A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS.
Are there any pitfalls in NFT taxation according to the current U.S. laws?
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited.
What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.
Bitcoin’s price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before.
A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear
Just remember, the IRS is quite interested in crypto and is taking steps to unearth those who do not report.
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space.
A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions.