IRS Releases Draft Tax Form for Digital Assets — Expert Raises ‘Major Privacy and Security Concerns’
The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report…
Read More »IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.
Read More »The outcome of SBF’s prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
Read More »Deribit Teams Up with CryptoTaxCalculator to Simplify Tax Season
Cryptocurrency futures exchange Deribit has revealed its latest partner – Sydney-based software specialist CryptoTaxCalculator. The user-friendly crypto tax calculator has been designed to help users work out their liability from…
Read More »IRS Again Warns Crypto Investors They Under-Reported Gains
For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But there may false alarms again.
Read More »IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains.
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