Tag: IRS

Bitcoin

IRS Proposes Eased Reporting Standards For Crypto Taxes In Latest 1099-DA Draft Release

By Messam Raza Aug 11, 2024

8 Views

The US Internal Revenue Service (IRS) has made significant changes to the 1099-DA crypto taxation form, which is intended exclusively …

FTX

FTX Warns: IRS Tax Bill Poses Threat To Creditors’ Prospects Of Meaningful Redemption

By Messam Raza Dec 12, 2023

2 Views

The bankrupt cryptocurrency exchange FTX has expressed concern that the proposed $24 billion tax bill by the United States Internal …

Kraken

Cryptocurrency Exchange Kraken Forced To Disclose Data of 42,000 Users To IRS

By Messam Raza Oct 30, 2023

8 Views

The U.S.-headquartered cryptocurrency exchange, Kraken, has publicly declared its commitment to furnish the data of 42,000 users to the U.S. …

Crypto

Crypto Tax Rule Feedback Window Stretched: IRS Delays Deadline To Mid-November

By Messam Raza Oct 25, 2023

1 Views

The open-comment period for the proposed crypto tax reporting regulations the U.S initially introduced. The IRS extended it in Aug …

Recent Posts

Coinbase Plans Proof of Reserves for New Bitcoin Wrapper
October 1, 2024 0 Comments
Coinbase will soon add proof of reserves to its new …
Bitcoin Surges in September, Eyes New Highs for ‘Uptober
October 1, 2024 0 Comments
Bitcoin ended September with a bang, jumping 7.35% and setting …
Shiba Inu Takes a Tumble, Lands Among Worst Performers
September 29, 2024 0 Comments
Shiba Inu has hit a rough patch, dropping over 3% …
Bitcoin Debate Ignites as Crypto Bigwigs Clash Over Investment Picks
September 27, 2024 0 Comments
Bitcoin took center stage this week in a heated exchange …
Ethereum Whale’s $554K Profit Fuels Excitement Amidst Price Surge
September 27, 2024 0 Comments
Ethereum’s price shot above $2,600 this month, surprising many. One …
Long-Dormant Ethereum Wallet Moves $13K to Kraken
September 25, 2024 0 Comments
A long-dormant Ethereum wallet just woke up after nine years. …
Ethereum Heist Endgame: WazirX Hacker’s $230M Vanishing Act
September 25, 2024 0 Comments
The thief who took $230 million from Indian crypto exchange …