IRS News

If this article makes you realize you forgot to report your crypto gains in past years, consider amending it to fix it. Don’t wait for the IRS to find you.

With increased worldwide regulatory scrutiny, technological innovation, market competition, and evolving consumer trends, the landscape of crypto exchanges will evolve rapidly.

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…

In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns…

Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month.

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.

The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking rewards, along with various other income…

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded…

The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices.

Cryptocurrency exchange Kraken challenges the Internal Revenue Service's (IRS) requests for user data.

U.S. President Joe Biden's proposed budget will be released on March 9, including a stipulation to tax loss loopholes on crypto transactions. 

The Internal Revenue Service {IRS} recently published a list of reporting obligations for the general public regarding cryptos.

The Internal Regulatory Authority has revealed a plan to the government to include self-employed workers with the Portuguese finance authority as digital assets service providers. The IRS has been making efforts to add taxes to several entities and people within,…