#internal revenue service

The defunct cryptocurrency exchange FTX has reached a settlement with the U.S. Internal Revenue Service (IRS), agreeing to pay a $200 million higher priority claim and a $685 million lower priority claim. This agreement stands in stark contrast to the initial claims totaling $24 billion. The payment is scheduled within 60 days after the restructuring plan goes into effect.

The U.S. Internal Revenue Service's Criminal Investigation division has released its Top-10 list of the most prominent and high-profile cases of 2023, with nearly half involving cryptocurrencies.

Coinbase has voiced major reservations about the tax guidelines put forth by the US Internal Revenue Service (IRS).

The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client.

Pursuant to a court order received in June, Kraken, the cryptocurrency exchange, will be disclosing user data to the U.S. Internal Revenue Service (IRS) in the upcoming month.