Tag Archives: IRS

[ad_2][ad_1] When you hear that the Internal Revenue Service (IRS) is incentivizing developers to provide cryptocurrency tracking methods, it could be assumed that it is trying to hunt down every last penny of tax money to make sure the government is getting what is due. While there is probably some …

[ad_2][ad_1] The US Internal Revenue Service has offered a bounty of up to $ 625,000 to anyone who can crack allegedly untraceable privacy coins like Monero (XMR) and track transactions on Bitcoin’s Lightning Network (BTC). The official proposal, released last week, says the IRS will accept proposals in the form …

[ad_2][ad_1] The US Internal Revenue Service (IRS) wants to pay a contractor $ 625,000 if he can breach level two privacy schemes and the privacy-focused crypto asset monero (XMR). The tax agency says the entity has “limited investigative resources” to track these types of cryptocurrency transactions. The US tax agency …

[ad_2][ad_1] On September 8, the IRS Criminal Investigation Department signed a $ 249,900 contract with a blockchain analytics firm to expand its crypto-tracking tools. The contract provides limited information, but follows a general IRS trend that steps up its game when it comes to encryption. The company behind the contract, …

[ad_2][ad_1] IRS tackles taxation of cryptocurrencies received in microtasks, Swiss Enable Crypto Payments Of: Robert A. Musiala Jr. At the end of last week, the US Internal Revenue Service (IRS) issued a memorandum on the topic “Taxation of the virtual currency received in the crowdsourcing job market”. The memorandum discusses …

[ad_2][ad_1] In this problem: • IRS addresses the taxation of cryptocurrencies received in microtasks, Swiss Enable Crypto Payments • Blockchain shipping platforms TradeLens and ShipChain expand networks • North Korean cryptographic hacks recycled by the Chinese; Launch of cryptographic compliance tools • FBI conspiracy thwarts Bitcoin corruption, Ethereum Classic suffers …

[ad_2][ad_1] The US Internal Revenue Service (IRS) is looking for information and tools to help it trace transactions using private currencies, layer two protocols like Lightning Network, and side chains like Plasma and OmiseGo (OMG). A June 30 inquiry published by the US Treasury Department reveals that the IRS Criminal …

[ad_2][ad_1] The U.S. tax agency has published a request for information regarding cryptocurrencies and privacy-focused technologies that obfuscate crypto transactions. The IRS-CI Cyber ​​Crimes Unit request also requests information regarding “offchain layer two protocol networks, sidechains and Schnorr’s signature algorithm”. A recently published IRS-CI Cyber ​​Crimes Unit request that is …

[ad_2][ad_1] The Internal Revenue Service is against the Americans who haven't reported income from cryptocurrencies like bitcoin. In late July, the IRS said it had to send warning letters to more than 10,000 people who may have complied with tax rules on virtual currencies. Agency officials have said criminal tax …

[ad_2][ad_1] The US entrepreneur and serial cryptocurrency advocate John McAfee have fled the country to conduct his presidential campaign in 2020, he said in a video declaration January 22nd. McAfee claims to have been indicted by US tax authorities and to plan its campaign from a boat in international waters. …