IRS


Videos

IRS Serves ‘John Doe’ Summons to sFOX Looking for Possible Tax Evaders

The Internal Revenue Service (IRS) served a “John Doe” summons on crypto prime dealer sFOX earlier this week, sFOX Head of Operations Christopher Behnke said. The move allows the tax agency to hunt for potential tax evaders who are using company services. Behnke added the company is reviewing the document internally and contemplating next steps.

CoinDesk placeholder image

Policy

IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders

A California court has authorized the agency to serve a "John Doe" summons.

The IRS' headquarters in Washington. (Zach Gibson/Getty Images)

Videos

Coinbase Is Reportedly Selling Geolocation Data to US Government

Cryptocurrency exchange Coinbase is reportedly selling geolocation data to U.S. Immigration and Customs Enforcement (ICE), according to Tech Inquiry’s research. Jack Paulson, the nonprofit’s executive director, discusses the key findings of his analysis, plus insights on Coinbase’s other government contracts with the IRS and FBI.

CoinDesk placeholder image

Videos

Coin Center Sues Treasury Over ‘Unconstitutional’ Tax Reporting Rule

Crypto think tank Coin Center filed a lawsuit against the U.S. Treasury Department and IRS on Friday, claiming a crypto tax reporting requirement enshrined in last year’s infrastructure law is “unconstitutional.”

CoinDesk placeholder image

Policy

Coin Center Sues US Treasury Over 'Unconstitutional' Tax Reporting Rule

The rule was included in last year's infrastructure law that galvanized the industry over a separate broker rule.

(Cheyenne Ligon/CoinDesk)

Finance

ZenLedger Raises $15M to Expand Crypto Tax Products

The funding comes on the heels of ZenLedger’s “best tax season ever.”

The deadline for filing U.S. tax returns is April 18. (Pictures of Money/Flickr)

Policy

How Do You Tax an NFT?

Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.

The OECD wants to make it harder to keep your bitcoin secret from the authorities by stashing it in tax havens. (Michal Ben Ari/EyeEm/Getty Images)

Opinion

The Right Tax Treatment of Staking Rewards Is Clear: Taxation Only After Sale

The U.S. needs to get straight on staking rewards, or risks losing its edge on the crypto industry.

(StellrWeb/Unsplash, modified by CoinDesk)

Opinion

3 Crypto Tax Tips to Avoid IRS Trouble

Crypto investors filing their taxes must know how to track cost basis, maintain good records of all original purchases and transactions, and report everything in U.S. dollar terms.

(Stefani Reynolds/Bloomberg via Getty Images)