Internal Revenue Service News and Articles

Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....

Internal Revenue Service is addressing a fresh cycle of letters to numerous crypto investors. These letters are informing them that their federal taxes incomes don’t equal the info collected from crypto exchanges. These warnings declare that the error must have occurred because of the exchanges...

In the next few weeks, the Internal Revenue Service of the US is expected to present an updated version of its guidelines, which have a connection to the Bitcoin and other cryptocurrencies. Changes to the document were made under pressure from a group of more than 20 congressmen, who in April...