Browsing Tag
IRS
40 posts
David Schwartz’s XRP staking idea tests IRS reward tax rules
David Schwartz says newly minted XRP staking rewards should not face tax before sale, reviving debate over IRS…
Washington Moves To Review Crypto Tax Rules With New IRS Study Bill
Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions…
Crypto tax relief bill asks IRS to review small payments
US lawmakers introduced the PARITY Act, directing Treasury to review crypto tax relief for small payments, stablecoins and…
New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy
The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are…
Senator Young pushes Bessent to rethink taxes on crypto staking rewards: report
U.S. Senator Todd Young of Indiana is calling on the Internal Revenue Service (IRS) to review Biden-era tax…
IRS to White House: Adopt the CARF; This new proposal could change crypto taxes
The White House is reviewing a proposal from the IRS to adopt an international standard for reporting and…
IRS’s top crypto executive Trish Turner resigns after brief tenure
Trish Turner has stepped down from her position leading the Internal Revenue Service’s crypto division. This is after…
Court rules IRS can collect Coinbase user data without warrants
U.S. Supreme Court decided not to consider a case from Coinbase user against the IRS.
IRS crypto letters spike over 750% as enforcement wave looms, CoinLedger Warns: report
U.S. crypto investors are receiving IRS warning letters at a dramatically higher rate, with CoinLedger reporting a 758%…
IRS warning letters to crypto investors are on the rise: what do they really mean?
Lately, the Internal Revenue Service has ramped up the frequency of warning letters sent to cryptocurrency investors. Reports…
