The IRS will implement new wallet-by-wallet cost basis rules for cryptocurrency trading, including Bitcoin, beginning January 1, 2025. This regulatory shift demands meticulous compliance from investors and traders. […]
U.S. Seeks Supreme Court Backing for Coinbase User Privacy Fight
The U.S. government is urging the Supreme Court to uphold the Internal Revenue Service’s (IRS) ability to access Coinbase user data in a case concerning tax underreporting on […]
Supreme Court Weighs In on Coinbase User Privacy Dispute
The US government has urged the Supreme Court to deny a request from James Harper, a Coinbase user seeking to prevent the IRS from accessing his cryptocurrency transaction […]
Supreme Court Rules in Favor of IRS, Expanding Access to Coinbase User Records
The U.S. Supreme Court has ruled in favor of the IRS in a case concerning user transaction data from Coinbase, a move with significant implications for cryptocurrency users […]
IRS Appoints Veteran Crypto Expert to Lead Digital Assets Office
The Internal Revenue Service (IRS) has appointed Trish Turner as the new head of its Digital Assets Office, marking a significant leadership change following key departures in cryptocurrency […]
IRS Executives Depart Amid Shifting Regulatory Environment
Two high-ranking IRS officials have resigned: Seth Wilks, Executive Director of Digital Asset Strategy and Development, and Raj Mukherjee, Executive Director of the Digital Asset Office. Their departures […]
IRS Crypto Leaders Resign Amid Tax Reporting Changes
The resignations of key IRS crypto policy leaders ahead of a crucial digital asset tax reporting update have created uncertainty for businesses and traders preparing for 2025 compliance. […]
IRS Crypto Officials Depart Amidst Dogecoin Deal Controversy
Recent departures of IRS crypto leads raise concerns about regulatory oversight in the cryptocurrency space. These departures come after involvement with Dogecoin deals, prompting speculation about a potential […]
IRS Leadership Departing Amidst Crypto Tax Reform & Restructuring
The United States Internal Revenue Service (IRS) is undergoing a significant leadership shift following the resignations of Seth Wilks and Raj Mukherjee. These experienced professionals played crucial roles […]
IRS Resignations Spark Uncertainty in Crypto Tax Landscape
Two key figures within the Internal Revenue Service (IRS) have recently resigned, leaving a lasting impact on crypto tax policy. Seth Wilks and Raj Mukherjee, both formerly from […]
IRS Cryptocurrency Leaders Depart Amid ‘Dogecoin’ Program Restructuring
Two key figures at the U.S. Internal Revenue Service (IRS) tasked with developing cryptocurrency taxation policies have stepped down, according to PANews. Seth Wilks and Raj Mukherjee, who […]
IRS Leadership Resigns, Accepting DOGE Deferred Resignation Plan
Two top IRS officials, Seth Wilks and Raj Mukherjee, have resigned from their positions, joining the controversial DOGE deferred resignation plan. Their departure comes as a surprise to […]
Coinbase Challenges IRS Access to Crypto User Data Before Supreme Court
Coinbase is taking its fight against the IRS’s broad access to crypto user data before the Supreme Court. The company argues that outdated privacy laws no longer adequately […]
Coinbase Challenges IRS Crypto Oversight to Supreme Court
Crypto exchange Coinbase has submitted an amicus brief to the Supreme Court, challenging the third-party doctrine that allows the IRS to access customer data without a warrant. This […]
Trump Repeals IRS DeFi Tax Rule: Landmark Move for U.S. Crypto Legislation
President Trump’s actions mark a significant shift in U.S. crypto regulation. On April 10, 2025, he signed a joint congressional resolution repealing the IRS’ controversial rule that aimed […]