irs
Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. However, decentralized platforms that don’t hold assets themselves will be exempt. Those are the main…
Some IRS employees still access TikTok despite ban on government devices
The TikTok ban on U.S. government devices is proving hard to enforce. A month after the IRS was found to be in non-compliance with the federally mandated ban on the…
The IRS will test a free tax filing service in 2024 for a subset of lucky taxpayers in as many as 13 states, the agency announced today. Direct File, as…
Microsoft faces $28.9 billion tax bill in ongoing audit dispute
Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly 20 years. In a filing yesterday with the Securities and Exchange Commission (SEC), the…
The IRS is sending four investigators across the world to fight cybercrime
The Internal Revenue Service (IRS) plans to send four agents who specialize in investigating cybercrime to Australia, Singapore, Colombia, and Germany starting this summer. These four new positions represent a…
‘Tracers in the Dark’ shows how cops go after crypto-criminals
“That was the only path through this darkness,” says U.S. prosecutor Zia Faruqui. “The darker the darknet gets, the way that you shine the light is following the money.” In…
A lack of formal guidance from U.S. regulators requires taxpayers to interpret how existing laws intended to regulate traditional assets might apply to crypto.
IRS payment site crashes on tax day
Twitter’s brief morning outage was stressful enough — but those who’ve waited until the last possible moment to pay their tax bills have a much more distressing site crash to…
CoinTracker will keep track of your crypto as you transfer it between wallets and exchanges
It’s no secret that the cryptocurrency market cap has grown faster than the broader crypto industry. This means that the options for tools to help hold, track and manage your…
How a simple tech upgrade at the IRS could transform the economy
When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders…
IRS Rules Bitcoin Is Property, Not Currency
The IRS has officially stated that bitcoin is a property – similar to any other valuable commodity – rather than a currency. What does this mean? Not much. In short,…
Play With An MIT Tool That Visualizes How The NSA Can Map Your Relationships
The brainiacs at MIT created a cool visualization program to map how the National Security Agency can understand your relationships based on who you contact via email and how often.…
IRS moves to collect taxes on your work-provided cellphone
Another potshot aimed at the working man, friends. The IRS is looking to collecting more taxes on your work-provided cellphone, something the wireless industry—think CTIA, Verizon Wireless, Sprint, etc.—will fight…
So there’s a longish—the better ones are always longish—post over at Fast Company that details the perils of using Google to find tax documents. (International readers: April 15 is Tax…
As you may or may not have noticed on your normal phone bill, there’s a federal excise tax on long-distance phone service. Not only do consumers loathe it, but the…
Ben Franklin was pretty much right on the money when he said that this country is nothing but death and taxes. Tax experts are pushing the IRS to force online…