The IRS is implementing wallet-level cost basis reporting for Bitcoin starting in 2025, requiring detailed tracking of transactions at the individual wallet level. This change affects exchanges, software […]
White House Reviews IRS Proposal for Outbound Crypto Taxation
The White House is conducting a review of a proposed IRS initiative to track and tax U.S. citizens’ offshore cryptocurrency holdings. This proposal, submitted by the Treasury Department, […]
White House Examines IRS Proposal to Tax Crypto Outflow
The White House is currently reviewing an Internal Revenue Service (IRS) proposal for taxing US citizens’ outbound cryptocurrency holdings. This measure aims to increase reporting requirements and combat […]
White House Proposes New IRS Rules for Cross-Border Crypto Taxes
The White House has initiated a review of potential IRS tax regulations related to U.S. citizens’ cross-border cryptocurrency holdings, aiming to provide recommendations to the Treasury and Internal […]
White House Supports Expanded IRS Crypto Surveillance Abroad
The White House has voiced support for increased IRS surveillance of international crypto transactions, marking a significant step in expanding regulatory oversight over digital assets. President Trump and […]
IRS Mandates Crypto Reporting in 2025: Form 1099-DA Changes Tax Landscape
The Internal Revenue Service (IRS) is introducing mandatory crypto tax reporting in 2025, requiring U.S. exchanges like Coinbase and Binance.US to file Form 1099-DA for transactions starting then. […]
New IRS Guidelines Offer Relief to Major Crypto Firms
Cryptocurrency businesses, particularly large players like Coinbase and Microstrategy, faced a significant tax burden due to the implementation of CAMT (Corporate Alternative Minimum Tax) in 2022. This regulation […]
IRS Crypto Leader Resigns After 3 Months
Trish Turner has stepped down as head of the IRS’s Digital Assets Division after just three months in the position. Turner, who brings over two decades of experience […]
Trish Turner Exits IRS as Crypto Tax Leader, Shifts to Private Sector
Trish Turner, the former head of the Internal Revenue Service (IRS)’s digital assets division, has stepped down after a three-month tenure. Turner’s departure comes amidst the IRS’s ongoing […]
Trish Turner Exits IRS Crypto Unit: Implications for Tax Compliance and Market Behavior
Former head of the IRS Crypto Unit, Trish Turner, has left her post after just under three months, joining Crypto Tax Girl as their new Tax Director. This […]
IRS Crypto Head Resigns After Short Tenure, Spark Concerns About Regulatory Stability
Trish Turner, head of the IRS Crypto Unit, has resigned after just three months, joining Crypto Tax Girl as Tax Director. This departure follows a series of recent […]
IRS Crypto Tax Chief Joins Crypto Firm, Sparking Regulatory Uncertainty
Trish Turner, head of the IRS Digital Assets Division, has resigned after just three months and joined Crypto Tax Girl as tax director, highlighting a concerning trend in […]
IRS Digital Assets Chief Resigns After Three Months, Leaving IRS Leadership in Flux
Trish Turner abruptly resigned as head of the Internal Revenue Service’s digital asset division after just three months on the job. Her departure follows a series of high-profile […]
IRS Cryptocurrency Head Resigns: Impact on Crypto Tax Regulations
The resignation of Trish Turner, the former head of the IRS cryptocurrency division, has sent ripples through the crypto community. Turner’s departure comes shortly after other senior officials […]
IRS Digital Assets Head Resigns Early, Impacting Crypto Oversight
Trish Turner, the former head of the IRS’s Digital Assets Unit, has abruptly left her position after only three months. This departure marks another chapter in a series […]