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Internal Revenue Service

IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise
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5 March, 2024

IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise

The IRS has hired Sulolit “Raj” Mukherjee, formerly with Coinbase and Binance.US, where he led tax compliance efforts, and ex-TaxBit...
New IRS reporting requirements for digital assets put on ice—for now
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19 January, 2024

New IRS reporting requirements for digital assets put on ice—for now

New rules mandating firms to report digital asset transactions of over $100K won't take effect for now, with the IRS...
IRS mandates increased personal information for digital asset transactions under new rules
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4 January, 2024

IRS mandates increased personal information for digital asset transactions under new rules

Many brokers are expected to have difficulty complying with the IRS' new tax rules, which took effect on January 1,...
IRS extends feedback deadline for new digital asset tax rules to mid-November
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30 October, 2023

IRS extends feedback deadline for new digital asset tax rules to mid-November

Feedback on the proposed digital asset tax reporting rules has been extended until November 13, according to the IRS, which...
US senators urge IRS, Treasury to implement digital asset tax rules
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13 October, 2023

US senators urge IRS, Treasury to implement digital asset tax rules

A letter from U.S. lawmakers called out the Treasury Department and the IRS for their delay in enforcing digital asset...