IRS
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight.
IRS Offers Tezos Staker Refund on Rewards Tax
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest update from the IRS and why this is a continuing story to monitor.
IRS Offers Tezos Staker Refund on Rewards Tax in Break From Current Policy
The IRS currently taxes cryptocurrencies generated through staking as income,
A Crypto Wallet by Any Other Name…
“Unhosted”? “Self-hosted”? “Non-custodial”? What you call a crypto wallet may seem trivial but it has huge stakes for shaping public perception of cryptocurrencies – and, in turn, for regulation.
Government Report Suggests Tightening Regulations on Crypto ATMs
The GAO said the machines are less regulated than crypto exchanges and transactions are more difficult to trace.
Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS
New year, new tax requirements. The Internal Revenue Service (IRS) is cracking down on payments received through third-party apps like Venmo, PayPal and Cash App to ensure those using these networks are paying their fair share of taxes. These platforms, coincidentally, also allow crypto purchases. "The Hash" crew discusses the issues of regulation, consumer privacy and impact on small businesses.
How Crypto Losses Could Result in Tax Benefits
The IRS allows investors to take deductions on crypto losses that can reduce tax liabilities or even lead to a tax refund.
IRS Seized $3.5B in Cryptocurrency During Fiscal 2021
The seizures by the U.S. tax agency included $1 billion in crypto related to the darknet market Silk Road.
President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Sen. Cynthia Lummis and others are now attempting to narrow the scope of the law’s crypto broker clause with a separate bill.
Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It
The amendment requires people engaged in “trade or business” to collect information about those who make purchases in excess of $10,000 using banknotes and coins.
