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IRS

Analysis and Comparison of Decentralized2

26 Apr 23

Kraken fights back after IRS demands user information

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Kraken challenges the Internal Revenue Service’s (IRS) requests for user data, claiming the demands represent an unwarranted intrusion and asking a federal court to intervene. Recently the cryptocurrency exchange, Kraken, is contesting the IRS’s request for information about its […]

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22 Mar 23

IRS aims to tax NFTs in line with other collectibles

The IRS is taking steps to tax NFTs like other collectibles, proposing a new framework for public review and comment. The Internal Revenue Service (IRS) is taking steps to ensure that NFTs are taxed similarly to other collectible items. This move by the IRS follows the recent surge in the popularity of NFTs since they […]

28 Jan 23

US IRS wants everyone to declare if they engage in crypto

The Internal Revenue Service (IRS), responsible for enforcing federal tax laws in the United States, recently published a list of reporting obligations for the general public regarding cryptos as the time for filing the 2022 federal income tax return draws near. The IRS recommends selecting ‘yes’ if you acquire, transfer, or sell cryptos Since “virtual […]

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