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Latest cryptocurrency news and articles about irs. Stay updated with developments, analysis, and insights.
Here’s how much ‘Bitcoin Jesus’ Roger Ver will pay in U.S. tax case
Roger Ver, one of Bitcoin’s ( BTC ) earliest and most controversial champions, has agreed to pay $49.9 million to resolve a U.S. tax evasion case, according to a Department of Justice (DOJ) filing rel...
Senator Lummis seeks to end taxes on small Bitcoin payments
U.S. Senator Cynthia Lummis is pushing to eliminate taxes on small Bitcoin transactions, a move aimed at reshaping how the Internal Revenue Service (IRS) treats everyday crypto spending. Currently, th...
Bessent to remain IRS chief, names Frank Bisignano as new CEO
Treasury Secretary Scott Bessent is set to retain his role as commissioner of the Internal Revenue Service. The agency will also announce a new deputy commissioner at a later date. Bessent began his r...
IRS issues interim guidance on corporate crypto tax, MSTR jumps 5.5%
Michael Saylor said on Wednesday that Strategy doesn’t expect to be subject to the Corporate Alternative Minimum Tax (CAMT) due to unrealized gains on its BTC holdings. Strategy’s shares are up nearly...
Treasury revises CAMT rule to exclude unrealized crypto gains
The US Treasury Department prepares to ease the proposed rule that would tax unrealized gains on Bitcoin under the Corporate Alternative Minimum Tax (CAMT). The new rule would alleviate tax burdens fo...
Dealers blame IRS backlog for sharp slowdown in U.S. EV sales
EV sales in the U.S. have slowed down hard, and dealers are blaming the IRS for it. The entire rebate process, meant to help people afford electric vehicles, is now stuck, less than a week before the ...
Crypto Tax Reporting: Urgent IRS Amendments Boost Compliance
BitcoinWorld Crypto Tax Reporting: Urgent IRS Amendments Boost Compliance The landscape of digital assets is constantly evolving, and with that evolution comes increased scrutiny from regulatory bodie...
