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The Internal Revenue Service (IRS) is ramping up efforts in crypto regulation, tapping into industry expertise to navigate the complex terrain of digital assets. Sulolit Raj Mukherjee, former global head of tax at ConsenSys and contributor to Binances US unit, joins forces with Seth Wilks, previously vice president at TaxBit, to bolster the IRSs approach […]
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.
The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.
The IRS has registered a major legal achievement in its fight against evasion of taxes through cryptocurrencies. Frank Richard Ahlgren III is facing two years in prison and $1.1 million in fines for hiding income from his crypto trades from the Internal Revenue Service. This conviction is important for the IRS because it is the […]
Staking rewards are now classified as gross income.
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