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Tag: Internal Revenue Service

New IRS Rule Mandates Businesses Report Crypto Transfers Worth $10K+ – The Defiant

Businesses that fail to report receiving sums of at least $10,000 in crypto could face felony charges A sweeping new tax reporting rule targeting...

Navigating IRS Crypto Tax Reporting What Investors Need to Know

Disclaimer – Cryptocurrency investments come with high risks. This article aims to inform and does not offer investment advice. By using this platform,...

The Crypto Roundup: 02 January 2024 | CryptoCompare.com

The cryptocurrency industry was rocked by a series of bankruptcies in 2023, among which was the prominent and complex case of FTX, where creditors...

The Murky World Of Crypto Compliance: What Advisors Need To Know – CryptoInfoNet

It was another wild year for cryptocurrencies. One of the biggest banks in the sector, Silvergate Bank, had to liquidate because of a run...

3 Keys to Mastering Crypto Taxes, From IRS Tracking to NFT Losses – Unchained

Investors can navigate the end-of-year tax maze with expert insights on IRS tracking tactics, offsetting NFT losses and crucial tax considerations for crypto...

U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road

The U.S. Court of Appeals for the Ninth Circuit has recently concluded a landmark legal process, officially sanctioning the confiscation of 69,370 Bitcoins and...

US court finalizes mandate for Silk Road’s Bitcoin forfeiture

The U.S. Court of Appeals has approved a confiscation order for cryptocurrencies associated with the darknet platform Silk Road.The resolution was adopted on Dec....

FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange – The Daily Hodl

Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time of the disgraced exchange’s...

FTX Files Amended Plan to Pay Creditors Amid Soaring Legal Expenses

On Dec. 18, it was reported that FTX had filed its latest proposal to return billions of dollars to its customers and creditors. Moreover,...

Tether has frozen $435M USDT for U.S. DOJ, FBI, and Secret Service

The world’s largest stablecoin issuer has frozen 326 wallets containing $435 million worth of Tether (USDT) for the U.S. authorities, the company highlighted in...

IRS Demanding $24,000,000,000 From FTX Would Take Money Away Collapse Victims, Lawyers Say: Report – The Daily Hodl

FTX’s lawyers are pushing back against the U.S. Internal Revenue Service’s (IRS) efforts to claim billions of dollars in unpaid taxes from the bankrupt...

IRS’s $24 Billion Tax Claim Threatens Recovery for FTX Victims

In the process of filing for bankruptcy, FTX, which was formerly a dominant player in the cryptocurrency exchange market, is now confronted with a...

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