The Internal Revenue Service (IRS) still has not said whether Americans trading World Cup contracts on prediction platforms should pay tax as …
IRS
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Most crypto investors are not trying to avoid the IRS. They just do not know the rules. That is the central finding …
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Regulation
IRS 1099-DA Crypto Rules Land on Tax Day as 53 Million Claim New Exemptions
by shayaanby shayaanIRS 1099-DA crypto reporting requirements take effect for the first time on Tax Day 2026, requiring every American who sold or traded …
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Regulation
California court dismisses Coinbase user’s challenge to IRS summons
by shayaanby shayaanA California court on Wednesday dismissed a Coinbase user’s attempt to block an IRS summons for his financial records, in at least …
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Regulation
Refusing new IRS crypto tax forms could cost you your exchange account
by shayaanby shayaanLog in to Coinbase next tax season, and your tax documents might no longer arrive by mail. Under a new IRS proposal, …
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Regulation
Bitcoin tax panic is rising because the IRS can see your crypto sales — and you may have to prove what you paid
by shayaanby shayaanAt 7:12 a.m. on a random Tuesday in February, an email lands with a subject line that looks harmless enough: “Your tax …
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Markets
American crypto holders are scared and confused about this year’s new IRS tax rules
by shayaanby shayaanCrypto tax platform, Awaken Tax, polled 1,000 crypto holders about a radical shift from self-disclosure to automatic reporting of transactions. www.coindesk.com
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Millions of Americans are counting on their tax refund to pay off bills, book a trip, or pad their savings, but this …
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Regulation
IRS secures first crypto tax fraud conviction, setting legal precedent
by shayaanby shayaanFor the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service …
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Regulation
US Congressman Buddy Carter introduces Fair Tax Act to abolish the IRS and replace US tax code
by shayaanby shayaanRep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national …