The IRS suspects that some individuals could have hidden taxable income for the specified period.

IRS Issues New Cryptocurrency Tax Guidance
October 11th, 2019

The Internal Revenue Service (IRS) has explained the issues of taxation in situations when a person gets crypto as a result of hard fork or airdrop.

How to Avoid Being Scammed when Buying Bitcoin
August 17th, 2019

As the crypto industry is attracting more and more newcomers every day, it is attracting more and more fraudsters as well. That’s why it’s vitally important to know at least the key rules that will help you to avoid scams while trading Bitcoin.

The IRS Is on the Hunt for Cryptocurrency Tax Avoiders
August 11th, 2019

While cryptocurrencies are continuing to gain popularity, it’s high time to learn how to report your crypto gains in order to comply with IRS regulations and avoid undesirable consequences.

IRS is Sending Out 10,000 Letters in Crackdown on Unreported Crypto Earnings
July 29th, 2019

As part of its efforts to ensure compliance, the IRS has commenced sending out letters to erring crypto users. More than 10,000 people will receive one of three letters, advising them to report earnings and pay required taxes.

IRS to Release In-Depth Crypto Tax Guidance ‘Soon’
May 21st, 2019

According to the IRS, they are now working on comprehensive crypto taxation guidance, which will in-depth explore ‘acceptable methods for calculating cost basis, acceptable methods of cost basis assignment, and the tax treatment of forks’.

Tax On Crypto: Are You Prepared?
April 13th, 2019

Professional tech writer and blogger, Katrina Hatchett takes a look at key tax implications of dealing with cryptocurrencies.

Bitcoin Bull John Mcafee to Lead 2020 Presidential Campaign While Fleeing IRS Indictment
January 24th, 2019

Cryptocurrency proponent John McAfee revealed that the IRS has convened a grand jury to charge him, his wife, and four of his campaign workers, with ‘unspecified’ crimes of felonious nature.

The Current State of Cryptocurrencies
November 16th, 2018

Samuel Leach, crypto millionaire, founder and CEO of Yield Coin project, shares his vision of the current cryptocurrency landscape explaining the key issues faced by the industry.

US Lawmakers Urge IRS Develop Clear Rules on Cryptocurrency-related Profits Taxation
September 21st, 2018

U.S. lawmakers have called on the Internal Revenue Service to clarify a guidance for taxpayers earning gains on cryptocurrencies.

Crypto Investors in America are Reporting Their Investments to IRS
February 14th, 2018

Although the number of people reporting their crypto investments is low fat the moment, it is expected to grow as the final date of filing comes closer.