IRS


Політика

IRS May Make It Harder to Avoid Declaring Crypto on Tax Returns

The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.

IRS 89

Політика

Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo

The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.

Jar of pennies (John Brueske/Shutterstock)

Фінанси

Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure

The new tool comes as the IRS is sending more letters to crypto investors.

(Shutterstock)

Ринки

IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again

Less than a year has passed since the IRS first sent taxpayers cryptocurrency "soft letters."

The IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)

Політика

US Lawmakers Don't Want Proof-of-Stake Networks to Get Overtaxed

Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.

Rep. David Schweikert of Arizona and other members of the Congressional Blockchain Caucus are asking the IRS to ensure “tax policy does not indirectly dissuade U.S. taxpayers from participating” in crypto staking networks. (Gage Skidmore/Flickr)

Ринки

IRS Seeks Elliptic’s Crypto Tracing Software in Response to COVID-19

President Donald J. Trump invoked the Stafford act in March, authorizing federal agency funding.

(Shutterstock)

Ринки

IRS Enlists Coinbase in Latest Crypto Tracing Deal

The tax collector has agreed to pay Coinbase up to $237,000 over the next two years for its "Analytics" tracing software.

Coinbase CEO Brian Armstrong

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IRS Sued by Ex-Coinbase User Over Seizure of Financial Records

Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant.

IRS Lawsuit

Політика

IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: Watchdog

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

The IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)

Політика

Even the IRS Admits Some Crypto Tax Regulations Are 'Not Ideal'

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

The IRS plans to publish additional guidance around cryptocurrencies, with the next document addressing information reporting. (Shutterstock, modified by CoinDesk using PhotoMosh)