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Category Internal Revenue Service

U.S. Clears Way for Crypto ETPs to Get Into Yield Without Triggering Tax Problems

U.S. Clears Way for Crypto ETPs to Get Into Yield Without Triggering Tax Problems

The Internal Revenue Service issued new guidance that Treasury Secretary Scott Bessent said offers a "clear path" to stake digital assets for trusts.
U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS

U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS

A top Coinbase tax executive suggested the IRS isn't ready for the flood of tax reporting about to come in, even as many crypto rules still need to...
State of Crypto: Unsettled U.S. Crypto Tax Scene

State of Crypto: Unsettled U.S. Crypto Tax Scene

As Congress still struggles to work out a crypto tax approach in the U.S., the experts handling digital assets at the IRS are heading for the exits.
Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For Digital Assets

Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For Digital Assets

Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private se...
Coinbase Leaps Into Supreme Court Case in Defense of User Data Going to IRS

Coinbase Leaps Into Supreme Court Case in Defense of User Data Going to IRS

The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers' crypto transactions.