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Cryptorank

Category Tax

New IRS Crypto Form Could Trigger ‘Phantom Gains’ and Unwanted Audits, Expert Warns

New IRS Crypto Form Could Trigger ‘Phantom Gains’ and Unwanted Audits, Expert Warns

The Internal Revenue Service’s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger aud...
“Bitcoin Jesus” Faces 109-Year Sentence as $48M Tax Extradition Battle Hits Europe

“Bitcoin Jesus” Faces 109-Year Sentence as $48M Tax Extradition Battle Hits Europe

Early Bitcoin investor Roger Ver has asked the European Court of Human Rights to block his U.S. Tax Extradition. He has said Spain ignored legal sa...
IRS Mapping Wallet Activity Across Chains—Expert Says It’s Time to Prepare

IRS Mapping Wallet Activity Across Chains—Expert Says It’s Time to Prepare

A tax expert has warned traders, particularly those operating discreetly, about the upcoming requirement to file Form 1099-DA starting in 2026. The...
South Korea’s Tax-Chief Nominee Vows Crackdown on Crypto Tax Evasion

South Korea’s Tax-Chief Nominee Vows Crackdown on Crypto Tax Evasion

South Korea’s incoming tax chief Lim Gwang-hyun has outlined plans to curb Crypto Tax Evasion by gathering real-time transaction data, applying AI ...
IRS and US Treasury Officially Repeal Controversial Crypto Broker Tax Rule

IRS and US Treasury Officially Repeal Controversial Crypto Broker Tax Rule

The U.S. Treasury Department and IRS have officially tossed out a controversial rule that would’ve forced non-custodial crypto service providers to...