Binance Recruits Former IRS Investigator To Oversee Anti-Money Laundering Efforts

Binance crypto exchange is taking further steps in its attempts to take the edge off the increased regulatory scrutiny by hiring a former Inland Revenue Service (IRS) investigator and cybercrime guru to lead its anti-money laundering requirements. Binance Adds Greg Monahan To Its Compliance Team In a Wednesday press release, Binance announced that Greg Monahan… Continue reading Binance Recruits Former IRS Investigator To Oversee Anti-Money Laundering Efforts

IRS can seize unemployment tax refunds for unpaid debts

Dems raising taxes is ‘biggest economic blunder in our lifetime’: Rep. Kevin Brady Rep. Kevin Brady, R-Texas, on how the Democrats raising taxes will lead to companies moving out of the U.S. He also discusses the decision to not seek reelection. The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment… Continue reading IRS can seize unemployment tax refunds for unpaid debts

The IRS probably won't audit you this year: Here's why

Raising US taxes now ‘won’t work’: Congressman Rep. Dan Meuser, R-Pa., on Presidents Biden’s tax plans.  Tax season officially came to a close on Monday, meaning that most Americans can breathe a sigh of relief until next year. Another reason for taxpayers not to worry? The chances of being audited by the Internal Revenue Service… Continue reading The IRS probably won't audit you this year: Here's why

IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns – Taxes Bitcoin News

An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure & Administration, explained Wednesday that the agency can seize cryptocurrencies from taxpayers,… Continue reading IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns – Taxes Bitcoin News

IRS sends out over 150M stimulus checks from the Covid relief bill as US soars past 150M vaccine goal

 THE IRS has sent out over 150million stimulus checks around the same time the US soared past its 150million vaccines goal. According to the Centers for Disease Control and Prevention, officials administered about 1.3million shots per day this week, and are on track to reach 250million shots by the end of the month. By April… Continue reading IRS sends out over 150M stimulus checks from the Covid relief bill as US soars past 150M vaccine goal

IRS says stimulus checks on the way to Social Security recipients

Stimulus, infrastructure spending may only create ‘short-term’ economic boost: Former Carlyle Group CEO Virginia gubernatorial candidate Glenn Youngkin provides insight into the SPAC boom, more government spending, and his race for governor of Virginia. The IRS said Wednesday that has delivered stimulus checks to millions of Social Security recipients and other lower-income Americans in the third round of payments under… Continue reading IRS says stimulus checks on the way to Social Security recipients

You may need to trigger IRS payment trace if your $1,400 stimulus check hasn’t arrived – here’s how

AMERICANS who have not yet received their third stimulus payment may need to trigger an IRS payment trace to receive the $1,400 check.  Millions of people are still awaiting the payment three weeks after President Joe Biden signed the American Rescue Plan on March 11. The IRS urges people to remember that the third stimulus… Continue reading You may need to trigger IRS payment trace if your $1,400 stimulus check hasn’t arrived – here’s how

IRS to send stimulus checks to Social Security recipients this weekend after delay

Stimulus, infrastructure spending may only create ‘short-term’ economic boost: Former Carlyle Group CEO Virginia gubernatorial candidate Glenn Youngkin provides insight into the SPAC boom, more government spending, and his race for governor of Virginia. The IRS said Tuesday that it will begin distributing stimulus checks to millions of Social Security recipients and other lower-income Americans this weekend. The… Continue reading IRS to send stimulus checks to Social Security recipients this weekend after delay

Biden To Sign $1.9 Tln Covid Relief Bill Friday

President Joe Biden intends to sign the massive $1.9-trillion Covid-19 relief bill that was passed by both the houses of the US Congress on Friday. The package, which represents Biden’s ambitious attempt to rebuild the US economy hit hard by the coronavirus, was approved by the House of Representatives by a 220-211 vote along partisan… Continue reading Biden To Sign $1.9 Tln Covid Relief Bill Friday

IRS faces Friday deadline to send out $600 economic impact payments

Markets ‘patient’ while expecting more fiscal stimulus with blue wave: Quill Intelligence CEO Quill Intelligence CEO Danielle DiMartino Booth and Bianco Research President Jim Bianco on their outlooks for the market. The IRS and U.S. Treasury Department will stop sending out stimulus checks this week, but there are still ways you can claim the money… Continue reading IRS faces Friday deadline to send out $600 economic impact payments

IRS sent $600 stimulus checks to more than 13MILLION closed or invalid bank accounts

The Internal Revenue Service reportedly sent $600 stimulus checks to more than 13million closed or invalid bank accounts. People across the United States who used online tax services are among the millions of Americans who may have had their stimulus check sent to the wrong bank account, CBSN Dallas-Ft.Worth reported. Jackson Hewitt Tax Service Inc.… Continue reading IRS sent $600 stimulus checks to more than 13MILLION closed or invalid bank accounts

Ron Paul Supports Bitcoin, Bashes IRS

Retired politician and former Congressman from Texas, Ron Paul said that the most appropriate way to deal with Bitcoin is to legalize it. He also criticized the Internal Revenue Service (IRS) and mentioned that there is no need for IRS. Paul expressed his views about the world’s leading cryptocurrency during an episode of the Stephan… Continue reading Ron Paul Supports Bitcoin, Bashes IRS

Ron Paul Supports Bitcoin, Bashes IRS

Retired politician and former Congressman from Texas, Ron Paul said that the most appropriate way to deal with Bitcoin is to legalize it. He also criticized the Internal Revenue Service (IRS) and mentioned that there is no need for IRS. Paul expressed his views about the world’s leading cryptocurrency during an episode of the Stephan… Continue reading Ron Paul Supports Bitcoin, Bashes IRS

IRS extends deadline for millions of Americans to register for stimulus check

Stimulus needs to help economy through winter months until we get vaccine: JPMorgan strategist JPMorgan chief global strategist David Kelly on markets, unemployment, the future of retail and whether the President’s coronavirus diagnosis will add urgency to stimulus talks. Millions of Americans who are still awaiting the arrival of their coronavirus stimulus check received extra time this… Continue reading IRS extends deadline for millions of Americans to register for stimulus check

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.  The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes… Continue reading The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.  The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes… Continue reading The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

IRS doubles down, investing another quarter million dollars into tracking crypto transactions

On Sept. 8, the IRS’s criminal investigation department signed a $249,900 contract with a blockchain analytics firm to expand its crypto tracing tools.  The contract provides limited information, but it follows an overarching trend of the IRS stepping up its game when it comes to crypto.  The firm behind the contract, Blockchain Analytics and Tax Software,… Continue reading IRS doubles down, investing another quarter million dollars into tracking crypto transactions

The IRS wants to tax every penny of your crypto, US government memorandum says

A recent memorandum from the U.S.’ tax authority, the Internal Revenue Service, or IRS, attempted to clarify taxation rules around receiving crypto assets as payment. “Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?” said a document released on Aug. 28, adding: “Yes, a… Continue reading The IRS wants to tax every penny of your crypto, US government memorandum says

US Crypto Users Receive Fresh IRS Notices

The United States Internal Revenue Services (IRS) are sending fresh notices to cryptocurrency investors seeking a declaration for their investments. As posted by many Reddit and other social media users, the new tax department is warning letters are dated August 14, meaning they were just sent out. The Most Diverse Audience to Date at FMLS… Continue reading US Crypto Users Receive Fresh IRS Notices

IRS Intends To Ask Every American Tax Filer About Crypto Transactions In 2020

The U.S. Internal Revenue Service (IRS) intends to ask every American tax filer about their cryptocurrency transactions and investments in 2020 filing. This was revealed in a draft Form 1040 released by the IRS for U.S. individuals to file their income tax return for 2020. After asking for personal details, the draft form asks, “At… Continue reading IRS Intends To Ask Every American Tax Filer About Crypto Transactions In 2020

US: IRS Considering Asking Every Citizen If they Ever Used Cryptocurrency

The US taxation watchdog is tightening the noose around crypto investors. IRS Wants to Know About Your Crypto Indulgences The US Internal Revenue System (IRS) recently released drafts of its income tax forms for 2020 which particularly asks all taxpayers whether they ever bought any crypto. In specific, the latest 1040 form asks individuals —… Continue reading US: IRS Considering Asking Every Citizen If they Ever Used Cryptocurrency

IRS Tax Warnings on Ethereum’s Fifth Anniversary

As important as Ethereum has become, even eclipsing Bitcoin (BTC) in some circles, it is no wonder that its fifth birthday has prompted comments — some prophetic, others nostalgic. Few, however, will mark the occasion by thinking about taxes, but that could be shortsighted. The last five years have seen near-tectonic shifts in how investors,… Continue reading IRS Tax Warnings on Ethereum’s Fifth Anniversary