IRS

There are a total of 47 articles associated with IRS.
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A crypto-industry lawsuit is “moot” now that Joint Resolution 25 has been signed into law

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Having passed Congress, the resolution will now head to Trump’s desk

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The vote is in addition to the spending stopgap bill, proposed by House Republicans over the weekend

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Senate Majority Leader John Thune said the IRS rule “puts at risk the privacy and security” of millions of Americans trading digital assets

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The Blockchain Association’s latest letter comes with a warning to Capitol Hill lawmakers

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Corresponding resolutions were introduced to “roll back the disastrous” rule requiring custodial brokers to report transactions

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The IRS’s new 1099-DA form is going to be an adjustment for accountants working with crypto-holding clients

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Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets

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Plus, publicly traded crypto companies had a pretty eventful news week

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FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M

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Elsewhere, Readygg welcomes former PlayStation Division executive as an advisor

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Selling and trading cryptocurrencies will trigger a taxable event

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There are fresh reporting requirements for crypto, but the Treasury says businesses get a pass until they can finalize the new rules

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Traders are concerned about whether or not their activities put them in legal jeopardy after new IRS rules in effect from Jan. 1

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“The goal of the Official Committee continues to be to maximize recoveries for unsecured creditors of FTX and expedite distributions,” the Official Committee of Unsecured Creditors said

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“The only source of recovery is by taking recoveries away from victims,” FTX debtors warned

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In a call with reporters Monday, division chief Jim Lee said that crypto-related tax evasion cases are mounting

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The Treasury and Internal Revenue Service pushed the deadline to submit comments on their proposed crypto regulations by two weeks

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The IRS’s proposed tax rules hinder digital asset growth by imposing restrictions that question their utility, Coinbase’s Vice President of Tax wrote Thursday

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The broker rule, introduced in August under President Joe Biden’s Jobs Act seeks to establish clear reporting standards for the crypto industry

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Their current stance is a half-baked attempt that could stifle innovation and burden an emerging industry

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Accountants and exchanges have started to parse through the new IRS tax proposals and decipher what they could mean for investors and the future of the industry

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Individuals who only engage in distributed ledger validation, including miners and stakers, are exempt from broker requirements, Treasury officials said

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A group of Democratic senators have asked the Treasury and IRS to speed up their rulemaking process for crypto tax policy

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