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Category IRS

Kraken IRS Data Exposes Alarming Reality: Over Half of Crypto Trades Are Under $10

Kraken IRS Data Exposes Alarming Reality: Over Half of Crypto Trades Are Under $10

BitcoinWorld Kraken IRS Data Exposes Alarming Reality: Over Half of Crypto Trades Are Under $10 New IRS data from cryptocurrency exchange Kraken r...
Crypto Tax Reporting Crisis: Bloomberg Reveals Alarming IRS Shortfall as US Investors Fail to Declare Gains

Crypto Tax Reporting Crisis: Bloomberg Reveals Alarming IRS Shortfall as US Investors Fail to Declare Gains

BitcoinWorld Crypto Tax Reporting Crisis: Bloomberg Reveals Alarming IRS Shortfall as US Investors Fail to Declare Gains A significant tax complia...
US Court Dismisses Coinbase User’s IRS Summons Challenge

US Court Dismisses Coinbase User’s IRS Summons Challenge

A user of Coinbase who attempted to block an IRS summons for his financial records got blocked by a California court.  As per the information from ...
New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy

New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy

The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are paid in Bitcoin over the next two decades, accor...
IRS faces pressure to revise controversial crypto staking tax rules

IRS faces pressure to revise controversial crypto staking tax rules

Senator Todd Young wants the IRS to change its crypto staking tax rules because they tax unrealized gains.