2014 Bitcoin IRS 
PYMNTS
SEPTEMBER 20, 2016
While various criminals have tried it, the “bitcoin isn’t money, therefore I can not be guilty of a financial crime” defense never really works out. As in Jed Rakoff’s unrelated 2014 case, the New York Judge ruled that the virtual currency met that definition. Prosecutors have argued that Coin.mx
PYMNTS
MARCH 21, 2017
The Internal Revenue Service (IRS) continues its efforts to gain access to United States Coinbase customer accounts, filing new documents in federal court to get the California-based company to turn over the records. Coinbase facilitates transactions of digital currencies like bitcoin and ethereum.
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PYMNTS
DECEMBER 19, 2019
The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated. The IRS hasn’t changed the guidelines since 2014, when the crypto market was younger and there weren’t as many people holding digital assets. In other bitcoin news, U.K.-based
PYMNTS
JULY 14, 2019
Talk of new bitcoin rules started surfacing earlier in July with the Internal Revenue Service’s announcement that it is planning updates to its 2014 guidance on cryptocurrencies, reports indicate. The IRS is acting on an April request from a bipartisan group of 20 lawmakers.
Fintech Review
OCTOBER 22, 2024
United States: A Detailed Approach to Taxation The United States, through the Internal Revenue Service (IRS), has taken a relatively proactive approach to cryptocurrency taxation. Another hurdle is the anonymity associated with certain cryptocurrencies, such as Bitcoin.
PYMNTS
AUGUST 13, 2018
The marquee names are there, of course, in terms of cryptos, including bitcoin and Ethereum. The Internal Revenue Service (IRS) said last month that it would train its sights on virtual currencies, with a focus on larger firms and international companies. The IRS defines crypto holdings as property.
PYMNTS
AUGUST 13, 2018
The marquee names are there, of course, in terms of cryptos, including bitcoin and Ethereum. No agreement is in the offing yet, and the IRS stance may be in keeping with a 2014 ruling, which treats virtual currency as property. The IRS has said that it has a “compliance campaign” in place that is tied to virtual currencies.
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