Jarod Koopman, head of cybercrime at the U.S. Internal Revenue Service, told CNBC that they seized approximately $700,000 worth of cryptocurrency in the fiscal year 2019, this f...
In a draft form of the 1040 form for 2021 released recently, IRS has proposed asking the question “At any time during 2021, did you receive, sell, exchange, or otherwise dispose...
The U.S. Internal Revenue Service (IRS) issued a memo on Friday clearly mentioned that transactions between Bitcoin, Litecoin, and Ethereum that occurred before January 1, 2018,...
The Internal Revenue Service (IRS) fiscal year 2022 budget requirement is $13.2 billion, which is $1.2 billion (10.4%) higher than the level of last year, according to the IRS' ...
At the hearing of the Senate Finance Committee on June 8, the Commissioner of the Internal Revenue Service Charles Rettig asked Congress to authorize more for the regulation of ...
A federal court in the United States has authorized the Internal Revenue Service (IRS) to serve a “John Doe Summons” on the crypto exchange Kraken, seeking identities of U.S. ta...
An IRS Memorandum released recently further clarifies when cryptocurrency hard forks should be taxed, as reported by Forbes.   The memorandum specifically talks about bitcoin (B...
According to The Block, the Internal Revenue Service (IRS) is seeking to investigate customer transaction records of crypto exchange Kraken as part of its investigation of crypt...
Judge Joseph DiClerico in the District of New Hampshire has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial...
The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, according to CNBC. “This continues to be a tough time for many people, and the I.R.S. w...
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