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Cryptonews Tags IRS

# IRS

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Blockchain News
Veteran Trish Turner Takes IRS Crypto Helm as Musk’s DOGE Cuts Decimate Agency
IRS has promoted 18-year veteran Trish Turner to lead the Digital Assets Office, marking continuity for crypto oversight as the agency loses advisers Sulolit “Raj” Mukherjee and Seth Wilks. Their departures reflect DOGE budget cuts that have already reduced tax auditor ranks by a third.
, by Julia Smith
Crypto Regulation News
Trump Signs Law Scrapping IRS DeFi Broker Rule, Reversing Key Biden-Era Policy

President Trump on Thursday signed a law axing an IRS rule targeting crypto brokers, marking a key rollback of a Biden-era policy.

, by Shalini Nagarajan
Blockchain News
US House Moves to Dismantle IRS DeFi Broker Regulation

The US House on Tuesday voted to repeal the IRS DeFi broker rule, with the Senate set to decide its future.

, by Shalini Nagarajan
White House Crypto & AI Advisor David Sacks Supports IRS Broker Rule Repeal
US lawmakers are moving to overturn the Internal Revenue Service’s (IRS) new broker rule, which requires decentralized finance (DeFi) platforms to collect and report user data. The effort, led by Republican Senator Ted Cruz, is being pursued under the Congressional Review Act (CRA), a...
, by Hassan Shittu
U.S. Senate to Vote on IRS Broker Rule This Week: Report
A CoinDesk report published on Monday states that the U.S. Senate is expected to vote this week on whether to reverse an Internal Revenue Service (IRS) rule finalized in December 2024, which classifies certain DeFi participants as brokers. Will The IRS's DeFi Broker Rule Be Overturned? A...
, by Julia Smith
Crypto Industry Mobilizes Against IRS DeFi Broker Reporting Requirement
The Blockchain Association, alongside 75 member companies, has called on Congress to repeal the Internal Revenue Service's new rule that classifies DeFi software as brokers. In a Wednesday letter to lawmakers, the industry coalition urged support for Senator Ted Cruz’s Congressional Review Act...
, by Shalini Nagarajan
IRS Urges Appeals Court to Dismiss Crypto Founder’s Challenge to Tax Summonses
The IRS has urged a federal appeals court to dismiss a challenge from crypto founder Rowland Marcus Andrade.
, by Ruholamin Haqshanas
Blockchain Association Sues IRS Over New Crypto Regulations
The Blockchain Association has launched a lawsuit against the U.S. Internal Revenue Service (IRS) over its latest cryptocurrency regulations.
, by Ruholamin Haqshanas
Uniswap CLO Says IRS Ruling on DEXs Should Be Challenged
The IRS' latest ruling requiring DEXs to adhere to the same reporting standards as traditional brokers has drawn sharp criticism.
, by Ruholamin Haqshanas
Crypto Community Reacts To New IRS DeFi Reporting Rules
The crypto community has taken to social media to express its grievances after the U.S. Treasury and Internal Revenue Service (IRS) launched their updated DeFi tax reporting requirements on Friday. U.S. Treasury, IRS Announce DeFi Tax Requirements As part of the regulation, digital asset...
, by Julia Smith
Consensys Requests Delay In IRS Crypto Reporting Regulations
Consensys has formally asked IRS to delay the execution of a proposed crypto tax regulation requesting exchanges to declare certain dealings.
, by Jimmy Aki
IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers
The IRS has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions. 
, by Ruholamin Haqshanas
IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year
Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season. In an interview with CNBC at the Chainalysis Links event in New York, Ficco expressed concerns...
, by Hongji Feng
Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building
Jim Lee, the former chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at Chainalysis.
, by Hassan Shittu
IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts
The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives to aid in digital asset reporting, compliance, and enforcement programs. They include Sulolit “Raj” Mukherjee, formerly the global head of tax at ConsenSys and Binance.US. Mukherjee also...
, by Shalini Nagarajan
US IRS Reminds Taxpayers to Report all Crypto-Related Income
The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040. The question asks taxpayers to report cryptos received in 2023 as a reward, award or payment...
, by Sujha Sundararajan
IRS Halts Enforcement of $10K Crypto Tax Reporting Rule Pending Further Regulation
The US Treasury Department and Internal Revenue Service (IRS) have announced that businesses are not required to report the receipt of digital assets in the same manner as cash until specific regulations are issued. The decision by the two federal agencies comes in response to the...
, by Fredrik Vold
Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service (IRS) rules mandate that cryptocurrency brokers report personal information on digital...
, by Trent Alan
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