July 27, 2019 - IRS Sending Warning Letters To More Than 10,000 Taxpayers About Cryptocurrency Reporting
There are three variations on the letter: letter 6173, letter 6174, or letter 6174-A. The letters are allegedly targeted to taxpayers depending on the information available to the IRS. According to the IRS, "[a]ll three versions strive to help taxpayers understand their tax and filing obligations and how to correct past errors."
July 27, 2019 - The IRS Confirms Perplexing Move for Cryptocurrency Taxes; Bitcoin (BTC) Stays Below $10,000 – Latest Bitcoin News
In a letter titled IRS Letter 6174-A, the IRS notified at least 10,000 people that they could face penalties if they did not properly report their taxes from cryptocurrency and other virtual currencies. The letter send to several people via email read in parts:
July 27, 2019 - IRS tracking down 10,000 cryptocurrency owners for back-taxes
The IRS has begun sending letters to taxpayers who potentially failed to report income and pay taxes on cryptocurrency transactions, the agency said Friday. The IRS said it obtained the names of the taxpayers through “various ongoing IRS compliance efforts.”
June 24, 2019 - US Traders Beware: IRS Prepares Notices after Identifying Crypto Tax Evaders
the IRS is starting to undertake audits of taxpayers who hold crypto assets. Per the IRS commissioner for the Small Business/Self-Employed Division, Mary Beth Murphy, the tax body’s exam teams are now focusing on cryptocurrency-owning taxpayers:
June 10, 2019 - Bitcoin Lover John McAfee Promises to Reveal Data Compromising US Government Unless Feds Leave Him Alone
In a series of recent tweets, McAfee says that the DOJ (Department of Justice) is making up a case against him, accusing McAfee of racketeering, money-laundering and murder.
June 5, 2019 - John McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall
Crypto enthusiast, bitcoin (BTC) bull, antivirus software namesake and 2020 United States presidential campaigner John McAfee is releasing his own independent cryptocurrency, according to an official Twitter post on May 29.
June 5, 2019 - Israeli Supreme Court Sides with Crypto Exchange in Bank Account Case
Bits of Gold, Israel’s largest broker of bitcoin and Ethereum, can keep its bank account with the country’s biggest bank. That’s the decision from Israel’s Supreme Court on Monday. It overturned a district court’s earlier decision to allow Bank Leumi to close the Israeli crypto exchange’s account.
May 20, 2019 - CRYPTO MOGUL JOHN MCAFEE GOING ‘DARK’ SPARKS RUMORS OF ARREST
Did crypto mogul John McAfee fall overboard the Freedom Boat? Or was he seized by the IRS? The rumors started mounting after a tweet from his account stated “developing events have made it necessary for John McAfee to go dark.”
May 8, 2019 - IRS Fugitive John McAfee Wants You to Stop Sending Him Bitcoin
McAfee posted the front and back photos of a bitcoin credit card that he allegedly used to buy a drink at a bar. Speaking with his tongue clearly in his cheek, he challenged any doubting Thomases to send bitcoin to the test wallet address on the back of the card, perhaps forgetting the type of audience he was talking to.
February 20, 2019 - Cryptocurrency: Taxes, IRS & 1099’s Clarified
For tax purposes in the United States, however, just about every bitcoin or other forms of cryptocurrency; whether trading, spending, mining, or various other transactions is anticipated to be a taxable event.
February 4, 2019 - Crypto Assets And The IRS: Understanding Bitcoin Taxes And How To Calculate Profits And Losses
The legal situation regarding cryptocurrencies in the US remains difficult to navigate, as there are no official tax legislation passed by the Congress. However, there is also a lack of any type of proper guidelines introduced by the IRS. This is something that the Internal Revenue Service received a lot of criticism for.
February 4, 2019 - Switzerland Quietly Becoming Hub For Cryptocurrency Development
The Swiss leadership has been very proactive in exploring blockchain’s possibilities, and has welcomed greater exploration of its use cases. With the number of Swiss blockchain firms growing rapidly, it is clear that the nation is positioning itself to be a global leader within the sector.
January 29, 2019 - Bitcoin [BTC] exchange says, they do not “alert the IRS about your crypto”
Recently, news erupted in the market that the revenue service of United States, Internal Revenue Service [IRS] will gain access to information about the cryptocurrencies held by US citizens and that this information is provided by three of leading cryptocurrency exchanges: Coinbase, Kraken and Gemini.
January 29, 2019 - John McAfee Claims IRS Targeting Him For Crypto After Not Filing Taxes for 8 Years
He is now running his 2020 campaign “in exile,” since the IRS is hunting him down for his use of cryptocurrencies. The correlation between his claim of not filing taxes for eight years and this cryptocurrency issue remains unclear.
January 24, 2019 - Bitcoin Bull John Mcafee Is Running for President While Running from the Law
John McAfee announced Tuesday afternoon in a video tweet that he and his wife have been indicted by a grand jury in Tennessee on federal, felony charges related to what McAfee acknowledges in the video are eight years of delinquent U.S. federal income taxes to the IRS.