Tag Archives: IRS

[ad_2][ad_1] In the letter Ethereum 2.0 has finally been launched. But that launch brings with it important questions about how participants in proof-of-stake networks will be taxed. The IRS has yet to clarify. Decrypt contacted some experts to get answers. Ethereum 2.0 is here, but the IRS guidelines on how …

[ad_2][ad_1] Cryptocurrency exchange Coinbase has decided to stop sending customers 1099-Ks, the US tax form that led the Internal Revenue Service (IRS) to mistakenly think that traders had underestimated their earnings. The exchange will use the 1099-MISC form instead, at least for customers who earn interest on loans and similar …

[ad_2][ad_1] More than 500,000 ETH have been blocked and loaded into the Ethereum 2.0 deposit agreement, kicking off the main multi-year development phase of the network. JPMorgan analysts say institutions are piling up in bitcoin. And the IRS has again sent (possibly incorrect) letters to cryptocurrency traders stating that they …

[ad_2][ad_1] The Internal Revenue Service has considered several approaches to taxing the digital currency, a senior government official revealed. Speaking at a recent event, the official said the agency evaluated the different trade-offs offered by each model. Erika Nijenhuis, who serves as a senior advisor to the Treasury Department’s office …

[ad_2][ad_1] For the second year in a row, the Internal Revenue Service (IRS) is warning cryptocurrency investors that they have underestimated their holdings. But it could be another false alarm. According to a blog post published Monday by tax software provider CryptoTrader.tax, “dozens of people” recently received notifications of having …

[ad_2][ad_1] The tax law firm of David W. Klasing, a California boutique tax firm, has issued a public statement warning investors that the US Internal Revenue Service is getting serious with Coinbase users. The company’s dual-licensed tax attorneys and capital indemnity specialists say they have been monitoring an increase in …

[ad_2][ad_1] Income taxation of cryptocurrencies is currently a dark arena. It would appear that even the US Internal Revenue Service, or IRS, has a hard time figuring out who owes what, according to Wendy Walker, solution manager at tax compliance firm Sovos. “In the typical tax system, the IRS uses …

[ad_2][ad_1] The IRS has cleared up some questions about cryptocurrency disclosure for the upcoming fiscal season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” gains for bitcoin. Upper shelf Cryptographic GuideThe US Internal Revenue Service has made it clear that mere holding of cryptocurrencies does …

[ad_2][ad_1] The US tax agency has made it clear who should answer “yes” to a question about the cryptocurrency business included in the draft 1040 form for federal income tax. As reported in September, the Internal Revenue Service (IRS) revealed it would reposition an application on Form 1040 for 2020 …

[ad_2][ad_1] Crypto intelligence firm Chainalysis and data forensics firm Integra Fec won a combined $ 1.25 million contract to provide privacy-focused coin-breaking tools, monero, for the Internal Revenue Service (IRS) of the United States. Fluctuated in early September, the one-year contract specifically covers transactions involving monero (XMR) and second tier …