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IRS
U.S. House Votes to Overturn IRS DeFi Broker Rule
The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.
IRS Shares New Crypto Tax Form, Invites Industry Input
The IRS’ new U.S. crypto tax regime will begin to go into effect for 2025 taxes, though some controversial aspects remain to be worked out.
Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud
The two executives, Joshua Porter and Gulsen Kama, say they were fired for attempting to blow the whistle on alleged accounting and securities fraud at the company.
U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.
Chainalysis Hires Former IRS Criminal Investigations Chief Jim Lee
In his new role, Lee will advise law enforcement and tax agencies on how they can better fight crypto crime with Chainalysis data.
3 Crypto Tax Tips
Miles Fuller, Senior Director of Government Solutions at Taxbit, shares some tips for crypto investors as the deadline for tax filing looms Plus, how FTX's repayments to customers could potentially affect tax liabilities.
Crypto Tax: Everything You Need to Know
Taxbit Senior Director of Government Solutions Miles Fuller explains everything investors need to know before filing their crypto taxes, including potential deductions from losses in previous years and how recent developments in bankruptcies could affect tax liabilities. Plus, insights on the latest IRS guidelines and stress relief during tax season.
U.S. Arrests 'Bitcoin Rodney,' Alleged HyperVerse Crypto Scheme Promoter, on IRS Charges of Fraud
Rodney Burton was arrested on Friday in Florida and will be transferred to Maryland.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange's bankruptcy case.
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.