Internal Revenue Service

The IRS made headlines by focusing on crypto tax compliance. Discover the implications for your investments and strategies to stay ahead.

DeFi·Donald Trump·

4 months ago

NFT Trader Pleads Guilty to Tax Fraud Over CryptoPunk Earnings, Facing Prison Time

Trader Sentenced for Tax Fraud Related to NFTs A trader of non-fungible tokens (NFTs) may be sentenced to six years in prison after admitting to tax fraud involving nearly $13 million in

3 months ago

Crypto Market Sentiment for 2025-05-01

Market Sentiment Summary The overall sentiment in the cryptocurrency news is mixed, showcasing both positive developments and concerns regarding security and regulatory challenges. Key Positive Events and Trends Reward Launches: Ethena Labs

3 months ago

Crypto Market Sentiment for 2025-05-06

Current Cryptocurrency Market Sentiment Overall market sentiment in the recent cryptocurrency landscape appears to be mixed. Positive Developments Positive developments include the successful Ethereum Pectra upgrade and the introduction of Ethena Labs’

IRS Introduces New Crypto Reporting Form, Raising Concerns Over Inaccurate Tax Data and Possible Audits

IRS Introduces Form 1099-DA for Cryptocurrency Reporting As the Internal Revenue Service (IRS) rolls out its new Form 1099-DA, aimed at simplifying tax reporting for cryptocurrency investors, concerns have emerged regarding the

7 days ago

Bitcoin·Legal

U.S. Treasury Repeals Controversial DeFi IRS Reporting Requirement from Biden Administration

Decentralized Finance Celebrates Legislative Victory The decentralized finance (DeFi) sector celebrated a significant legislative victory as the U.S. Treasury Department announced the repeal of a contentious reporting requirement introduced during the Biden

3 weeks ago

Legal

IRS Intensifies Crypto Oversight with Surge in Warning Letters to Investors

IRS Increases Warning Letters to Cryptocurrency Investors In a notable increase, the Internal Revenue Service (IRS) has ramped up the distribution of warning letters to cryptocurrency investors, igniting concern within the crypto

1 month ago

Bitcoin·Legal

Supreme Court Weighs Controversial IRS Data Collection of Crypto Users: Legal Challenge Looms

Supreme Court and Digital Privacy Rights The U.S. Supreme Court is facing pressure to reconsider a contentious practice by the Internal Revenue Service (IRS) that led to the collection of private data

1 month ago

Bitcoin·Legal

Crypto Market Sentiment for 2025-06-12

Overall Market Sentiment The overall market sentiment appears to be neutral, with both positive and negative developments within the cryptocurrency ecosystem. Recent headlines showcase a mixture of regulatory activity, market movements, institutional

2 months ago

Digest

Treasury and IRS Extend Compliance Relief for Brokers Reporting Digital Asset Transactions

Update on Digital Asset Reporting Requirements In a significant update for the digital asset market, the U.S. Department of Treasury, in conjunction with the Internal Revenue Service (IRS), has released Notice 2025-33.

2 months ago

Bitcoin·Legal

Crypto Market Sentiment for 2025-06-11

Market Sentiment Analysis The overall sentiment in the cryptocurrency market appears to be positive despite some immediate price fluctuations and regulatory challenges presented in various headlines. Recent developments related to Ethereum (ETH),

2 months ago

Digest

Senator Lummis Advocates for Overhaul of Cryptocurrency Tax Regulations

Cynthia Lummis Advocates for Crypto Tax Reform In recent statements, Wyoming Senator Cynthia Lummis has advocated for a revamp of the tax framework surrounding cryptocurrencies, indicating that current policies have inadvertently placed

2 months ago

Bitcoin·Legal

Crypto Market Sentiment for 2025-05-31

Current Sentiment in the Cryptocurrency Market The current sentiment in the cryptocurrency market appears to be neutral to positive, despite some underlying challenges. Recently, REX Shares and Osprey Funds have filed an

2 months ago

Digest

Biden Administration Recommends Supreme Court Dismiss Coinbase User’s Challenge to IRS Data Request

Biden Administration Advises Supreme Court in Coinbase Lawsuit The Biden administration is advising the Supreme Court not to engage with a lawsuit brought by a Coinbase user contesting the IRS’s attempts to

2 months ago

Bitcoin·Legal

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Internal Revenue Service

NFT Trader Pleads Guilty to Tax Fraud Over CryptoPunk Earnings, Facing Prison Time

Crypto Market Sentiment for 2025-05-01

Crypto Market Sentiment for 2025-05-06

IRS Introduces New Crypto Reporting Form, Raising Concerns Over Inaccurate Tax Data and Possible Audits

U.S. Treasury Repeals Controversial DeFi IRS Reporting Requirement from Biden Administration

IRS Intensifies Crypto Oversight with Surge in Warning Letters to Investors

Supreme Court Weighs Controversial IRS Data Collection of Crypto Users: Legal Challenge Looms

Crypto Market Sentiment for 2025-06-12

Treasury and IRS Extend Compliance Relief for Brokers Reporting Digital Asset Transactions

Crypto Market Sentiment for 2025-06-11

Senator Lummis Advocates for Overhaul of Cryptocurrency Tax Regulations

Crypto Market Sentiment for 2025-05-31

Biden Administration Recommends Supreme Court Dismiss Coinbase User’s Challenge to IRS Data Request

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