IRS

If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning

After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own…

IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge

A California federal court has affirmed the validity of the United States Internal Revenue Service’s (IRS) request for data from…

US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records

Zietzke filed a $104,482 capital gain for 2016, with two bitcoin transactions apparently making up the bulk of the funds.…

Missouri Firm Launches New Software For Reporting Crypto Taxes

Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. As the 2019 tax year comes to…

IRS Vs. Bitcoin ATMs: Industry Says There Is Already Enough Regulation

Earlier this week, the number of Bitcoin (BTC) ATMs installed worldwide reached a new milestone, surpassing 6,000. Coincidentally, another major…

IRS Laughs Off Coinbase User’s ‘Surveillance Conspiracy’ in Tax Reporting Case

The United States Internal Revenue Service (IRS) has argued that its summons on major American crypto exchange Coinbase is indeed…

IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks

United States Internal Revenue Service (IRS) Criminal Investigation Chief John Fort said that the regulator is looking into potential tax…

US Crypto Investors May Need To Consider Amending Past Tax Returns

Tax law surrounding crypto assets is currently convoluted and confusing, even despite Congress demanding the IRS clarify the law, and…

IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions

The like-kind exchange tax exemption is not applicable to cryptocurrency transactions, according to the United States Internal Revenue Service (IRS). …

Her Majesty the Queen Rules Out Crypto as Currency

Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s…

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