IRS


Policy

IRS Will Seize Crypto Assets on Failure to Pay US Taxes: Official

Crypto is treated by the IRS as property for U.S. tax purposes and can be seized in the same way, an official said.

IRS

Markets

IRS Taps TaxBit to Audit Bulk Crypto Transactions

TaxBit will aggregate transaction data and ensure that the right figures were reported by the taxpayer.

The IRS has tapped TaxBit with providing crypto-specific support when the agency audits high-volume accounts.

Policy

How to File Your Crypto Taxes (and Not Get Screwed)

Here are seven things you need to know about cryptocurrency taxes.

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Videos

Kraken Ordered to Provide IRS User Info for Transactions Over $20K

A U.S. court has ruled that Kraken must comply with a “John Doe” summons that allows the IRS to track down users who transacted more than $20K in crypto on the exchange between 2016 and 2020. “The Hash” panel discusses privacy and government crypto surveillance.

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Markets

Crypto Won't Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says

The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.

Money printer

Policy

State of Crypto: The IRS Sets Its Sights on Circle

The IRS has issued a John Doe summons to Circle, in a repeat of its collection of Coinbase customer information. What has changed since then?

The IRS wanted to know about Coinbase's customers a few years ago. Now it's looking at Circle (and Poloniex, which hasn't been part of Circle since 2019).

Policy

New Jersey Man Admits to Running Unlicensed Bitcoin Exchange

The erstwhile operator of “Destination Bitcoin” could face up to five years in federal prison and a $250,000 fine.

IRS

Videos

The IRS Seeks the Names of Circle Customers Transacting Over $20K in Crypto

The IRS is seeking to know who is transacting in crypto and who isn't paying taxes on those transactions. The agency is now trying to get the names of Circle customers who made transactions over $20K. Nik De breaks down what's going on in the IRS as it relates to crypto. Plus, reaction to former SEC chairman Jay Clayton's comments that we should expect to see bitcoin regulations.

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Policy

IRS Seeks Names of Circle Customers Transacting Over $20K in Crypto

A federal court is supporting a request from the IRS to obtain the records of Circle customers, the Department of Justice said Thursday.

Circle founder and CEO Jeremy Allaire