IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
On Sept. 22, a U.S. judge granted the Internal Revenue Service’s (IRS) petition that requires M.Y. Safra Bank to submit...
IRS
Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets
By Andrew Keshner Investors may need all the help they can get from the tax code's capital loss rules Cryptocurrency...
Biden is hiring 87,000 new IRS agents — and they’re coming for you
The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion...
IRS Gets Greenlight on Brokerage Inquiry
IRS is after traders who may have concealed gains made via crypto brokerage SFOX A John Doe summons allows the...
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS)...
IRS Launches Court Action in Crackdown on Crypto Tax Evaders
The U.S. taxman is clamping down on potential tax evaders by going to court to demand information from a cryptocurrency...
IRS Updates Crypto Question for 2022 Tax Return to Include Gifts
IRS once again expands its inquiries into how taxpayers are interacting with cryptocurrencies In the newly released draft of the...
Report: Crypto traders potentially owe IRS around $50B in unpaid taxes
A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service...
Taxpayers get a surprise as the IRS pushes for reporting on crypto assets
The 2022 tax season is coming to an end without many challenges. For the first time in three years, the...
You Still Need to Report Your Crypto Holdings to IRS
With the 2023 tax regulations coming into play which will require crypto transactions over $10,000 to be reported, consumers still...