IRS


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Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws

Startups that help Americans calculate their crypto taxes have been raising hundreds of millions, hitting unicorn valuations. Even traditional tax-prep firms are rolling out crypto services. This piece is part of CoinDesk's Tax Week.

(Creative Commons, modified by CoinDesk)

Opinion

Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems

Repurposing tax reporting designed for equity trading ignores the innovation brought about by wallet-to-wallet transactions. This piece is part of CoinDesk's Tax Week.

(Reddit, modified by CoinDesk)

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Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved

A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings. This piece is part of CoinDesk's Tax Week.

(Melody Wang/CoinDesk)

Policy

US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

A letter from a Treasury official addresses crypto industry concerns about access to customer information.

(Samuel Corum/Bloomberg via Getty Images)

Policy

Crypto Tax Pros Throw Cold Water on Staking Excitement

Recent media excitement over a lawsuit partially funded by the Proof of Stake Alliance (POSA) has caused confusion over crypto taxes, but experts say it's best to remain cautious.

(Witthaya Prasongsin/Getty Images)

Policy

Crypto Analytics Tools 'Wave of the Future, Dude,' Judge Quotes Cult Film in $3.6B Bitcoin Seizure Case

A newly unsealed federal court opinion emphasized the role blockchain analytics played in helping law enforcement agents find and confiscate 94,000 bitcoins stolen from Bitfinex.

Meade and Prettyman Federal Courthouses (AgnosticPreachersKid/Wikimedia Commons)

Opinion

Your Staking Rewards Are Still Taxable

The IRS’ recent decision to refund $3,200 to a Nashville couple does not protect staking rewards from future taxation. This piece is part of CoinDesk's Tax Week.

(Stefani Reynolds/Bloomberg via Getty Images)

Videos

IRS Offers Tezos Staker Refund on Rewards Tax

The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight.

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Videos

IRS Offers Tezos Staker Refund on Rewards Tax

The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest update from the IRS and why this is a continuing story to monitor.

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Policy

IRS Offers Tezos Staker Refund on Rewards Tax in Break From Current Policy

The IRS currently taxes cryptocurrencies generated through staking as income,

(Stefani Reynolds/Bloomberg via Getty Images)