IRS

Topline The Treasury Department will require most crypto brokers to disclose the proceeds of users’ transactions to the Internal Revenue Service starting in two years, the agency said Friday, a reporting requirement introduced to curb…

Defunct cryptocurrency exchange, FTX has settled with the Internal Revenue Service (IRS) on its $24 billion tax case according to a recent report by Bloomberg. To resolve a $24 billion tax demand the Internal Revenue Service (IRS)…

Bankrupt cryptocurrency exchange FTX might be able to settle a $24 million claim from the U.S. Internal Revenue Service (IRS) for $200 million. This settlement is still pending court approval, but would resolve one of the thornier…

On the surface, Bitcoin seems poised to take over as the world reserve currency based on the game theory of people converging on the adoption of a single hard and sound currency. The original cryptocurrency has officially entered into…

Bitcoin ETFs could become an investor bonanza, but they also bring tax obligations.getty Overview As the cryptocurrency industry revels in the long-awaited approval of bitcoin spot exchange-traded funds (ETF), investors must understand…