations are issued.

03.01 / 00:58

IRS crypto tax Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect

The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1.

12.12 / 11:37

Provident Cooper IRS FTX consequences reports FTX debtors FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim

Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds.

04.12 / 09:33

IRS Tax Supreme Court Broker This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation

A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level.

14.11 / 20:13

Blockchain Target Digital IRS Blockchain Association Pushes Back Against IRS Regulations on Crypto Brokers

The Blockchain Association, a prominent crypto advocacy and lobbying group based in the US, has strongly opposed proposed Internal Revenue Service (IRS) regulations targeting crypto brokers.

13.11 / 23:29

regulation IRS Taxes Crypto advocacy group pushes back against proposed IRS rules on brokers

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations proposed by the Internal Revenue Service (IRS).

08.11 / 11:31

IRS President Bitcoin information reports Department Confiscation Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans

As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations.

30.10 / 09:49

regulation IRS Kraken Taxes Kraken will share data of 42,000 users with IRS

United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November.

25.10 / 08:41

regulation IRS Taxes IRS extends comments period for new crypto tax rule to mid-November

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until Nov. 13.

24.10 / 03:01

coinbase IRS Court Paradigm DeFi Education Fund, Paradigm File Amicus Brief Supporting James Harper’s appeal against IRS

DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS).

22.10 / 04:17

business Law Digital regulation privacy IRS Kraken rights Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment.

19.10 / 12:40

Blockchain regulation IRS Taxes Bitcoin Threat IRS crypto tax reporting rules threat to industry — Coinbase legal chief

Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on cryptocurrencies. Grewal urged the community to oppose the proposed regulations as it could set a dangerous precedent for surveillance.

16.10 / 21:01

regulation SEC Europe IRS European Union Court The explosive revelations of Caroline Ellison: Law Decoded

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

13.10 / 21:47

coinbase IRS Tax Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto

Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.

11.10 / 21:55

regulation IRS Taxes US lawmakers US lawmakers urge IRS to implement crypto tax reporting requirements before 2026

Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.

what you should know about IRS

What is IRS and why is it gaining attention?

IRS is a high-demand area that draws public attention. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on IRS?

All recent news about IRS can be found in the highlighted block. We publish information as it becomes available.

How can I verify the accuracy of information on IRS?

We use verified data to ensure that the information about IRS is well-supported and valuable for our readers.