Internal Revenue Service (IRS)

John J. Ray iii sitting on an empty and blank FTX land. Looking at the spotlight hitting him.
FTX News
FTX and IRS Secure Settlement Approval in $24B Debt Claim

The months-long tussle will come to a close with the payment of a significantly lower sum.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Man calculating his crypto tax.
Crypto Market News
New IRS Crypto Tax Stance Positively Surprises Businesses

The IRS revises its stringent crypto tax rules following backlash for poor digital asset requirements.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Man calculating his crypto tax.
Regulations
New IRS Crypto Law Targets Traders with Ambiguous Tax

US crypto users left scrambling to comply with slapdash IRS tax reporting rules steeped in unintended consequences.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
FTX CEO John Ray iii in court with Daniel Werfel. Daniel is opening a empty tax box dissapointed.
FTX News
FTX Tussles with the IRS over Alleged Unpaid $24 Billion Tax

The exchange described the IRS’ tax claims as meritless, contending that it did not operate long enough to incur such.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Soldiers running away from red smoke.
Regulations
IRS and Ukraine Join Forces to Combat Crypto-Related Crime

The IRS and its global counterparts look to fortify Ukraine’s capabilities in combatting crypto-related crimes.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Man going over the text rules whilst his robot counts his coins.
Regulations
U.S. Government Unveils New Crypto Tax Reporting Rules

The U.S. Treasury Department has proposed new crypto tax reporting rules to curb tax evasion.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
A bear in a black tax man suit approaching a couple chilling in their stake pool.
Regulations
‘Stake and Pay’: IRS Declares Staking a Taxable Event

Staking rewards are now classified as gross income.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Monkey riding a skateboard through hands holding crypto coins.
Binance News
Crypto Tax: Basics You Need to Know Before Buying Your First Cryptocurrency

Learn the basics of crypto tax reporting and what you can expect to pay on your crypto gains.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
NFTs
IRS Broadens ‘Digital Assets’ Category to Include NFTs

"Virtual currency" is replaced with "digital assets" in the draft instructions for the 2022 tax year.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Regulations
New IRS Crime Report Cites $3.5 Billion in Crypto Seized in 2020

The crimes that the CCU pursues almost always involve the use of cryptocurrencies to facilitate the criminal activity it fights.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp