Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens.
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Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report
A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS.
IRS probes crypto traders using Puerto Rico tax breaks: Report
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.
Kraken ordered by court to disclose user data to IRS for tax compliance
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
How the IRS seized $10B worth of crypto using blockchain analytics
A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.
Tax law researchers propose IRS framework for deducting crypto losses
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned.
Kraken asks San Francisco court to intervene against IRS demands
Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by U.S. regulators.
IRS calls for public feedback on taxing NFTs as collectibles
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments.
IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking.
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.