News with the tag "IRS"

The Internal Revenue Service’s (IRS) criminal division has come under scrutiny for failing to properly document and track billions of dollars in seized cryptocurrency assets, according to a recent report by the Treasury Inspector General for Tax Administration (TIGTA). The watchdog’s investigation, ...

BitcoinWorld IRS Crypto Seizures Face Urgent Scrutiny: Treasury Flags Flawed Protocols Imagine a scenario where vast sums of valuable digital assets, seized from criminal enterprises, aren’t being handled with the precision and accountability they demand. This isn’t a hypothetical situation; it’s th...

The United States Supreme Court has declined to hear a case challenging the Internal Revenue Service’s ability to access cryptocurrency user data, leaving in place a lower court ruling that allows the agency to collect records from Coinbase. In an order released Monday, the justices denied a petitio...

The U.S. Supreme Court has declined to hear an appeal from a Coinbase user, allowing the IRS to access data from the exchange’s users. The Supreme Court sided with the Internal Revenue Service in a major financial privacy case. On Monday, June 30, the Court declined to hear an appeal from James Harp...

The U.S. Supreme Court has declined to take up a long-running privacy case involving an Internal Revenue Service (IRS) request for data on thousands of Coinbase customers. In a Monday order, the justices denied a petition for a writ of certiorari — essentially, a green-light to appeal an appellate c...

The crypto industry's political-finance arm, the towering campaign-funding entity known as Fairshake, dropped another $1 million into the coffers of a special-election candidate hoping to replace a Virginia Democrat who died in office, Representative Gerald Connolly. The candidate favored by the ind...

Crypto investors across the US are facing renewed scrutiny from the Internal Revenue Service (IRS), which has sent out a surge of warning letters over the past two months. The letters, according to tax experts, suggest that the agency is ramping up enforcement after identifying discrepancies in rece...

As crypto prices see a new rebound with Bitcoin (BTC) leading the pack, US investors are not only anticipating significant returns on BTC and other digital assets but also facing increased scrutiny from the Internal Revenue Service (IRS). Recent reports indicate that the Internal Revenue Service has...