Tag: IRS
What are Unreported Gains and Why Do They Matter?
When venturing into financial markets, understanding the concept of unreported gains is crucial. These gains can significantly impact your investment ...
Kraken Crypto Exchange to Disclose User Data to IRS Under Court Directive
Cryptocurrency exchange Kraken has announced its obligation to disclose the data of 42,000 users to the U.S. Internal Revenue Service ...
US Senators Renew Push for Mandatory Reporting of Crypto Transactions Over $10,000
In an unprecedented move, Senators, spearheaded by Elizabeth Warren (D-MA), are targeting US history’s most stringent cryptocurrency restrictions. Notably, transactions ...
Your Crypto Staking Rewards Are Now Taxable, Thanks to the IRS
In an unprecedented move, the United States’ highest tax authority decreed that cryptocurrency staking rewards will be reported as gross ...
The IRS’s Power Over Crypto Transactions: The Case of Coinbase User James Harper
In a landmark decision poised to send ripples across the cryptocurrency market, the judicial system has affirmed the authority of ...
Filing Crypto Taxes: Where To Begin
As of Jan. 1, 2018, all U.S. taxpayers must report the market value of their cryptocurrency holdings at the end ...
The Deluxe Version of TaxACT Doesn’t do Much for Crypto Holders
Filing taxes as a cryptocurrency user can be very difficult. Thankfully, most tax software solutions tend to offer a helping ...
Bitcoin User Sues IRS Over Violating Fourth and Fifth Amendment
It is a well-known fact that the IRS is targeting cryptocurrecy users for quite some time now. While the agency ...
The IRS Announces a 90-day Tax Filing Delay
It does not happen all that often that the IRS is offering a helping hand. Following the coronavirus, the tax ...
US Congress Urges IRS to Offer Clear Crypto Taxation Guidance
The crypto tax situation in the US remains unclear. Despite efforts by the IRS, it has become increasingly complex to ...
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