IRS


Markets

Inspector General: IRS Needs to Overhaul Bitcoin Tax Strategy

The US Internal Revenue Service needs to overhaul its strategy for bitcoin, an agency watchdog warned in a report published today.

irs

Markets

CPA Trade Association Pushes IRS for Bitcoin Tax Guidance

The AICPA has submitted comments to the IRS that seek to encourage the US tax agency to provide clarity on bitcoin and digital currency treatment.

tax, calculator

Markets

FinCEN Developed Bitcoin Training for IRS Tax Examiners

FinCEN has been working with the IRS to train its examiners on relevant aspects of bitcoin technology.

FinCEN

Markets

5 Things Bitcoin Owners Must Do When Estate Planning

Certified Financial Planner Jeff Vandrew explains the steps bitcoin holders should take when planning their estates.

bitcoin holder

Markets

LibraTax IRS-Compliant Bitcoin Accounting Software Nears Launch

Libra has announced it will soon launch LibraTax, a software suite to help bitcoin users meet IRS requirements.

tax accounting

Policy

IRS: No Bitcoin Reporting Required for FinCEN Foreign Banking Tax Form

The government agency added that this policy could be changed for future tax years.

tax

Markets

Congressman Jared Polis Accepting Bitcoin Donations Following FEC Ruling

Democrat Jared Polis has become one of the first Congressmen to accept bitcoin for his re-election campaign.

Jared Polis

Markets

US Government Taps Nonprofit to Research Digital Currency Crime

The Internal Revenue Service has announced its intention to contract to a cybersecurity nonprofit to research digital currency crimes.

Dutch police say additional arrests may be possible.

Markets

Lawyers Want Bitcoin Money Laundering Charges Dropped on Technicality

Lawyers representing two Florida men charged with bitcoin-related money laundering want to have the charges dropped on a technicality.

European authorities have busted a crypto fraud operation in Bulgaria, Cyprus and Serbia. (Shutterstock)

Markets

US Congressman to Submit Bitcoin Tax Bill

US Congressman Steve Stockman of Texas is preparing to introduce a new bill recognizing digital currencies as legal tender.

congress