IRS

US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
May 14, 2020 at 14:31
News
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.
US Parliament Holds First Productive Blockchain Hearing
Mar 12, 2020 at 10:11
News
US Parliament Holds First Productive Blockchain Hearing
For the first time the US House of Representatives has had a very useful debate on Blockchain technology. During the recent debate lawmakers convened an educative and informative discussion on Blockchain technology without bending towards one side due to political wills.
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
Mar 01, 2020 at 11:46
News
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.
New IRS Notice Brings Worry to US Bitcoin Traders
Aug 27, 2019 at 12:52
News
New IRS Notice Brings Worry to US Bitcoin Traders
The Internal Revenue Service (IRS), the United States (US) authority accountable for collecting taxes and overseeing the Internal Revenue Code, posted a sweet video on its official social media platforms about the recently issued CP2000 notices which are of interest to many blockchain users and Bitcoin traders. This is not an audit though it works the same, however, it looks like the IRS notice could cause worry for BTC and digital asset traders.
Over 10,000 Bitcoin Users Get Warning Letters From IRS
Jul 30, 2019 at 13:03
News
Over 10,000 Bitcoin Users Get Warning Letters From IRS
The US federal government revenue service, the Internal Revenue Service (IRS), has started the exercise of emailing around 10,000 letters to different Bitcoin and cryptoasset holders that have maybe failed to pay or report taxes and income on digital asset transactions. They are trying to warn them to act in accordance with the federal tax laws, The WSJ reports.
South Korea: Shinhan Bank to Employ Blockchain to Eradicate Human Error
Dec 11, 2018 at 16:37
News
South Korea: Shinhan Bank to Employ Blockchain to Eradicate Human Error
Shinhan Bank, the second biggest financial institution in South Korea, is in the middle of launching a blockchain technology-based system developed to lower the rate of human error. This initiative was reported on Monday, December 10, 2018, by The Korean Times.
IRS Launches an International Fight to Achieve Cryptocurrency Tax Compliance
Jul 06, 2018 at 13:05
News
IRS Launches an International Fight to Achieve Cryptocurrency Tax Compliance
The United States Internal Revenue Service (IRS) is taking crypto tax compliance to the international stage, joining other major tax authorities from four nations to create a strong coalition tasked with fighting crypto-related tax crimes.
Coinbase Customer To Fight Against IRS Summons in Court
Dec 17, 2016 at 13:10
News
Coinbase Customer To Fight Against IRS Summons in Court
Customer of Coinbase cryptocurrency exchange filed a motion late Tuesday, December 13, in federal court seeking to block the Internal Revenue Service from accessing personal and transactional information of individuals who used the Coinbase Bitcoin trading and storage platform during the years 2013-2015.  
1