Tag: IRS

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NFT

CryptoPunk NFT Seller Admits Guilt in $13M Tax Fraud Scheme

Waylon Wilcox hid $13M in CryptoPunk profits, evading $3.3M in taxes. The IRS is tightening its cryptocurrency control to combat NFT tax evasion. A...
News

Trump Signs Bill to Nullify Expanded IRS Crypto Broker Rule

Trump signs bill repealing IRS crypto broker rule, a win for DeFi. New law prevents future IRS crypto rules without Congressional approval. President Donald...
DeFi

Blockchain Groups Sue IRS Over DeFi Privacy Concerns

Crypto groups sue the IRS over the DeFi broker regulation expansion. Legal battles endangered innovation and drove technology abroad. On December 27, 2024, the...
News

Blockchain Association Sues IRS Over New DeFi Regulations

The Blockchain Association has filed a lawsuit against the IRS over new DeFi regulations, challenging the broker classification and KYC requirements. The Blockchain Association has...
Bitcoin News

The IRS Is Revamping Its 2022 Crypto Reporting Requirements

Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements. The IRS Is Upping the Ante on Its Crypto...
Bitcoin News

Opinion: A Republican-Led House Will Diminish the Biden Anti-Crypto Agenda

Not long ago, the Republican dominated House of Representatives passed a bill to decrease funding for the Internal Revenue Service (IRS) by $70 billion....
Bitcoin News

Gary Harmon, Larry Harmon’s Brother, Pleads Guilty to Crypto Theft

An Ohio native allegedly stole millions of dollars in bitcoin from the Internal Revenue Service (IRS). 31-year-old Gary Harmon has recently pled guilty to...
Bitcoin News

Bitcoin and Crypto Are Becoming Easier to Track

It looks like bitcoin and its digital counterparts are not as ready for crime as many analysts initially thought. The U.S. Justice Department has...
Altcoin News

The IRS Backs Down on Crypto Staking Case

It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man...
Altcoin News

2018 Cryptocurrency Market Decline May Have Severe Tax Implications for US Taxpayers

The 2018 cryptocurrency price declines may push US-based investors into problems with the internal revenue service (IRS). Considering reports that indicate a low volume...
Altcoin News

US Congressman Drafts Three Bills to Support the Cryptocurrency and Blockchain Industry

The Congressional Blockchain Caucus seems to be serious about pushing for speedy regulations as evidenced by its newest co-chair's draft bills. Perhaps one of the...
Altcoin News

US Politicians Urge IRS to Issue Bitcoin Taxation Guidelines by October 2018

Defining regulations regarding cryptocurrencies is a difficult task. In the United States, the IRS is responsible for issuing proper guidelines. In a recent letter,...
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