Governments Viewing Crypto as a Threat Will Be Left Behind

Governments Viewing Crypto as a Threat Will Be Left BehindIn recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges. While the continued push to regulate crypto is no surprise, the general narrative espoused by U.S. officials that cryptocurrencies […]

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IRS Dispels Crypto Tax Confusion

IRS Dispels Crypto Tax ConfusionThe U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help them. Also read: Tax Guide: What Crypto Owners Should Know Pre-2018 Like-Kind Exchanges […]

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The IRS Will Shift its Focus to Users and Operators of Bitcoin ATMs and Kiosks

TheMerkle_Bitcoin ATM AkronIn a new statement, the IRS confirms it will continue to focus on cryptocurrency activities. Particularly those individuals and companies operating Bitcoin ATMs and Kiosks may see some intervention pretty soon.  As the IRS continues to target cryptocurrency users, they are doing so in a deliberate manner. Bitcoin ATMs may Facilitate Tax Evasion First, they want after traders of Bitcoin and altcoins who might not have reported their taxes properly. Secondly, they tackle the concept of token airdrops and other proceeds that might fall under their purview. In the latest turn of events, the agency has confirmed Bitcoin ATMs and

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