Tag: IRS

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Regulation

IRS Targets 120-Day Tax Disclosure Process: Forbes

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of...
Ethereum

Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions

A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use...
DeFi

AI Agent gets EIN from IRS, bank account, crypto wallet in first autonomous company filing

ClawBank, an agent-economy infrastructure project, said its Manfred AI agent became the first such entity to autonomously set up a company, filing with the...
Crypto News

IRS turns up heat on crypto ahead of April 15 tax deadline. Here’s what you need to know before filing

The US tax filing deadline is April 15 so crypto investors should be proactive, experts say.The IRS is focusing on criminal tax evasion linked...
Crypto News

Two-thirds of crypto investors unaware of new IRS tax rules that could cost them thousands of dollars, Coinbase and CoinTracker warn

Nearly two-thirds of US crypto investors are heading into tax season unaware of new reporting rules that could cost them up to $100,000, says...
Regulation

Coinbase User IRS Block Petition Dismissed After Procedural Failure

A California court on Wednesday dismissed a Coinbase user’s attempt to block an IRS summons for his financial records, in at least the second...
Regulation

IRS Proposes Crypto Exchanges Shift to Mandatory Electronic Tax Documents

The US Internal Revenue Service (IRS) is seeking to require electronic delivery of tax forms to crypto exchange users. Under the current rules, exchanges...