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irs

With new funding, IRS to collect billions in unpaid taxes

by Vera Ward
With new funding, IRS to collect billions in unpaid taxes

By Fatima Hussein | Associated Press WASHINGTON — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according …

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Does your digital asset exchange abide by the rules?

by Isaac Wright
Does your digital asset exchange abide by the rules?

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States Securities Exchange Commission’s (SEC) …

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Rep. Dan Meuser demands IRS investigate Biden’s $240K loan repayment from brother

by Ron Morgan
Rep. Dan Meuser demands IRS investigate Biden’s 0K loan repayment from brother

Republican Rep. Dan Meuser has demanded the IRS investigate $240,000 in loan repayments President Biden received from his brother, saying the committee probing the financial transactions for foreign business ties …

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IRS Hits Pause on New Rule Requiring Businesses to Report Crypto Transactions Over $10k

by Isaac Wright
IRS Hits Pause on New Rule Requiring Businesses to Report Crypto Transactions Over k

Adapting to the Digital Age: Transitional Reporting Guidelines for Digital Assets The U.S. Treasury and IRS have announced a delay in implementing digital asset reporting requirements, allowing time for tailored …

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A taxing year for digital assets begins

by Isaac Wright
A taxing year for digital assets begins

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A bull market for digital assets is …

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Consensys voices concerns over IRS proposed rulemaking for crypto

by Isaac Wright
Consensys voices concerns over IRS proposed rulemaking for crypto

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, …

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IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

by Isaac Wright
IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

According to a report from the Internal Revenue Service (IRS) criminal investigations division, tax evasion has emerged as a significant area of focus in crypto investigations. More than half of …

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Proposed “Broker Rule” in US Could Threaten DeFi, Warns Blockchain Association

by Isaac Wright
Proposed “Broker Rule” in US Could Threaten DeFi, Warns Blockchain Association

A potentially pivotal decision for decentralized finance (DeFi) comes to the US. The Blockchain Association expresses concern over the U.S. Treasury and IRS’s proposed redefinition of “broker” in tax rules, …

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US Republicans advance Israel funding without Ukraine aid, defying Joe Biden

by Walter Watson
US Republicans advance Israel funding without Ukraine aid, defying Joe Biden

The Republican-led lower chamber of Congress passed a US$14 billion aid package for Israel on Thursday, defying US President Joe Biden’s request to also include more money for Ukraine and …

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House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS

by Walter Watson
House GOP unveils .3 billion Israel aid bill that would cut funding to IRS

Washington — House Republicans want to pay for emergency aid to Israel by cutting funding to the IRS, teeing up a collision with the White House and Democratic-controlled Senate over …

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