Tag: IRS
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of seven U.S. Senators, including prominent figures Elizabeth Warren and Bernie Sanders, submitted a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel. [more…]
US Court Backs IRS in Part Against Kraken Over Tax Rules
The United States District Court, Northern District of California, has partially upheld a summons issued by the Internal Revenue Service (IRS) to Payward Ventures, Inc. and its [more…]
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the [more…]
NFTs Causing Headaches For Accountants During Tax Season: Report
Non-fungible token (NFT) traders are bringing a new dimension to tax and accounting practices, according to US experts within the industry. In a Forbes report, CPA Sean [more…]