IRS

new-irs-draft-tax-form-proposes-tracking-of-certain-crypto-transactions
Posted by | April 22, 2024
New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions

A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset Proceeds From Broker Transactions draft indicates that taxpayers must fill...

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irs-reveals-preliminary-tax-reporting-form-for-digital-assets
Posted by | April 20, 2024
IRS Reveals Preliminary Tax Reporting Form For Digital Assets

The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital Asset...

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irs-official-anticipates-more-crypto-cases-amid-uptick-in-tax-violations,-says-public-private-partnerships-critical
Posted by | April 14, 2024
IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the...

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chainalysis-hires-former-irs-criminal-investigations-chief-jim-lee
Posted by | April 8, 2024
Chainalysis Hires Former IRS Criminal Investigations Chief Jim Lee

Chainalysis has hired former IRS-CI chief Jim Lee for a newly-created position liaising with regulators, tax agencies, and law enforcement Lee will help those agencies better use Chainalysis’ data and...

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ftx-creditors-likely-to-be-paid-up-to-140%-the-value-of-their-original-claims:-report
Posted by | March 27, 2024
FTX Creditors Likely To Be Paid up to 140% the Value of Their Original Claims: Report

FTX’s bankruptcy estate is primed to pay its creditors more than the value of their original claims, according to the Financial Times. Citing two people “with knowledge of the restructuring...

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irs-targeting-bitcoin-and-crypto-traders-as-digital-currencies-become-top-priority-for-agency:-report
Posted by | March 6, 2024
IRS Targeting Bitcoin and Crypto Traders As Digital Currencies Become Top Priority For Agency: Report

The U.S. Internal Revenue Service (IRS) is gearing up for a new campaign to tackle the digital assets industry and the tax implications that come with it. To prepare for...

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irs-recruits-former-binance.us-and-consensys-executives-to-investigate-crypto-tax-evasion
Posted by | February 29, 2024
IRS Recruits Former Binance.US and Consensys Executives To Investigate Crypto Tax Evasion

The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agency’s enforcement efforts in the digital asset space. In a new press release, the IRS...

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irs-recruits-former-binance.us-and-consensys-executive-to-investigate-crypto-tax-evasion
Posted by | February 29, 2024
IRS Recruits Former Binance.US and ConsenSys Executive To Investigate Crypto Tax Evasion

The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agency’s enforcement efforts in the digital asset space. In a new press release, the IRS...

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Posted by | January 3, 2024
New Crypto Tax Law That’s ‘Impossible To Comply With’ Now in Effect, Says Coin Center – Here’s What It Is

A prominent crypto advocacy group says that new crypto tax regulations have come into effect that are impossible to comply with. In a new press release, Coin Center says that...

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Posted by | December 18, 2023
The Pope and US regulators warn about AI risks: Law Decoded

The head of the Catholic Church warned humanity of AI’s potential dangers and explained what needs to be done to control it. Nowadays, everyone has an opinion on artificial intelligence...

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