Internal Revenue Service News

The Internal Revenue Service (IRS) is hiring employees from the crypto industry to improve its expertise in working with digital assets. According to a Feb. 28 Bloomberg report, the IRS has hired two former cryptocurrency executives. One of them, Sulolit…

U.S. officials will seize money from victims of bankrupt crypto firm FTX Trading Ltd. unless a judge rejects the government’s demand for $24 billion in unpaid taxes. The Internal Revenue Service (IRS) must substantiate its claim against FTX and show…

The IRS has announced the extension of the period for comments on crypto tax reporting requirements until January 25, 2024.

The US taxation watchdog is tightening the noose around crypto investors. IRS Wants to Know About Your Crypto Indulgences The US Internal Revenue System (IRS) recently released drafts of its income tax forms for 2020 which particularly asks all taxpayers…