IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

IRS Launches 'Operation Hidden Treasure' to Target Unreported Crypto IncomeThe U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association […]

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Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion

Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International ExpansionU.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in […]

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