IRS Financial News

07.09 / 08:29

business regulation IRS Federal Reserve US Treasury, IRS propose cryptocurrency regulations for brokers

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.

28.08 / 21:33

regulation SEC security Gemini IRS Taxes New tax rules for crypto in the US: Law Decoded

The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to simplify tax filings and cut down on tax cheating. According to the U.S. Treasury, the regulations bring digital asset reporting into line with reporting on other types of assets.

25.08 / 21:57

IRS crypto tax Department US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?

The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crack down on tax cheats, as well as to assist law-abiding taxpayers know how much they owe.

25.08 / 17:17

regulation IRS Taxes Digital Asset IRS releases draft of proposed reporting rules for digital asset brokers

The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.

21.08 / 20:53

regulation IRS Taxes guidance Coin Center responds to US lawmakers’ request for crypto tax guidance

Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to the taxation of digital assets.

07.08 / 20:37

regulation IRS FTX Taxes creditors NOT FTX has a plan, but creditors are not impressed: Law Decoded

FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.

03.08 / 05:49

Law regulation IRS Taxes Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”

01.08 / 16:23

Binance IRS Tax TRON Customers Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.08 / 04:05

regulation IRS Taxes Proof-of-stake Staking Crypto Staking Crypto staking rewards are taxable once received: IRS

United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority.

26.07 / 19:51

regulation IRS Court Taxes Staking Lawyers Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report

Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens.

02.07 / 09:23

Legal IRS Kraken Tax Crypto Exchange Kraken Ordered to Submit User Transaction Data to IRS – Here's the Latest

Cryptocurrency exchange Kraken has been ordered by a judge to submit a vast amount of user information to the Internal Revenue Service (IRS) for an investigation into potential tax evasion.

01.07 / 10:29

Blockchain regulation IRS Kraken Taxes user data compliance Kraken ordered by court to disclose user data to IRS for tax compliance

A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange's users had underreported their taxes.

21.06 / 16:33

regulation IRS transactions Taxes How To How to track and report crypto transactions for tax purposes

As cryptocurrencies and blockchain assets continue to grow in popularity and mainstream adoption, the United States Internal Revenue Service has taken an increasing interest in their taxation.

20.06 / 21:21

regulation Department Of Justice Drugs IRS FBI Interpol Five US enforcement agencies form new digital currency anti-crime task force

A diverse group of United States enforcement agencies have made official their cooperation on crimes related to the darknet and digital currency with the announcement of the Darknet Marketplace and Digital Currency Crimes Task Force on June 20. The new organization will target “cryptocurrency-enabled crimes” such as drug trafficking, money laundering, theft of personal information and child exploitation.

07.06 / 22:37

business IRS Machine Learning Taxes Intuit introduces proprietary large language models for fintech with GenOS

Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, Mailchimp and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative artificial intelligence (AI) technologies.

06.06 / 16:48

Binance CFTC IRS Tax CBOE Blockdaemon Today in Crypto: Two US Representatives Demand Crypto Tax Regulations, Atomic Wallet Stolen Funds Traced to N.Korean Hackers, OKX Partners with Custody Service Provider Komainu, Zodia Custody Joins Hands with Blockdaemon

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

06.06 / 15:55

Adoption regulation IRS Congress letter US Congressmen blame crypto firms for 'tax gap' in letter to Treasury

Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service (IRS), demanding the implementation of tax regulations for the crypto industry.

25.05 / 00:31

Crime IRS Cybercrime IRS Sends Experts Next Month Around the World To Combat Cybercrime With a Focus on Crypto

The US Internal Revenue Service will deploy experts next month to four continents to combat cybercrime, with a particular focus on tax and financial crimes that use cryptocurrency.

12.05 / 08:57

IRS sanctions Ukraine war IRS Trains Ukraine to Track Russian Cryptocurrency Activity – Here's What You Need to Know

The Internal Revenue Service (IRS) is offering virtual and in-person training sessions on tracing blockchain transactions for Ukrainian officials.

11.05 / 15:29

Adoption regulation IRS Taxes investigation Bitcoin How the IRS seized $10B worth of crypto using blockchain analytics

Blockchain analysis has been key in helping the United States Internal Revenue Service (IRS) seize an estimated $10 billion worth of cryptocurrency since it began investigating a broad body of crimes involving digital assets.

11.05 / 09:47

IRS FTX Tax FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service

The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.

frequently asked questions 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 latest articles about IRS can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on IRS?

We consult with professionals to ensure that the information about IRS is well-supported and helpful for our readers.