US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congreso…

IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022

The Internal Revenue Service (IRS) is buildinghundredsof crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the

IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’

A special agent with the Internal Revenue Service (IRS) says the tax agency isseeing mountains and mountains of fraudin the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible

El IRS espera incautar miles de millones de dólares en criptomonedas el próximo año, más de $3.5 Miles de millones en criptomonedas incautadas este año

The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize

Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

Congress has passed the Biden administrations bill aimed at improving infrastructure, fighting climate change, and bolstering social services. los $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Bidens signature after passing with a

IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600

On Wednesday, A NOSOTROS. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across the