Variant Fund’s Chief Legal Officer Jake Chervinsky is positive that there may be a looming lawsuit with the Internal Revenue Service (IRS) as the potential defendant. This big expose comes as the... Read more »
Table of Contents The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital... Read more »
Crypto investment firm Paradigm has filed an amicus brief urging the reversal of a district court’s decision in the James Harper lawsuit against the U.S. Internal Revenue Service (IRS). In an October... Read more »
In an unprecedented move, the United States’ highest tax authority decreed that cryptocurrency staking rewards will be reported as gross income within the year of receipt. IRS Revenue Ruling 2023-14: Game-Changer for... Read more »
Last 12 months was ugly for cryptocurrencies. Even earlier than the demise of the FTX and different cryptocurrency exchanges which have since declared chapter, crypto was confused. For many buyers, the FTX scandal capped... Read more »
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VUXS5NOGF5K2BM63HSMM5Q4ISY.jpg "Crypto trader can sue IRS over ‘John Doe’ summons for Coinbase records – 1st Circ")
The Internal Revenue Service (IRS) constructing is seen in Washington, U.S. September 28, 2020. REUTERS/Erin Scott Register now for FREE limitless entry to Reuters.com Register (Reuters) – The U.S. Internal Revenue Service... Read more »
The sweetest champagne can carry the heaviest hangover, and the greatest windfalls usually carry the heaviest tax burdens. For anybody who offered or traded dogecoin, ether, bitcoin or different cryptos final 12... Read more »
sponsored Many crypto exchanges ship tax types to the IRS, every with their very own listing of supported tokens and data that doesn’t essentially match up. This can create a whole lot... Read more »
In a bit of excellent information for the crypto mining sector and staking platforms, it’s being reported that crypto miners and stakers won’t have to report transactions to the US Internal Revenue... Read more »
The IRS revealed a letter addressed to state senator Maggie Hassan (D-NH) calling on Congress to strengthen its cryptocurrency disclosure guidelines to assist stop cyberattacks. The letter, dated December 21, is available... Read more »