IRS Commissioner – DIGIT INFO

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS

DIGIT — Fri, 13 Jan 2023 15:00:12 +0000

Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for […]

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NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands

DIGIT — Sat, 10 Jul 2021 17:30:57 +0000

On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s […]

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Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

DIGIT — Sun, 04 Aug 2019 22:15:59 +0000

The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very seriously.” Sean Ryan, CTO of Node40, a platform […]

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10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

DIGIT — Sat, 27 Jul 2019 03:14:33 +0000

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]

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Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy

DIGIT — Wed, 26 Jun 2019 22:10:28 +0000

Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO […]

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