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IRS
FTX Settles $24 Billion Tax Dispute with Internal Revenue Service
- The settlement includes FTX paying $200 million within 60 days of court approval and $685 million after compensating other creditors and customers.
- Initially, the IRS claimed $44 billion, but it was amended to $24 billion.
Tuesday, 04/06/2024 | 19:37 GMT by
Jared Kirui
IRS to Grant $1 Billion Amnesty for Back Taxes
- IRS to waive $1 billion in penalties for back taxes under $100,000 for 2020-2021.
- Nearly 5 million Americans eligible.
- The reprieve is being issued due to COVID-related issues with the IRS’s automatic notices.
Wednesday, 20/12/2023 | 10:27 GMT by
Louis Parks
Crypto Community Rallies Against IRS Tax Proposal
- A call for legislative agility.
Monday, 13/11/2023 | 17:48 GMT by
Pedro Ferreira
Microsoft Owes $29B in Back Taxes to IRS - Will Other Tech Companies Have to Pay Too?
- A look into IRS' quest to enhance tax compliance.
Thursday, 19/10/2023 | 11:11 GMT by
Pedro Ferreira
IRS Clarifies Cryptocurrency Investment Reporting Requirements
- Crypto purchases made with fiat do not need to be declared in Form 1040.
Wednesday, 03/03/2021 | 07:07 GMT by
Arnab Shome
IRS Sends Warning Notices to Crypto Investors
- The agency is sending notices to the US investors for under-reporting crypto gains.
Tuesday, 24/11/2020 | 07:21 GMT by
Bilal Jafar
Cryptos Earned from Microtasks Are Taxable: IRS
- US crypto investors recently received notices from the tax department.
Monday, 31/08/2020 | 06:57 GMT by
Arnab Shome
US Crypto Users Receive Fresh IRS Notices
- The question of crypto investment is also explicitly mentioned in the draft Form 1040.
Wednesday, 26/08/2020 | 06:57 GMT by
Arnab Shome
IRS Invites Crypto Firms to Discuss Tax Provisions
- The participants will discuss various aspects - from issues to regulatory guidance.
Wednesday, 19/02/2020 | 08:48 GMT by
Arnab Shome
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