Latest Posts with IRS tag

IRS

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2ND STIMULUS CHECK ARRIVAL DATE

53 minutes ago 1 minute read 0 comments KadilaK81

   Recently I found out you could go online to the "get my payment" IRS website and see what date if any your Second stimulus check would be direct deposited or mailed out.   So I went to the website and put in the required credentials and found that...

The IRS is mistakenly sending warning notices to Coinbase users

23 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Aislinn Keely - the author from The Block portal in his new article says that *The Internal Revenue Service (IRS) is once again sending letters to crypto holders, this time claiming some owe the regulator dollar amounts in the hundreds of thousands.*...

US Government Seizes $1B+ Worth of Silk Road Bitcoins

6 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

United States authorities have seized over $1 billion worth of Bitcoins (BTC) associated with darknet marketplace Silk Road, according to a statement published by the United States Department of Justice (DOJ) on Nov. 4. The DOJ filed a civil complai...

IRS States that Just Holding Crypto Won’t Need Disclosure in Tax Form

27 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has clarified that those who have only held crypto assets in 2020 need not answer yes to the question of whether they have received any financial interest via cryptocurrencies. The IRS issued the clari...

IRS Offers Contracts Worth $1.25M to Two Firms With the Aim of Breaking Monero

5 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has awarded two $625,000 contracts to Chainalysis and data forensics analysis firm Integra FEC to crack Monero (XMR), according to filings posted on September 30. Chainalysis and Integra will both rec...

United States Will Pay You $625K if You Can Crack Monero's Privacy

17 Sep 2020 1 minute read 7 comments Abhimanyu Krishnan

The United States Internal Revenue Service is offering a bounty of up to $625,000 to individuals who are successfully able to breach the privacy protocol of Monero (XMR), according to a proposal published in early September. The proposal asks for su...

IRS memo and recent updates to tax returns shows the growing adoption

31 Aug 2020 1 minute read 0 comments CryptoTapas.com

If the tax authorities are looking to claw-back on an income source that is one of the indicators of 'adoption'. IRS has released a memo on Friday (Aug 28) to clarify that the crypto earned from microtasks is taxable income. Microtasks could include...

23.08.2020 - Another day into Cryptoverse

22 Aug 2020 3 minute read 1 comment Heruvim78

  Getzen faucet introduced 4 tiers of refferals, and it is doing that retroactively, so, if you have account on the platform, check this good news, if not, may be it is the time to do it. They offer decent amounts of Horizen (ZEN) and the Sphere wal...

Paying Tax on Cryptocurrency - Beginners Guide Down Under

16 Jul 2020 5 minute read 12 comments Bragato18

If you’ve recently started trading in cryptocurrencies, then you might not have even thought about how it will affect your tax obligations. I recently received a friendly email from the ATO advising that their records show I have previously disposed...

US Internal Revenue Service seeks tools to track anonymous cryptocurrencies

3 Jul 2020 1 minute read 0 comments Kluma

The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include software for analyzing private coins and second-level protocols...