Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value.
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Category: IRS
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Educating Congress on Tech Is The Next Frontier for This Blockchain Caucus Co-Chair
Congressman Soto talks about the point where crypto education meets solid policy and what’s standing in the way.
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Law Decoded: How Long Is the Arm of the Law? August 7-14
New muscle from law enforcement investigating crypto suggests that government innovation may be slow but the government gets what it wants.
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Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits
A proposed capital gains tax cut could be good news for crypto traders in the U.S.
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US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert […]
The post US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space appeared first on Bitcoin News.
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IRS Tax Warnings on Ethereum’s Fifth Anniversary
Since the time Ethereum was born, the crypto-tax landscape has dramatically changed, and that is where we are now.
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Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.
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Crypto Tax Disclosures Can Help With Internal Revenue Service
Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk.
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Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters undermined the rights and protections of American taxpayers. The […]
The post Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights appeared first on Bitcoin News.
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The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks, sidechains, and the Schnorr Signature algorithm. A recently published IRS-CI Cyber Crimes Unit request that’s […]
The post The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies appeared first on Bitcoin News.
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