IRS – Page 23 – DIGIT INFO

If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning

Bitcoin price drops – last chance to reduce tax due before the end of the year

IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge

A California federal court finds that U.S. tax authorities have broadly stayed within their legitimate remit when collecting user data from crypto exchanges

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Missouri Firm Launches New Software For Reporting Crypto Taxes

Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting

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IRS Vs. Bitcoin ATMs: Industry Says There Is Already Enough Regulation

The IRS is eyeing the Bitcoin ATM industry for potential tax issues. Large industry players are already compliant enough, experts say, while smaller operators might experience additional difficulties

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IRS Laughs Off Coinbase User’s ‘Surveillance Conspiracy’ in Tax Reporting Case

IRS reaffirms that its summons on crypto trading platform Coinbase in an income tax investigation is legitimate

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

TheMerkle_Bitcoin ATM Akron In 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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IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks

The U.S. IRS is investigating potential tax compliance issues of Bitcoin ATMs and kiosks

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The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops

tax and crypto The IRS is still uncertain as to how they will treat cryptocurrency airdrops. Additionally, the agency clarified how users can’t defer taxes on transactions occurring before 2018. It is promising to see the IRS focus on cryptocurrencies in this day and age. Bringing them into the mainstream adds more legitimacy to Bitcoin and altcoins. The IRS Isn’t Flexible With Cryptocurrency In a recent statement. an official commented on cryptocurrency transactions prior to 2018. Some users expected they would be able to defer taxes on exchanges before that time period. Unfortunately for them, that will not be the case after all.

The post The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops appeared first on The Merkle Hash.

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IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions

U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says

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The IRS Confirms a new Wave of Cryptocurrency Audits is Coming

TheMerkle Coinbase IRS Tax agencies around the globe continue to crack down on cryptocurrency users. A new joint report by the IRS and other agencies confirm there are new tools being deployed to identify tax evaders, cybercriminals, and other culprits. For some time now, the Joint Chiefs of Global Tax Enforcement have been working together. The IRS Targets Crypto Traders Again This unit consists of the IRS, as well as officials from the UK, Canada, Australia, and The Netherlands. All of these tax agencies share one common goal” tracking down tax evaders and cybercriminals. In the past two years, part of the focus

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