California Court Shuts Down Coinbase User’s Fight Against IRS Crypto Summons
TL;DR A California federal judge dismissed Roger Metz’s attempt to quash an IRS summons to Coinbase after finding a fatal service error. The court never ruled
irs (Latest Publications)
New IRS Plan Lets Coinbase and Kraken Require Electronic Tax Reporting
TL;DR: The IRS proposes that brokers like Coinbase and Kraken mandate the digital delivery of tax forms. The measure aims to streamline the use of the
Crypto ETFs Enter Maturity Phase as IRS and SEC Actions Drive Rapid Expansion of Products
TL;DR: Crypto ETFs enter a maturity phase as IRS and SEC actions provide clearer rules that accelerate product launches and institutional adoption. Issuers expand beyond BTC
IRS Gives Directives to Start Taxing Crypto Staking Rewards
The United States Internal Revenue Service (IRS) recently announced that any staking rewards obtained from validation activities within a Proof-of-Stake (PoS) network must be reported and
BlockFi Partners with TaxBit to Offer Tax Reporting Tools to US Customer
BlockFi has partnered with TaxBit, the leading tax and accounting software provider for the digital economy, to offer new crypto tax reporting tools to its US customers through its newly launched BlockFi Tax Center.
US Internal Revenue Service (IRS) Solicits Crypto Tax Software Company to Audit Crypto Tax Returns
The United States’ Internal Revenue Service (IRS) is looking for a company with expertise in crypto tax audits to calculate taxpayers’ gains or losses as a
US Congress Members Send Letter to IRS Commissioner Asking for Further Clarity on Crypto Tax Laws
8 member of US Congress, in a letter sent to US Internal Revenue Service (IRS) commissioner Charles P. Rettig, urged the agency to provide more regulatory
[Regulations] – US IRS Issues Guidance on Cryptocurrency Hardforks and Airdrops in Latest Advisory
It has been more than 5 years since the US tax authority the Internal Revenue Service (IRS) has given an advisory on how to treat cryptocurrencies.
H&R Block a US Based Accounting Firm Comes to the Aid of Crypto Enthusiasts to Help Them File Their Taxes
As the Internal Revenue Authority tries its best to go after what crypto enthusiasts owe it, people are panicking after receiving letters from the taxman. In
The IRS is Now Sending CP2000 Letters to Crypto Traders informing them of Wrongfully Filing their Taxes
After sending warning letters to crypto traders for missing out on filing their returns for the 2017 financial year, the IRS has migrated to now sending
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