The Biden Administration and the Internal Revenue Service (IRS) continue to focus heavily on cryptocurrency tax enforcement issues. On May 20, 2021, the US Department of the Treasury (Treasury) released the American Families...more
5/27/2021
/ Biden Administration ,
Cryptoassets ,
Cryptocurrency ,
FBAR ,
IRS ,
Proposed Legislation ,
Reporting Requirements ,
Tax Evasion ,
Tax Reform ,
U.S. Treasury ,
Virtual Currency
The Internal Revenue Service (IRS) has scored another significant victory in its rapidly increasing virtual currency tax enforcement efforts. On May 5, 2021, the US District Court for the Northern District of California...more
5/7/2021
/ Bitcoin ,
Blockchain ,
Coinbase ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Income Taxes ,
IRS ,
John Doe Investigation ,
Noncompliance ,
Reporting Requirements ,
Tax Liability ,
Virtual Currency