The U.S. IRS will ask taxpayers whether they received, sold, sent or exchanged any financial interest in cryptocurrencies in 2019.
IRS News
The Internal Revenue Service or IRS is a public authority of Federal Government of the United States. The IRS is responsible for all tax collection and controls the implementation of tax legislation. The service was formed in 1862 and is headquartered in Washington, D.C.
There is currently an essential issue concerning the IRS with regards to the taxation of cryptocurrency. The organization has already announced that Bitcoin and other kinds of digital money are regarded as a possession, mining as a way of income, and the storing of cryptocurrency as equivalent to holding gold, meaning that everything should be taxed using the existing laws. Due to the IRS, if a Bitcoin owner came into possession of it by mining and then sold it, it is supposed to be considered 100% profit, which should be taxed between 15% and 20%, depending on its size. In addition to that, the IRS requested some large cryptocurrency exchange administrations for information about clients whose transactions were more than $20,000/year between 2013-2016.
- News
- Expert Take
The United States Internal Revenue Service (IRS) commissions blockchain analysis services and can investigate crypto reports.
- News
H&R Block has begun providing consultations on how to properly file cryptocurrency gains and losses on tax returns.
- Expert Take
Some in the crypto community have embraced Puerto Rico. Could it be the country for you?
- Expert Take
The IRS is using unreliable tax forms received from cryptocurrency exchanges to come after traders.
- Expert Take
“Willful” vs. “non-willful” tax flubs with crypto transactions have huge consequences with the IRS.
- How to crypto
The United States tax collecting and legislation authority, the Internal Revenue Service, sends a new round of letters to cryptocurrency holders.
- Crypto Map
Here’s how today’s crypto taxation laws look like across the globe, from the U.S. to South Korea, Switzerland, Japan, Australia and Malta...
- Expert Take
More than 10,000 taxpayers with crypto transactions will receive letters from the IRS by the end of August.
- News
Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds.
- News
The United States Internal Revenue Service is sending letters to crypto investors to apparently scare them into accurately reporting their crypto-related income...
- News
by Helen Partz
The Internal Revenue Service hopes to require tech giants such as Google and Microsoft to silently share crypto-related activity by users: Report.
- Expert Take
It might be possible to have your trust pay the lower corporate tax rate of 21% rather than your individual crypto tax rate.
- Analysis
Caitlin Long and Peter Van Valkenburgh find themselves on the opposite sides of the federal-versus-state regulation divide.
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